DCB Bank - Came Out Of FY21 Largely Unscathed: Anand Rathi

A DCB Bank branch in Mumbai. (Source: BloombergQuint).

DCB Bank - Came Out Of FY21 Largely Unscathed: Anand Rathi


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

With DCB Bank Ltd.’s target portfolio (50% plus mortgages/small and medium enterprise) and most customers being self-employed, FY21 was anticipated to be a very tough year for the bank, given the underlying stress in small businesses at the macro level.

With a slippage rate for FY21 in line with FY20 and a net restructured book contained below 4%, the bank has done a commendable job, given the trying economic environment.

We expect business activities and recoveries to pick up once pandemic-related restrictions are lifted, and earnings to normalise in the medium term.

Click on the attachment to read the full report:

Anand Rathi DCB Bank Company Udpate.pdf


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