Indian Bank is a mid-sized public sector bank with major presence in South India. In fact it derives 42% of its growth from just one state, Tamil Nadu. It has been a consistent performer for the past ten years and can boast of ratios higher than industry averages.
However, the last one year has seen the NPA increasing from 0.53% to 1.33%.
Will the increasing NPA and focus on the southern region hamper its growth?Read more