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
http://content.indiainfoline.com/wc/research/researchreports/SIB_110810.pdf
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