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master
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Joined: 06/May/2008
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Posts: 831
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   Posted: 13/Jan/2010 at 11:04pm |
Article on Indian Bank appeared on Value Research site. According to that, IB has given guidance of 20% growth in advances and a 17% in deposits in FY10. It is expected that total business will touch Rs 1.5 lakh crore in FY10. On P/E basis, it is trading at ~5x FY10 and under 4.4x FY11
Edited by master - 13/Jan/2010 at 11:09pm
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master
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Joined: 06/May/2008
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Posted: 27/Apr/2010 at 11:10pm |
Given its decent results, price break-out of last 2 days was on the cards.
I was seeing buy report from a research firm with estimates for FY12E as under:
BV: 212; EPS: 52; ROE: 24%; NIM: 3.74%; ROA: 1.7%
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photophobic111
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Joined: 20/Mar/2009
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Posts: 162
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Posted: 27/Apr/2010 at 10:30am |
Originally posted by deveshkayal
Are you sure about NIMs ? As far as I know, only PNB (among the PSUs) has NIMs > 3.5%.. |
Could you please NIM and its significant w.r.t analysing Banks? It's Also, per this link http://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20100313/indian-bank-iob-face-risk/ai_n52455797/ Indian Overseas Bank (IOB) and Indian Bank have the highest share of
restructured loans in their gross loans, making them succeptible to an
increase in non-performing assets. Word of caution: Per this report, non- performing assets are set to rise for this bank.
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karn
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Joined: 05/Apr/2010
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Posted: 28/Apr/2010 at 10:26am |
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I have a question for those who track banks. Is it good or bad for a stock which is owned by lot of arbitrage mutual funds?
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Market Maniac
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Joined: 22/May/2010
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Posts: 245
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Posted: 28/May/2010 at 2:30am |
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These days while doing a net banking transaction, Indian Banks name also shows up with HDFC etc.
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master
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Joined: 06/May/2008
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Posted: 25/Jul/2010 at 10:34pm |
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As happens so often, headline numbers - Q1 net profit up by 10.84% at Rs 368 crore vs Rs 332 crore and NII up 25.61% at Rs 927 crore vs Rs 738 crore - don't seem to be telling the full story.
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It is of concern that Gross NPA of Rs988 cr is at 1.45% (up from 0.91%) and net has also significantly shot up from 0.19% to 0.76% y-o-y despite higher provisions. To me, sequentially q-o-q also looks lackluster. ROA dropped to 1.4%.
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On earnings front, reasonable as of now at 6.95x ttm and 1.63x book.
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It would however, be interesting to see which of these two tracks market picks tomorrow morning for IB.
Edited by master - 25/Jul/2010 at 10:43pm
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nikhil090
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Posted: 25/Jul/2010 at 10:46pm |
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The results are not upto the mark due to the single reason of NPA that are shown up in these results. Worst, there is no explanation given for the increase in NPA's. Though there provisioning is more than 80% the point is that why NPA increased by so much.. The stock is bound to correct in next week..
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master
Senior Member
Joined: 06/May/2008
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Posted: 06/Oct/2010 at 10:50pm |
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Not-so-hot stocks also igniting. For instance, this one has doubled in less than a year. Never mind the last quarterlies.
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