{
  "id": 14946286,
  "title": "Broker’s call: Indian Bank (Buy)",
  "url": "https://urgent.news/2026/10/16/brokers-call-indian-bank-buy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T11:34:59.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/brokers-call-indian-bank-buy/article71592239.ece"
  },
  "original_language": "en",
  "account": "Indian Bank reported robust operating performance in Q2-FY27, with advances surging 16.4% year-over-year, NII increasing 17.8% and PAT growing 14.7% to ₹3,460 crore. Broad-based RAM expanded by 17.7% and asset quality improved, with GNPA/NNPA at 1.61/0.14%. Management revised FY27 advance growth guidance to 13-14% and deposit growth guidance to 11-12%, while anticipating a 5-7 basis points NIM expansion in Q3-FY27. Repo-rate transmission and delayed deposit repricing contributed to this outlook. However, some loan growth was driven by Rs210bn of FCNR(B) mobilisation. Indian Bank has allocated ₹2,500 crore towards ECL against an estimated impact of ₹3,500 crore, leaving a potential incremental provisioning of ₹1,000 crore, excluding HTM valuation changes. The bank is expected to deliver a superior ROA of around 1.2% and ROE of 16-17% over FY27-29E, supported by strong asset-quality performance, a solid capital buffer and competent management. Consequently, the analysts maintain a Buy rating on Indian Bank with a target price of ₹1,000, valuing the bank at 1.5x Sep-28E adjusted book value. Key risks include macro dislocation affecting growth and asset quality, and potential merger of other weak PSBs with Indian Bank.",
  "summary": "Broad-based RAM growth of 17.7% and improving asset quality, with GNPA/NNPA at 1.61/0.14%, underpin the bank’s growth trajectory",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}