Is South Indian Bank worth buying?

Is South Indian Bank a good buy now?

The bank’s balance sheet is one of the strongest in the industry with a high Tier-1 capital, low RWA/IEA ratio (45%) and negligible net NPLs (0.4%). The asset quality of SIB has significantly improved over the past five quarters with GNPLs declining from 2.2% in Q4 FY09 to 1.3% in Q1 FY11.

Is South Indian Bank safe investment?

So, Kotak Bank, HDFC Bank, RBL Bank, ICICI Bank, Axis Bank, and IndusInd Bank are said to be ‘safe’, while Federal Bank, Karur Vysya Bank, Karnataka Bank, Dhanlaxmi Bank and South Indian Bank are in the ‘red zone’.

What is the future of South Indian Bank?

South Indian Bank has announced its Vision 2024, which will focus on 6Cs including capital, CASA, cost-to-income, competency building, customer focus, and compliance. Capital remains one of the most important pillars of this strategy and SIB aims to shore-up its capital base over the near term.

Is South Indian Bank undervalued?

South Indian Bank is one bank that continues to be undervalued and is available at a p/e of only 7 times one year forward earnings. The shares are also available with a dividend of 2.53 per cent. This makes the bank a good pick at the current levels.

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Can South Indian Bank be a multibagger?

Many retail investors are betting on South Indian Bank to become the next multibagger in Banking sector. … However, during the same period the Bank Nifty index has performed really well and its has more than doubled, many bank stocks have returned 200% to 400% returns during the same period.

Which bank merged with South Indian Bank?

SIB shares ended almost flat at Rs 69.60 on the Bombay Stock Exchange on Tuesday. subsequently merged with bigger banks. The latest was the merger of United Western Bank with IDBI.

Is South Indian Bank safe for FD?

Thus, South Indian Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is. Loan against FD: The investment made in an FD scheme is not only a reliable investment option but can also act as an asset.

Which is the safest bank in India?

SBI, HDFC and ICICI are the safest banks by virtue of being declared too big to fail by RBI. It doesn’t hurt that they are also financially healthy as well.

Which is best bank in India?

Top 10 Banks in India

  • HDFC Bank.
  • State Bank of India.
  • ICICI Bank.
  • Axis Bank.
  • Kotak Mahindra Bank.
  • IndusInd Bank.
  • Yes Bank.
  • Punjab National Bank.

What is the size of gold loan book in India?

SBI saw a nearly sixfold rise in gold loans. Its gold loan book stood at ₹20,987 crore as of 31 March. SBI’s proportion of gold loans is only 2% of its overall retail loan book of ₹8.7 trillion, but the bank has relied on these secured loans to drive its credit growth this year.

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