• SENSEX
    NIFTY 50
Finance

Pick of the week: Axis Direct believes South Indian Bank's profits, asset quality will improve

Updated : April 15, 2019 12:58 PM IST

South Indian Bank (SIB) is a small-cap private bank that has risen 28 percent since March 1. The bank has been recommended as the ‘pick of the week’ by Axis Direct with a price target of Rs 20 per share.
With its balance sheet getting significantly cleansed and slippages in Agri/SME/Retail segment benign, we expect operating performance to improve, said the brokerage
Pick of the week: Axis Direct believes South Indian Bank's profits, asset quality will improve
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV