Public sector lender Indian Bank has booked highest returns on its assets (RoA) for the fiscal last ended as compared to all its public sector peers in the banking space.
The bank recorded RoA of 1.53% in the last fiscal. The lowest RoA came from the kitty of Bank of Maharashtra.
Canara Bank follows Indian Bank with RoA of 1.42% while Andhra Bank posted 1.36% RoA.
SBI posted RoA at 0.71%.
Net Interest Margin (NIM) of the bank improved to 3.75% as compared to 3.55% in the FY prior to that.