BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
We examined, carefully, the public sector undertaking banking space, taking a comprehensive look at as many as eight key banks in this specific space.
Upon our analysis, we found the thesis around Indian Bank interesting and we initiate coverage on a positive note. We like Indian Bank on account of the following reasons:
Indian Bank has a superior growth profile compared with key PSU bank peers,
Indian Bank has several loan segments of healthy yield, whose share in loan book can inch up going forward, providing fillip to net interest margin,
headline asset quality metrics, admittedly, do not make for a good reading but we think asset quality is at an inflection point.
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