Buy DCB Bank; target of Rs 155 Prabhudas Lilladher
Mon, Oct 28, 2024 12:15 PM

Buy DCB Bank; target of Rs 155 Prabhudas Lilladher

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Prabhudas Lilladher's research report on DCB Bank: DCB Bank saw a mixed quarter. Core PAT was lower than PLe by 9.0%, led by lower margins and higher provisions. However, loan growth was better than PLe by 1%, and fee income has also improved. Guidance to double loans over 3-4 years is intact, and credit growth would be led by mortgages, MSME, gold, co-lending and AIB.

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