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TruCap Finance Ltd. disburses loans worth ~INR 2.61 billion in Q1FY24, takes the total branch count to 103 As a leading non-banking finance company (NBFC) focused on micro, small, and medium enterprises (MSMEs), TruCap has disbursed ~INR 2.61 billion in the quarter ended June’23 vs. ~INR 2.37 billion in Mar’23 and ~INR 1.64 billion in Jun’22 translating to an AUM in excess of INR ~6.5 billion with over 65,000+ active borrowers. Cumulatively, the company has disbursed INR ~20.8 billion to more than 1,90,000 borrowers over the last five years. A strategic roadmap the company ado...
TruCap Finance Ltd. disburses loans worth ~INR 2.61 billion in Q1FY24, takes the total branch count to 103
TruCap Finance Ltd. disburses loans worth ~INR 2.61 billion in Q1FY24, takes the total branch count to 103
Source: PR Agency
12/07/2023 12:55:21 PM
DCB Bank jumps on entering into partnership with Max Life Insurance Company DCB Bank is currently trading at Rs. 127.50, up by 2.40 points or 1.92% from its previous closing of Rs. 125.10 on the BSE. The scrip opened at Rs. 125.20 and has touched a high and low of Rs. 130.25 and Rs. 124.55 respectively. So far 131891 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 141.20 on 13-Dec-2022 and a 52 week low of Rs. 81.00 on 11-Jul-2022. Last one week high and low of the scrip stood at Rs. 1...
DCB Bank jumps on entering into partnership with Max Life Insurance Company
DCB Bank jumps on entering into partnership with Max Life Insurance Company
Source: Accord Fintech
11/07/2023 2:50:19 PM
Max Life partners with DCB Bank Ltd. to offer a comprehensive range of life insurance solutions Max Life Insurance Company Ltd. (“Max Life” / “Company”) announces its partnership with DCB Bank Ltd. (DCB Bank/ the Bank), a new-generation private sector bank in India. Through this collaboration, Max Life and DCB Bank will provide a variety of life insurance products to the Bank's customers, including term, savings, and retirement plans, allowing them to protect their financial future and expand their investment portfolio. DCB Bank is a new-generation private...
Max Life partners with DCB Bank Ltd. to offer a comprehensive range of life insurance solutions
Max Life partners with DCB Bank Ltd. to offer a comprehensive range of life insurance solutions
Source: PR Agency
11/07/2023 2:42:40 PM
DCB Bank announces allotment of Tier II Bonds on private placement basis DCB Bank Limited today announced the successful issue and allotment of 9.35% Unsecured, Subordinated, Non-Convertible, Fully Paid-Up, Taxable, Redeemable, Basel III Compliant Tier II Bonds of face value of Rs.1,00,00,000/- (Rupees One Crore Only) each, on a private placement basis, aggregating to Rs. 300 Crore. The Bonds shall be redeemed in accordance with the terms of issue on its original maturity of 10 years, however, a Call Option may be exercised at the sole discretion of the Bank on or...
DCB Bank announces allotment of Tier II Bonds on private placement basis
DCB Bank announces allotment of Tier II Bonds on private placement basis
Source: PR Agency
29/03/2023 10:59:24 AM
Buy DCB Bank Ltd For Target Rs.146 - Anand Rathi Shares and Stock Brokers Decent quarter, RoA to hold near 1%; maintaining a Buy Higher opex counterbalanced DCB Bank’s strong NII growth, keeping the C/I ratio above 60%; benign credit cost, however, aided profitability, with the RoA coming near ~1%. Higher slippages kept asset quality under pressure. Key positives for the quarter were 1) collection efficiency improving across key segments, 2) strong recoveries/upgrades, 3) decline in stress across core segments (excl. Corp.) and 4) strong traction in disbur...
Buy DCB Bank Ltd For Target Rs.146 - Anand Rathi Shares and Stock Brokers
Buy DCB Bank Ltd For Target Rs.146 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
22/02/2023 11:04:51 AM
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities An All-Round Budget Delivering On All Aspirations Our honourable Finance Minister Nirmala Sitaraman presented the Union Budget 2023-34 today. Being the last full-year budget before the Union Election in 2024, the expectations from the Budget were naturally high and hence it was expected to be a growth-oriented budget. Against this backdrop, the Union Budget 2023-24 indeed lived up to its expectations, which was driven primarily by capital expenditure while simultaneously providing an adequ...
