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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Open|| Long (1Y)
Reliance Securities Recommends 'Buy' On Indian Bank
According to Reliance Securities, Indian Bank remains the best-managed PSU bank from all major fronts. The bank appears to be approaching the end of recognition of stressed loan cycle, which along with higher PCR clearly indicates a sharp moderation in credit cost from FY19 onwards, according to the brokerage.