Business growth steady; valuations reasonable

Company
20 Jun 2024
5 Min read 
  • DCB Bank shows positive financials and valuations with steady growth 
  •  The bank has seen healthy recovery in loan growth 
  •  Operating leverage expected to drive RoE recovery 
  •  Focus on retail and business loans delivering profitable growth 
  •  Asset quality outlook is healthy with expected improvement in GNPA and NNPA ratios 
  •  Valuations are attractive at 0.7x FY26E ABV, leading to a BUY rating.
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