On the strength of its profitability, the state-owned lender’s shares have outpaced banking benchmark indices over the past year. In the past year, the Nifty PSU bank stock index increased by 44.42 percent, while the Nifty Bank increased by 9.28 percent. Brokerages are optimistic about Indian Bank, a PSU lender. The bank with its headquarters in Chennai is predicted to perform well thanks to increased margins, a normalization of lending costs, and increased fees.
According to a research report from MK Global, the solid margin trajectory, improved charges, and normalization of credit costs may cause shares of PSU lender Indian Bank to gradually underperform. PSU bank shares