{"id":7649,"date":"2015-06-12T13:18:25","date_gmt":"2015-06-12T07:48:25","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=7649"},"modified":"2015-07-02T17:22:58","modified_gmt":"2015-07-02T11:52:58","slug":"dcb-bank-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/dcb-bank-ltd\/7649","title":{"rendered":"DCB Bank Ltd."},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"color: #000000;\">DCB Bank post the organisational re-structuring in 2009, has grown at a healthy pace, focussing on growth as well as profitability. DCB Bank emerged as a new generation private sector bank with 134 branches across 15 states and 2 union territories. Considering its healthy loan book growth, superior asset quality, stable NIM and steady branch network expansion, we believe DCB Bank is well poised to continue its growth trajectory.\u00a0<\/span><\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/LP\/equity\/equities1.do?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><b>Valuation and view<\/b><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">DCB Bank has delivered another strong operating performance since last five years, on account of granular credit profile and healthy liability franchise. Given the bank\u2019s relentless focus on improving asset management practices and adequate collateral cover, we expect the bank to maintain best asset quality among its peers. With strong balance sheet growth, we expect DCB Bank to grow much faster than its peers. Thus, we believe that better visibility of profitable growth along with stable asset quality &amp; improving return ratios instils further confidence in the stock. Hence considering the improving fundamentals &amp; strong growth prospects, we remain positive on the stock.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">We initiate BUY rating on DCB Bank. At a current CMP of Rs 126, DCB Bank is currently trading at P\/BV of 1.9x for FY16E and 1.6x for FY17E. Considering the bank\u2019s strong fundamentals, we recommend \u2018BUY\u2019 with a target price of Rs 148, which implies potential upside of ~18% to the CMP from 1 year perspective.<\/span><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/06\/Research-Report-DCB-Bank-Ltd.pdf\">Research Report DCB Bank Ltd<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DCB Bank post the organisational re-structuring in 2009, has grown at a healthy pace, focussing on growth as well as profitability. DCB Bank emerged as a new generation private sector bank with 134 branches across 15 states and 2 union territories. Considering its healthy loan book growth, superior asset quality, stable NIM and steady branch [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DCB Bank Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on DCB Bank Ltd. 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