Indian Bank+ Allahabad Bank
IndianB. ALBK
Total 450278 393536
Business
Advances192658 169879
Deposit. 257621 223657
CASA. 33.71%. 47.23%
PCR. 53.20% 73.08%
CRAR 15%. 12.34%
Nnpa. 3.5%. 5.13%
POST MERGER IndianB
Total Business 843814 Cr
Advances. 362535 Cr
Deposit. 481278 Cr
CASA. 41.65%
PCR. 67.84%
CRAR. 13.84%
Nnpa. 4.22%
Post merger, IndianB will be 7th biggest PSB with 6062 branches
Total Business 8.44 lakh Cr, 1.9x of Anchor
Cost synergies due to improved CASA
*Book Value ( post merger) will be 210~. IndianB tdg @ 0.21xBV.*
INDIAN BANK APPEARS HUGELY UNDERVALUED