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DCB Bank's Tailored Solutions for Senior Citizens To provide superior financial benefits for senior citizens, DCB Bank is showcasing its Senior Citizen Fixed Deposit scheme, Tax Saver Fixed Deposit, and the innovative DCB Health Plus Fixed Deposit. These offerings are designed to address the specific needs of individuals aged 60 and above, combining competitive interest rates, tax advantages, and additional health-related benefits to enhance financial security and well-being for retirees   DCB Fixed Deposit for senior citizens&nbs...
DCB Bank's Tailored Solutions for Senior Citizens
DCB Bank's Tailored Solutions for Senior Citizens
Source: PR Agency
2024-08-27 09:40:15 am
Add DCB Bank Ltd For Target Rs.150 by Yes Securities Our view – NIM deteriorates due to regulatory changes, but business growth healthy Net Interest Margin - NIM adversely impacted on sequential basis largely due to change in regulations: NIM at 3.39% was down -23bps/-44bps QoQ/YoY, sequentially lower due to repricing of deposits and certain changes in regulation relating to penal interest and date of charging of interest. The yield on advances has fallen -21bps QoQ to 11.50% for 1Q. However, the management has maintained its NIM guida...
Add DCB Bank Ltd For Target Rs.150 by Yes Securities
Add DCB Bank Ltd For Target Rs.150 by Yes Securities
Source: Yes Securities Ltd.
2024-08-02 03:54:41 pm
DCB Bank announces first Quarter FY 2025 Results - The Bank`s Profit After Tax (PAT) for Q1 FY 2025 was at INR 131 Cr. In comparison Profit After Tax for Q1 FY 2024 was at INR 127 Cr. growth of 3%. Notable points: 1) The Bank’s Profit After Tax (PAT) for Q1 FY 2025 was at INR 131 Cr. In comparison Profit After Tax for Q1 FY 2024 was at INR 127 Cr., growth of 3%. 2) Advances growth year-on-year was at 19% and Deposit growth year-on-year was at 20%. 3) The Gross NPA as on June 30, 2024 was at 3.33%. Net NPA was at 1.18% as on June 30, 2024. The Provision Coverage Ratio (PCR) as on June 30, 2024 was at 76.00% a...
DCB Bank announces first Quarter FY 2025 Results - The Bank`s Profit After Tax (PAT) for Q1 FY 2025 was at INR 131 Cr. In comparison Profit After Tax for Q1 FY 2024 was at INR 127 Cr. growth of 3%.
DCB Bank announces first Quarter FY 2025 Results - The Bank`s Profit After Tax (PAT) for Q1 FY 2025 was at INR 131 Cr. In comparison Profit After Tax for Q1 FY 2024 was at INR 127 Cr. growth of 3%.
Source: PR Agency
2024-07-25 10:28:48 am
Buy DCB Bank Ltd For Target Rs.175 By Motilal Oswal Financial Services Business growth steady; valuations reasonable Operating leverage to drive RoE recovery * DCB Bank (DCBB) has seen a healthy recovery in loan growth over the past two years after reporting tepid trends over FY20-22. The bank continues to focus on granular retail loans, with the share of mortgages rising to 45% from 41% in Mar’22. * DCBB has maintained NIMs within a healthy range of 3.6-4.0%, aided by a granular liability profile, limited reliance on bulk deposits and an improvi...
Buy DCB Bank Ltd For Target Rs.175 By Motilal Oswal Financial Services
Buy DCB Bank Ltd For Target Rs.175 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-09 04:17:37 pm
Neutral DCB Bank Ltd. For Target Rs. 155 By Motilal Oswal Financial Services NIM expansion and lower provisions drive earnings Asset quality improves * DCB Bank (DCBB) reported 9.5% YoY/23% QoQ growth in PAT to INR1.6b (18% beat) in 4QFY24, driven by a sharp decline in provisions. * NII grew 4% YoY to INR5.1b (up 7% QoQ; 4% beat), aided by 14bp QoQ expansion in margins to 3.62%. * Advances grew 19% YoY, supported by healthy growth in mortgages, agri, and gold loans. Deposits rose 19.7% YoY/4.7% QoQ, led by growth in both CASA and term deposits. CASA mix s...
Neutral DCB Bank Ltd. For Target Rs. 155 By Motilal Oswal Financial Services
Neutral DCB Bank Ltd. For Target Rs. 155 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-14 04:59:24 pm
Buy DCB Bank Ltd. For Target Rs.: 110 - Emkay Global DCB reported a 14% miss on PAT at Rs1.3bn (Emkay: Rs1.5bn) due to lower margins, other income, and one-off provisioning for AIF (Rs45mn). Credit growth remains high at 18% YoY/4% QoQ, with the Retail/Agri book growing at a faster pace. Mortgage remains a dominant portfolio contributor (45%) and growth driver, as the portfolio diversification strategy (CV, GL) largely backfired. CASA ratio remains rigidly lower than peers’ at 26%, despite a higher rate offering which, coupled with the ne...
