DCB Bank - Getting Back On Track: Axis Securities

DCB Bank - Getting Back On Track: Axis Securities

<div class="paragraphs"><p>A DCB Bank branch in Mumbai. (Source: BQ Pime)</p></div>
A DCB Bank branch in Mumbai. (Source: BQ Pime)

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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.

Click on the attachment to read the full report:

Axis Securities DCB Bank Annual Analysis Report-FY22.pdf


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