BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Reliance Securities Recommends ‘Buy’ On Indian Bank
According to Reliance Securities, Indian Bank continues to remain the best-managed public sector bank from all major fronts. Analysis of its stressed assets clearly suggests that it is approaching the end of recognition of stressed loan cycle, which along with higher PCR (provision coverage ratio) clearly indicates a sharp moderation in credit cost from FY19 onwards, the brokerage adds.