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities
Source: Axis Securities Ltd
2/02/2023 3:44:06 PM
DCB Bank moves up on reporting 51% rise in Q3 net profit DCB Bank is currently trading at Rs. 113.95, up by 0.45 points or 0.40% from its previous closing of Rs. 113.50 on the BSE. The scrip opened at Rs. 115.65 and has touched a high and low of Rs. 116.25 and Rs. 113.30 respectively. So far 46608 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 141.20 on 13-Dec-2022 and a 52 week low of Rs. 68.05 on 24-Feb-2022. Last one week high and low of the scrip stood at Rs. 12...
DCB Bank moves up on reporting 51% rise in Q3 net profit
DCB Bank moves up on reporting 51% rise in Q3 net profit
Source: Accord Fintech
30/01/2023 10:21:49 AM
India central bank's new proposal on loan loss provisions to raise bank capital needs The Indian central bank's discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements for lenders, analysts said. On Monday evening, the Reserve Bank of India released the paper proposing a shift away from the current method - where loan loss provisions are made after a default - to one where banks will need to assess the probability of default upfront and provision accordingly. The potential impact of a ...
India central bank's new proposal on loan loss provisions to raise bank capital needs
India central bank's new proposal on loan loss provisions to raise bank capital needs
Source: Reuters
17/01/2023 9:42:12 AM
DCB Remit: New Year Offer - Send money abroad at a competitive rate Resident Indians can transfer funds in six currencies to over 20 countries using DCB Remit & receive up to 20 paise off per rupee This festive season gets merrier as DCB Bank offers a special offer of up to 20 paise off per Rupee to transfer funds before 15th January 2023. Resident Indians can use DCB Remit online service to send money via net banking to the designated countries from any bank account in India. Any citizen can seamlessly transfer funds to any person who may have t...
DCB Remit: New Year Offer - Send money abroad at a competitive rate
DCB Remit: New Year Offer - Send money abroad at a competitive rate
Source: PR Agency
5/01/2023 5:22:56 PM
Neutral DCB Bank Ltd For Target Rs.125 - Yes Securities DCB remains the least preferred bank in our coverage Result Highlights * Asset quality: Gross NPA addition amounted to Rs 4.55bn(annualised slippage ratio of 5.8%) but recoveries and upgrades were also healthy at Rs 4.53bn * Margin picture: NIM at 3.88% was up 27bps/51bps QoQ/YoY, sequentially higher due to rise in yield on advances as against fall in cost of funds * Asset growth: Advances grew 5.0%/16.5% QoQ/YoY driven sequentially by all segments except CV, Gold Loans and Co-len...
Neutral DCB Bank Ltd For Target Rs.125 - Yes Securities
Neutral DCB Bank Ltd For Target Rs.125 - Yes Securities
Source: Yes Securities Ltd
9/11/2022 3:05:24 PM
DCB Bank : Decent quarter, earnings to pick up; maintaining a Buy - Anand Rathi Share and Stock Brokers Decent quarter, earnings to pick up; maintaining a Buy Strong growth in NII was counterbalanced by higher opex, keeping C/I ratio above 60%; however, benign credit cost aided profitability with RoA coming at ~1%. Higher slippages kept asset quality under pressure. Key positives for the quarter were 1) collection efficiency near pre-Covid levels, 2) strong recoveries/upgrades, 3) decline in stress across core segments (excl. Corp.) and 4) strong pick-up in disbursements in its core mortgage...
DCB Bank : Decent quarter, earnings to pick up; maintaining a Buy - Anand Rathi Share and Stock Brokers
DCB Bank : Decent quarter, earnings to pick up; maintaining a Buy - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
8/11/2022 12:14:55 PM
Buy DCB Bank Ltd For Target Rs.145 - ICICI Securities Improving visibility on credit growth revival – the key catalyst for next leg of rerating DCB Bank’s (DCB) credit growth trajectory was impacted sharply during the past three years due to corporate book consolidation in FY19 and pandemic between FY20-FY22. Credit growth decelerated to 7% CAGR during FY19-FY22 vs 24% CAGR through FY14-FY19. Notably, despite the subdued growth in credit, profitability broadly remained stable as reflected in the average RoA of 0.9% annually betwee...
