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

Bookmark

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

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.