Company Report: South Indian Bank – BUY
CMP Rs194, Target Rs229, Upside 18.1%
± SIB is set to sail faster post a successful transformation
± 28% NII CAGR over FY10-12; adequately capitalized for growth
± Asset quality to remain stable; RoE to improve
± Superior fundamentals but valuation at discount to peers
Source :- IndiaInfoline Research Team