Buy DCB Bank Ltd For Target Rs.145 - ICICI Securities
Buy DCB Bank Ltd For Target Rs.145 - ICICI Securities
Source: ICICI Securities Ltd
20/09/2022 12:28:50 PM
Neutral DCB Bank Ltd For Target Rs.90 - Motilal Oswal Financial Services Weak operating performance; loan growth seeing a recovery Restructured portfolio remains elevated ~6.1% of loans ? DCBB reported a weak operating performance, led by miss on both NII/PPOP, while PAT came in healthy at INR970m (up 188% YoY; 6% beat) on the back of lower provisions. NIM moderated sharply by 32bp QoQ to 3.61%. On the business front, advances/deposits grew by ~18%/15% YoY. ? Slippages increased sharply to INR5.7b (v/s INR3.8b in 4QFY22). However, healthy upgrades resulte...
Neutral DCB Bank Ltd For Target Rs.90 - Motilal Oswal Financial Services
Neutral DCB Bank Ltd For Target Rs.90 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
14/09/2022 11:44:47 AM
Axis Top Picks For The Week : Asahi India Glass Ltd, Indo Count Industries Ltd, DCB Bank Ltd, Aditya Birla Fashion and Retail Ltd Asahi India Glass Limited • On the weekly time frame the stock has decisively broken out eight months “cup & handle” breakout at 600 levels on a closing basis . This breakout is accompanied with huge volumes indicating increased participation • The stock is well placed above 20, 50, 100 and 200 day SMA’s which reconfirms bullish trend • On the daily and the weekly time frame, the stock is in strong up trend forming a series of higher tops and bott...
Axis Top Picks For The Week : Asahi India Glass Ltd, Indo Count Industries Ltd, DCB Bank Ltd, Aditya Birla Fashion and Retail Ltd
Axis Top Picks For The Week : Asahi India Glass Ltd, Indo Count Industries Ltd, DCB Bank Ltd, Aditya Birla Fashion and Retail Ltd
Source: Axis Securities Ltd
28/08/2022 5:48:57 PM
Neutral DCB Bank Ltd For Target Rs.95- Centrum Broking Margin decline and opex rise not comforting Result Highlights * Asset quality: Gross slippages amounted to Rs 5.71bn (annualized slippage ratio of 7.9%) but recoveries and upgrades were also healthy at Rs 5.70bn * Margin picture: NIM at 3.61% was down -32bps QoQ, sequentially lower due to excess liquidity that had to be maintained at the beginning of the quarter * Asset growth: Advances grew 2.5%/16.9% QoQ/YoY driven sequentially by all segments except co-lending * Opex control...
Neutral DCB Bank Ltd For Target Rs.95- Centrum Broking
Neutral DCB Bank Ltd For Target Rs.95- Centrum Broking
Source: Yes Securities Ltd
26/08/2022 12:10:35 PM
DCB Bank increases MCLR rate DCB Bank after the market hours on Friday announced an upward revision of marginal cost of funds based lending rate (MCLR) by 23 basis points across different tenors. The private sector bank revised the overnight MCLR from 8.28% to 8.51%, one month MCLR from 8.28% to 8.51%, three months MCLR from 8.98% to 9.21%, six months MCLR from 9.18% to 9.41% and one year MCLR from 9.23% to 9.46%. The revised rates will be effective from 6 June 2022. DCB Bank is a private sector bank with 400 branches...
DCB Bank increases MCLR rate
DCB Bank increases MCLR rate
Source: Dion Global Solutions Ltd
6/06/2022 11:19:42 AM
DCB Bank trades higher on the BSE DCB Bank is currently trading at Rs. 81.55, up by 1.05 points or 1.30% from its previous closing of Rs. 80.50 on the BSE. The scrip opened at Rs. 82.00 and has touched a high and low of Rs. 82.30 and Rs. 81.05 respectively. So far 26303 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.45 on 17-Jun-2021 and a 52 week low of Rs. 68.05 on 24-Feb-2022. Last one week high and low of the scrip stood at Rs. 85.45 a...
