Why investors are bullish on Indian Bank

One reason is that the bank has got its business mix right: 51% retail loans, 49% wholesale ones

For more reasons than one, the Indian Bank stock is among the preferred picks in the mid-sized state-owned lenders’ space. At a time when many public sector banks (PSBs) are grappling with profitability, asset quality, and loan growth issues, Indian Bank seems to score well. One reason is the bank has got its business mix right: 51 per cent retail loans and 49 per cent wholesale ones. This has helped the lender get ahead of most of its peers.

Indian Bank’s latest March quarter (Q4) results also lend confidence. The bank’s net interest income (NII) grew 22 per cent from