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Bloomberg Quint

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Image Credit: Bloomberg Quint

DCB Bank Gets 'Buy' Upgrade From Nirmal Bang, Sees 30% Potential Upside

  • DCB Bank receives a 'Buy' upgrade from Nirmal Bang with a projected 30% potential upside.
  • DCB Bank maintains its loan growth guidance at 18-20%, surpassing the industry growth rate of 11%, driven mainly by the SME segment.
  • Under the current management, DCB Bank adheres to its risk framework of secured lending, small ticket loans, and granular deposits.
  • SME is identified as the key segment for DCB Bank, focusing on customers from semi-urban India with a monthly income of Rs 50,000.

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