DCB Bank trades higher on the BSE
DCB Bank trades higher on the BSE
Source: Accord Fintech
10/05/2022 10:37:41 AM
DCB Bank surges on reporting 46% rise in Q4 net profit DCB Bank is currently trading at Rs. 84.40, up by 6.35 points or 8.14% from its previous closing of Rs. 78.05 on the BSE. The scrip opened at Rs. 81.50 and has touched a high and low of Rs. 84.95 and Rs. 80.15 respectively. So far 186925 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.45 on 17-Jun-2021 and a 52 week low of Rs. 68.05 on 24-Feb-2022. Last one week high and low of the scrip stood at Rs. 81.20 ...
DCB Bank surges on reporting 46% rise in Q4 net profit
DCB Bank surges on reporting 46% rise in Q4 net profit
Source: Accord Fintech
9/05/2022 11:12:24 AM
Buy DCB Bank Ltd For Target Rs.130 - Centrum Broking Beat on PPoP; provisions may moderate DCB Bank (DCB) saw a good quarter with a beat on operating numbers. NII was ahead driven by NIM due to lower funding cost as healthy CASA accretion continues while loan growth is coming back. Disbursal momentum continued, led by mortgage, corporate, co-lending and AIB. DCB intends to double the balance sheet in 3-4 years. Deposit mix further improved with CASA+RTD making up for 88% of deposits (a year ago 82%). While GNPA was higher led by gross slippa...
Buy DCB Bank Ltd For Target Rs.130 - Centrum Broking
Buy DCB Bank Ltd For Target Rs.130 - Centrum Broking
Source: Centrum Broking Ltd
16/02/2022 9:33:46 AM
Key News - DCB Bank Ltd, Jindal Steel and Power Ltd ,Robert Bosch ,Bharti Airtel , GAIL By ARETE Securities Key News DCB Bank Q3 net down 21.9% YoY to Rs 75 cr as other income falls Private lender DCB Bank's net profit fell by 21.9 per cent year on year (YoY) at Rs 75 crore for the third quarter ended December 2021 (Q3FY22) on fall in other income. The net profit was Rs 96 crore in Q3FY21. Sequentially, net profit rose marginally from Rs 65 crore in the second quarter ended September 2021 (Q2FY22). After Covid-19 second wave impact in first quarter FY22, net profit has been improving b...
Key News - DCB Bank Ltd, Jindal Steel and Power Ltd ,Robert Bosch ,Bharti Airtel , GAIL By ARETE Securities
Key News - DCB Bank Ltd, Jindal Steel and Power Ltd ,Robert Bosch ,Bharti Airtel , GAIL By ARETE Securities
Source: ARETE Securities Ltd
10/02/2022 9:26:50 AM
Add DCB Bank Ltd For Target Rs.99 - Yes Securities Result Highlights * Asset quality: Gross slippages amounted to Rs 4.14 (annualized slippage ratio of 6.3%) but recoveries and upgrades were also healthy at Rs 3.97bn * Margin picture: NIM at 3.37% was up 6 QoQ, with excess liquidity and stress accretion limiting the benefit from spread expansion * Asset growth: Advances grew 5.3%/7.9% QoQ/YoY driven sequentially by gold loans, of which co-lending was the main driver * Opex control: Total opex rose 8.0%/22.0% QoQ/YoY, employee expe...
Add DCB Bank Ltd For Target Rs.99 - Yes Securities
Add DCB Bank Ltd For Target Rs.99 - Yes Securities
Source: Yes Securities Ltd
5/11/2021 9:59:55 AM
Hold DCB Bank Ltd For Target Rs.100 - ICICI Direct Slippages elevated, overall recovery to remain gradual About the stock: DCB Bank is a new generation private sector bank offering a comprehensive range of financial products and has a niche in mortgage lending. * Mortgage forms 43% of total loans while SME contributes 10% * The bank has 354 branches, 402 ATMs across 19 states, three UTs in India   Q1FY22 Results: DCB’s PAT was marred by high credit cost and a tepid topline. * NII growth flattish YoY at | 309 crore...
