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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

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