BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
FY22 started on a disruptive note with the Covid 2.0 significantly impacting the business activities and cash flows of DCB Bank Ltd.’s core customer base (self-employed segment).
It derailed the bank’s collection efforts as well. Asset quality woes emerged in the absence of a blanket moratorium and the restructured book increased sharply.
However, with the bank’s unabated focus on collections and adoption of a cautious approach to growth, DCB Bank exited FY22 with a strong recovery pipeline and moderating slippages.
This hints at a strong asset quality improvement going forward along with promising credit growth prospects.
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