Hold DCB Bank Ltd For Target Rs.100 - ICICI Direct
Hold DCB Bank Ltd For Target Rs.100 - ICICI Direct
Source: ICICI Direct
1/10/2021 11:33:41 AM
Buy DCB Bank Ltd : Fresh slippages elevated; visibility on growth improving - ICICI Securities Buy DCB Bank Ltd For Target Rs.130 Fresh slippages elevated; visibility on growth improving DCB Bank’s (DCB) Q1FY22 earnings were QoQ lower at Rs337mn due to higher provision at Rs1.5bn vs Rs1bn in Q4FY21, 43% QoQ decline in disbursements, and 28bps QoQ NIM contraction. Higher interest reversal and excess liquidity on balance sheet adversely impacted NIMs. While fresh slippages remained elevated at Rs5bn, recoveries/upgrades witnessed sharp improvement to Rs2.5bn vs and the s...
Buy DCB Bank Ltd : Fresh slippages elevated; visibility on growth improving - ICICI Securities
Buy DCB Bank Ltd : Fresh slippages elevated; visibility on growth improving - ICICI Securities
Source: ICICI Securities
22/09/2021 10:37:16 AM
Neutral DCB Bank Ltd : Weak operating performance; asset quality remains under pressure - Motilal Oswal Neutral DCB Bank Ltd For Target Rs.100 Weak operating performance; asset quality remains under pressure Restructured book increases to ~5.4% of loans * DCB Bank (DCBB) reported a weak operating performance, affected by higher slippage, sluggish NII growth, and elevated provisions. NIMs declined 15bp QoQ to 3.31%, impacted by high interest reversals and excess liquidity. On the business front, advances declined ~2% QoQ, while retail TD grew 17% YoY. * Asset quality deteriorated fu...
Neutral DCB Bank Ltd : Weak operating performance; asset quality remains under pressure - Motilal Oswal
Neutral DCB Bank Ltd : Weak operating performance; asset quality remains under pressure - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
15/09/2021 9:55:54 AM
Reduce DCB Bank Ltd For Target Rs. 101 - Yes Securities Result Highlights * Asset quality: Annualized slippage ratio for 1QFY22 was elevated at 8.0%, with management stating that extrapolating first quarter slippages was inappropriate * Margin picture: NIM at 3.31% was down 15 bps QoQ primarily due to elevated interest reversals, which were caused by elevated slippages * Asset growth: Advances de-grew/grew -1.8%/1.7% QoQ/YoY supported only by mortgages, which displayed minor sequential growth * Opex control: Total opex de-grew/grew -5....
Reduce DCB Bank Ltd For Target Rs. 101 - Yes Securities
Reduce DCB Bank Ltd For Target Rs. 101 - Yes Securities
Source: Yes Securities Ltd
11/08/2021 9:37:18 AM
Add DCB Bank Ltd For Target Rs.110 - Centrum Broking Weak quarter, but recoveries were healthy DCB Bank’s (DCB) earnings were weak, driven by NII/NIM miss, in turn led by interest reversals, higher interest cost, and provisioning spike. Lower NII was partly offset by higher treasury gains while opex was in-line, though PPoP was a miss. While credit flow was marred in Q1FY22, July’21 saw good momentum and DCB expects a 10-12% credit growth in FY22. Gross slippage ratio spiked to 8.2% but recoveries in Q1FY22 were strong at Rs2....
Add DCB Bank Ltd For Target Rs.110 - Centrum Broking
Add DCB Bank Ltd For Target Rs.110 - Centrum Broking
Source: Centrum Broking Ltd
10/08/2021 11:56:25 AM
Neutral DCB Bank Ltd For Target Rs.100 - Motilal Oswal Asset quality deteriorates; business growth under pressure Credit cost to remain high; restructuring book high ~4.3% * DCBB reported a weak operating performance, impacted by higher interest reversals, even as provisions fell sequentially, which supported earnings. Business growth continues to remain under pressure. The management guided for loan growth to remain subdued over the next few quarters due to the surge in COVID-19 cases and lockdowns in key states. * Asset quality deterio...