Buy DCB Bank Ltd. For Target Rs.: 110 - Emkay Global
Buy DCB Bank Ltd. For Target Rs.: 110 - Emkay Global
Source: Emkay Global
2024-04-27 12:19:53 pm
DCB Bank gains on reporting 9% rise in Q4 net profit DCB Bank is currently trading at Rs. 138.20, up by 1.75 points or 1.28% from its previous closing of Rs. 136.45 on the BSE. The scrip opened at Rs. 139.10 and has touched a high and low of Rs. 144.35 and Rs. 133.90 respectively. So far 1580144 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 163.40 on 08-Jan-2024 and a 52 week low of Rs. 101.35 on 27-Apr-2023. Last one week high and low of the scrip stood at Rs....
DCB Bank gains on reporting 9% rise in Q4 net profit
DCB Bank gains on reporting 9% rise in Q4 net profit
Source: Accord Fintech
2024-04-25 02:56:16 pm
Neutral DCB Bank Ltd. For Target Rs.150 By Motilal Oswal Financial Services Margin moderates 21bp QoQ to 3.48% -      DCB Bank (DCBB) reported 11% YoY/flattish QoQ growth in PAT to INR1.3b (in line), led by weak NII growth (6% lower than MOSLe). NII grew 6% YoY to INR4.7b (flat QoQ, 3% lower than MOSLe). NIM continued to moderate 21bp QoQ to 3.48% during the quarter. -      Advances grew 18% YoY, supported by healthy growth in mortgages,&...
Neutral DCB Bank Ltd. For Target Rs.150 By Motilal Oswal Financial Services
Neutral DCB Bank Ltd. For Target Rs.150 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-04-07 09:06:51 am
Add DCB Bank Ltd. For Target Rs.170 By Yes Securities Our view – Asset quality, margin and opex outcomes not satisfactory While gold loan slippages, which are less concerning, made the gross slippage ratio look much worse, the number isn’t great excluding gold loans either: Gross slippage ratio excluding gold loan slippage was at 2.55%. Recoveries and upgrades amounted to Rs 3.39bn for 3QFY24, implying net NPA addition of Rs 0.89bn for the quarter. Total non-tax provisions were Rs 0.41bn, up by 3.3% QoQ and 0.8% YoY, translating t...
Add DCB Bank Ltd. For Target Rs.170 By Yes Securities
Add DCB Bank Ltd. For Target Rs.170 By Yes Securities
Source: Yes Securities Ltd.
2024-04-05 11:41:29 am
DCB Bank offers payment facility for Good and Service (GST) DCB Bank, a new-generation private sector bank, today announced that it had successfully implemented and integrated with the Goods and Service (GST) payment portal. This complements the tax payments facility offered  from DCB Bank that include Income tax, Advance tax, Direct tax and Tax Deduction at Source (TDS) payment . The Direct Tax payment facility was launched last year upon the  Bank’s empanelment  as an Agency Bank for conducting Government business. Integratio...
DCB Bank offers payment facility for Good and Service (GST)
DCB Bank offers payment facility for Good and Service (GST)
Source: PR Agency
2024-03-23 09:06:05 am
Accumulate DCB Bank Ltd For Target Rs. 165 - Elara Capital Characteristically weak quarter Weak core performance; monitor related volatility DCB Bank’s (DCBB IN) Q3 PAT at INR 1.27bn (up 11% YoY/flat QoQ) came in line with estimates, supported by higher other income and curtailed credit cost but underlying core saw softer trends. Core profitability was down >4% QoQ, given 21bps QoQ NIM decline (below the guided range, decline more than peers that have reported earnings thus far). Asset quality trends are s...
Accumulate DCB Bank Ltd For Target Rs. 165 - Elara Capital
Accumulate DCB Bank Ltd For Target Rs. 165 - Elara Capital
Source: Elara Capital
2024-02-16 12:21:40 pm
DCB Bank announces Third Quarter FY 2024 Results - The Bank`s Profit After Tax (PAT) for Q3 FY 2024 is INR 127 Cr - 11% growth YoY Sharing an update on behalf of DCB Bank. The Bank has announced its Q3FY24 results, reporting Profit After Tax (PAT) for Q3 FY 2024 was at INR 127 Cr. In comparison Profit After Tax for Q3 FY 2023 was at INR 114 Cr, registering a growth of 11%. Notable points: ·   Advances growth year-on-year was at 18% and Deposit growth year-on-year was at 19%. ·   The Gross NPA ratio as on December 31, 2023 was at 3.43%. Net NPA ratio...
