CMP: 190

Indian Bank is a full service bank owned by the Government of India. The Bank offers a wide range of services including a foreign currency banking unit at Colombo and specialized overseas branches at Chennai, Bangalore, and Mumbai exclusively for handling foreign exchange transactions arising out of export, import, remittances and non resident Indian business.

Indian Bank is a good bet in mid-cap PSU Banks trading at a P/E of well below 5 with dividend yields of almost 4% in the last 12 months. Revenues have risen from 5,150 Crores to 12,231 Crores in the last 5 years. Profits have risen from 1,008 Crores to 1,747 Crores in the last 5 years. NPM has dipped from over 19% to little over 14% over the last 5 years. Buy and hold for long term gains.