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IDBI BANK, EXCELLENT BUY






IDBI BANK,  FINANCIAL SECTOR BANKING COMPANY

 Company Profile:

IDBI Bank Ltd., today, operates as a full service bank that caters to customers altogether segments. IDBI Bank Ltd. encompasses a stunning stylish gift from a previous organization - the commercial Development Bank of Asia - that was Associate in Nursing Apex Development establishment (DFI) within the business from the legal holiday, 1964 to September thirty, 2004. As DFI, i -DBI of the past stretched its cloth on the way aspect of the project funding to hide the associated services that have contributed to the institution of equitable  industrial zones, the event of backl inks, the emergence of a dynamical business climate and therefore the emergence of a deep and vivacious head market.

 On October one, 2004, the previous IDBI was converted as a establishment - IDBI Ltd. - to form an entire banking dealings game whereas continued to play its DFI role. jealous of promoting its business growth, IDBI Ltd. enclosed firms under that - former IDBI Bank, IDBI Home Finance Ltd., IDBI Gilts, former United Western Bank Ltd. IDBI Ltd. additionally modified its name to IDBI Bank Ltd. duplicate its extended business functions.

 As a venture, IDBI Bank Ltd. affects the lives of the many Indians through a large vary of banking product and services. additionally, the Bank is long-established within the monetary sector and therefore the major markets, investment banks and therefore the investment trust business. The Bank's amazing business philosophy is outlined as a commitment to manufacturing sound monetary solutions, making certain a lot of clients by accessing branches and ATMs on a continual basis like digital delivery and economical customer service. Going forward, IDBI Bank is powerfully committed to seeing the increase because the 'most common and secured bank worth improvement for all stakeholders'.

 Financials:

Market cap is 14,170cr

Current market cap of the Bank is 88.35rs Bse

EPS is 6.99

Book value of the company is 134

Price/book is 66

Dividend Yield is 3.96%

My views or opinion:

 This is strong candidate, which new Govt. Will considers it for disinvestment . Management has taken aggressive actions for reducing  NPA ‘s. The Bank management is ready to sell assets  for recovering the loss. Promoter holding in this bank is 76.5%. I dont think it require anymore introduction. It is universal truth that the bank with its operations driven by a cutting edge core Banking IT platform. Bank has Overseas Branches in country like Dubai and according to management commentary, bank is looking to open branches in countries like, Australia , Canada  ETC.

I am very much Bullish on this bank and in my View this Bank can give Multibagger returns from current levels. I would Suggest to my Followers and Blog reader start Accumulate this stock and Hold It with any fear. it is Safest Investment and This is the One stock which should be in portfolio of all Investors . If disinvestment happened in this bank then this Stock can be Multibagger from Current Levels and if not then also this bank has capability to Give At least 2 times returns from Current levels.

Disclaimer:  Please do your own research before making any investment decision. Company profile data is sourced from company website but view on the company stock is personal. It may differ from other persons view.

 

Though the asset quality pressures have moderated for the bank during 2HFY2014 (on back of higher recoveries and upgrades), sustaining such performance, going ahead, would be difficult. At CMP, the bank is trading at a valuation of 0.46x FY2016E P/ABV, (0.55x adjusting for the SASF).

Read more at: http://www.moneycontrol.com/news/recommendations/accumulate-idbi-bank-targetrs-76-angel-broking_1085624.html?utm_source=ref_article
"Though the asset quality pressures have moderated for the bank during 2HFY2014 (on back of higher recoveries and upgrades), sustaining such performance, going ahead, would be difficult. At CMP, the bank is trading at a valuation of 0.46x FY2016E P/ABV, (0.55x adjusting for the SASF).

Read more at: http://www.moneycontrol.com/news/recommendations/accumulate-idbi-bank-targetrs-76-angel-broking_1085624.html?utm_source=ref_article

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