DCB Bank announces Third Quarter FY 2024 Results - The Bank`s Profit After Tax (PAT) for Q3 FY 2024 is INR 127 Cr - 11% growth YoY
DCB Bank announces Third Quarter FY 2024 Results - The Bank`s Profit After Tax (PAT) for Q3 FY 2024 is INR 127 Cr - 11% growth YoY
Source: PR Agency
2024-01-25 09:13:18 am
DCB Bank Launches Happy Savings Account with Cashback Rewards for UPI Transactions Celebrating the newness of the year. DCB Bank, a new generation private sector bank, is delighted to announce its latest offering, ’DCB Happy Savings Account.’ This innovative account is set to redefine the banking experience, making it both convenient and rewarding for its customers.   Account holders will now have the opportunity to enjoy cashback rewards on their eligible UPI debit transactions within India. The rewards can go as high as  Rupees 7,500 ...
DCB Bank Launches Happy Savings Account with Cashback Rewards for UPI Transactions
DCB Bank Launches Happy Savings Account with Cashback Rewards for UPI Transactions
Source: PR Agency
2024-01-02 05:10:03 pm
DCB Bank trades marginally in green on entering into co-lending business alliance with Easy Home Finance DCB Bank is currently trading at Rs. 126.35, up by 0.15 points or 0.12% from its previous closing of Rs. 126.20 on the BSE. The scrip opened at Rs. 125.85 and has touched a high and low of Rs. 127.10 and Rs. 123.40 respectively. So far 90561 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 136.65 on 18-Dec-2023 and a 52 week low of Rs. 96.70 on 16-Mar-2023. Last one week high and low of the scrip stood at Rs. 13...
DCB Bank trades marginally in green on entering into co-lending business alliance with Easy Home Finance
DCB Bank trades marginally in green on entering into co-lending business alliance with Easy Home Finance
Source: Accord Fintech
2023-12-21 10:38:36 am
Add DCB Bank Ltd For Target Rs.135 - Yes Securities Initiated as a least preferred name 2+ years ago, DCB continues to deliver sub-par outcomes Result Highlights (See “Our View” below for elaboration and insight) ? Asset quality: Gross NPA addition amounted to Rs 3.95bn (annualised slippage ratio of 4.3%) while recoveries and upgrades amounted to at Rs 2.89bn ? Margin picture: NIM at 3.69% was down -14bps/-19bps QoQ/YoY, sequentially lower due to cost of deposits rising more than yield on advances. ? Asset growth: Advan...
Add DCB Bank Ltd For Target Rs.135 - Yes Securities
Add DCB Bank Ltd For Target Rs.135 - Yes Securities
Source: Yes Securities Ltd
2023-11-15 11:09:05 am
Neutral DCB Bank Ltd For Target Rs.130 - Motilal Oswal Earnings in line; asset quality deteriorates slightly Margins moderates 14bp QoQ to 3.69% * DCB Bank (DCBB) reported 13% YoY growth in PAT at INR1.3b (in line) driven by lower provisions (9% lower than MOFSLe). NII grew 16% YoY to INR4.8b (flat QoQ, inline). NIM moderated 14bp QoQ to 3.69% in 2QFY24. * Advances grew 19% YoY, supported by healthy disbursements across segments. Deposits jumped 23% YoY, led by 7% QoQ growth in term deposits. CASA mix moderated 93bp QoQ to 25% in 2QFY24....
Neutral DCB Bank Ltd For Target Rs.130 - Motilal Oswal
Neutral DCB Bank Ltd For Target Rs.130 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2023-11-09 11:11:26 am
DCB Bank announces Second Quarter FY 2024 Results - The Bank`s Profit After Tax (PAT) for Q2 FY 2024 is INR 127 Cr - 13% growth YoY The Board of Directors of DCB Bank Ltd. (BSe:53772; NSE:DCB) at its meeting in Mumbai on october 31,2023,approved the unaudited financial results for quarter ended September 30,2023(Q2 FY 2024) along with limited review report by statutory auditors `Sundaram & Srinivasan, Chartered Accountant'and B S R & Co. LLP, Chartered Accountants'. Highlights: 1) The Banks Profit After Tax (PAT) for Q2 FY 2024 was at INR 127 Cr. In comparison Profit After Tax for Q2 FY 2023 was at ...
DCB Bank announces Second Quarter FY 2024 Results - The Bank`s Profit After Tax (PAT) for Q2 FY 2024 is INR 127 Cr - 13% growth YoY
DCB Bank announces Second Quarter FY 2024 Results - The Bank`s Profit After Tax (PAT) for Q2 FY 2024 is INR 127 Cr - 13% growth YoY
Source: PR Agency
2023-11-01 11:54:01 am