Neutral DCB Bank Ltd For Target Rs.100 - Motilal Oswal
Neutral DCB Bank Ltd For Target Rs.100 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
29/05/2021 12:03:08 PM
Buy DCB Bank Ltd For Target Rs. 110 - ICICI Direct Meets guidance on NPA but stay conservative DCB Bank posted moderation in operating performance due to interest reversals on NPA recognition, deterioration in asset quality on proforma basis and tepid business growth. Net interest income was down 7% QoQ, 4% YoY to | 311 crore due to reversal of interest worth | 37 crore due to NPA recognition and | 10 crore towards interest on interest relief. Net interest margin (NIM) dipped from 29 bps sequentially to 3.5% as yields declined due to in...
Buy DCB Bank Ltd For Target Rs. 110 - ICICI Direct
Buy DCB Bank Ltd For Target Rs. 110 - ICICI Direct
Source: ICICI Direct
25/05/2021 12:09:50 PM
Stock Picks - Buy DCB Bank Ltd For Target Rs. 112 - ICICI Direct Technical Observations The stock has recently rebounded after forming a higher base at the 80% retracement of the previous up move (| 76-126) and has generated a breakout above the falling channel containing last three months decline signalling resumption of the up move We expect the stock to continue with its current up move and head towards | 112 levels in the coming weeks as it is the 61.8% retracement of the previous decline (|126-86) placed at | 112 levels The stock has already ...
Stock Picks - Buy DCB Bank Ltd For Target Rs. 112 - ICICI Direct
Stock Picks - Buy DCB Bank Ltd For Target Rs. 112 - ICICI Direct
Source: ICICI Direct
21/05/2021 11:08:10 AM
Sell DCB Bank Ltd For Target Rs.75 - Emkay Global Weak growth, asset-quality risk set to persist * Amid sub-par credit growth, muted margins and asset-quality risk coming to the fore, DCB Bank reported a beat on PAT at Rs0.78bn (est. Rs0.57bn), mainly due to better core fee income and under-provisioning. The bank carries a Covid-19 contingent buffer of 0.5% of loans, which looks sub-par given the elevated potential stress. * Reported GNPA stands high at 4.1% vs. pro forma GNPA of 3.7% in Q3 due to lower recoveries, while the restructur...
Sell DCB Bank Ltd For Target Rs.75 - Emkay Global
Sell DCB Bank Ltd For Target Rs.75 - Emkay Global
Source: Emkay Global Financial Services Ltd
13/05/2021 9:11:25 AM
Buy DCB Bank Ltd For Target Rs. 123 - LKP Securities Price Analysis: DCB bank’s 3QFY20 earnings demonstrated sequentially lower provisioning expenses (₹1.0bn v/s ₹1.47n in 3QFY21) and net profit of ₹779mn; down by 19% sequentially. The headline PCR decreased sequentially to 6.4% as fresh slippages remained high. Pursuant to the Supreme Court’s directive, the bank has resumed NPA recognition and reported slippages of ₹6.67bn, higher write-offs (₹518mn v/s ₹394mn in 3QFY21) and muted advance growth have resulted in GNPA ratio (4...
Buy DCB Bank Ltd For Target Rs. 123 - LKP Securities
Buy DCB Bank Ltd For Target Rs. 123 - LKP Securities
Source: LKP Securities Ltd
11/05/2021 9:11:49 AM
Key News - DCB Bank Ltd, Bandhan Bank Ltd, DMart, Dabur India Ltd, UltraTech Cement Ltd by ARETE Securities Key News DCB Bank net profit rises 13% to Rs 78 crore in January-March quarter Private lender DCB Bank on Saturday reported a 13 per cent increase in net profit to Rs 78 crore for the January-March quarter compared to that of Rs 69 crore in the year-ago quarter. Total income of the bank during the January-March quarter of 2020-21 fell to Rs 971 crore from Rs 1,012 crore in the same quarter of 2019-20, DCB Bank said in a regulatory filing. The income from interest as well as from investm...
