AC Choksi Research has recommended `Buy` on South Indian Bank with a price target of Rs 27 as against the current market price (CMP) of Rs 21.95 with upside potential of 23.01% in its report dated May 19, 2012.

KOLKATA/MUMBAI: Indian banks have managed to perform reasonably well in the fourth quarter despite worries about rising bad loans and shortage of liquidity.

Many small towns such as Trichur, Puducherry, Hubli, Tiruchi and Tirunelveli have made it to the 6-35 rank category, sometimes beating bigger rivals.

By Shruti Verma Khare May 15 2012 , New Delhi Mid sized Kerala headquarter South Indian Bank is looking at 25-30 per cent growth in business to Rs 78000 crore in the current financial year and over 3 per cent net interest margin.

For 4QFY2012, South Indian Bank (SIB) reported healthy net profit growth of 49.1% yoy (up 19.3% qoq) to Rs.122cr, which was higher than our estimates on account of higher non interest income and lower provisioning expenses than estimated by us.