Key News - DCB Bank Ltd, Bandhan Bank Ltd, DMart, Dabur India Ltd, UltraTech Cement Ltd by ARETE Securities
Key News - DCB Bank Ltd, Bandhan Bank Ltd, DMart, Dabur India Ltd, UltraTech Cement Ltd by ARETE Securities
Source: ARETE Securities Ltd
10/05/2021 9:15:29 AM
Key News - Nestle India. Gateway Rail Freight, Adani Enterprises, DCB Bank by ARETE Securities Key News Nestle India March qtr profit up 14.6% on double-digit sales growth Packaged food major Nestle India reported a 14.6 per cent jump in its net profit for the January-March quarter, backed by double-digit growth in domestic sales and muted rise in raw material costs compared to the corresponding quarter last year. The firm’s net profit for the quarter stood at Rs 602 crore, up from Rs 525 crore in 2020. Its net sales surged 8.9 per cent year-on-year to Rs 3,600 crore from ...
Key News - Nestle India. Gateway Rail Freight, Adani Enterprises, DCB Bank by ARETE Securities
Key News - Nestle India. Gateway Rail Freight, Adani Enterprises, DCB Bank by ARETE Securities
Source: ARETE Securities Ltd
22/04/2021 9:52:59 AM
DCB Bank acquires 9% equity stake in Techfino Capital Private sector lender DCB Bank Ltd on Wednesday said that it has acquired a minority equity stake of around 9 per cent in Techfino Capital Private Ltd (TCPL). Techfino is a Bengaluru-based Non-Banking Financial Company (NBFC) which provides customised consumer loans in education and healthcare sectors through its modern technology platform. It is present in key metros and tier-II cities across India. Narendranath Mishra, Head Agri and Inclusive Banking, DCB Bank, said: "DCB Bank &a...
DCB Bank acquires 9% equity stake in Techfino Capital
DCB Bank acquires 9% equity stake in Techfino Capital
Source: IANS
22/04/2021 8:37:03 AM
Sell DCB Bank Ltd For Target Rs.95 - Emkay Global Growth to remain elusive as elevated asset quality risks persist * Amid sub-par credit growth and elevated provisions with asset quality risk coming to fore, DCB reported a beat on PAT at Rs0.96bn (est. Rs0.55bn) mainly due to higher treasury income. We believe that subdue growth and ensuing interest reversals on NPA could weigh on NIMs/core earnings. * Proforma GNPA stood high at 3.7%, while the restructured pool stood at Rs6.9bn (2.7% of loans). This coupled with continued sub-par co...
Sell DCB Bank Ltd For Target Rs.95 - Emkay Global
Sell DCB Bank Ltd For Target Rs.95 - Emkay Global
Source: Emkay Global Financial Services Ltd
5/02/2021 11:16:37 AM
Neutral DCB Bank Ltd For Target Rs.110 - Motilal Oswal Collection efficiency trailing peers; pro-forma asset quality deteriorates Credit cost to remain high as asset quality outlook under watch * DCBB reported strong earnings in 3QFY21, aided by high treasury income and controlled opex. This, even as provisions stood elevated at INR1.5b, as the bank made further COVID-related provisions of INR861m, taking the total provisions to INR2.29b (~1% of loans). Business growth remains under pressure. The management expects loan growth to remain s...
Neutral DCB Bank Ltd For Target Rs.110 - Motilal Oswal
Neutral DCB Bank Ltd For Target Rs.110 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/01/2021 1:46:52 PM
Add DCB Bank Ltd For Target Rs.157 - HDFC Securities Provisioning cushion emerges ahead of expectations DCBB’s 3QFY21 earnings were significantly ahead of estimates on account of strong treasury gains and CoF tailwinds, despite higher-than-anticipated provisions. We’ve revised our earnings estimates to factor in a slight improvement in margins and a higher non-interest income trajectory. We maintain ADD with a target price of Rs 157 (1.2xFY23E). Inexpensive valuations and the bank’s conservative approach to lending, underp...
Add DCB Bank Ltd For Target Rs.157 - HDFC Securities
Add DCB Bank Ltd For Target Rs.157 - HDFC Securities
Source: HDFC Securities Ltd
26/01/2021 12:18:10 PM