DCB Bank update:
Plan of action:
1. Doubling balance sheet size in next 36 months from the base of ~Rs16000 crores
2. Adding 150 branches over next 24 months instead of 12 months planned earlier.
3. Cost to income ration not to rise above 66.3%
Targets:
1. ROE of 14%+ by FY19
2. Cost/Income ratio of ~55% by FY19
Source:
Company announcement: http://www.bseindia.com/corporates/anndet_new.aspx?newsid=fbc1253e-c95e-44bc-8bdc-da25600731a8
Investor presentation: http://corporates.bseindia.com/xml-data/corpfiling/AttachHis/48BC7F77_B937_4DFB_AEF1_F1B8740DCDB4_170112.pdf
Note: The above is not a research report but information as available on public domain and it should not be treated as a research report.
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure: It is safe to assume that I might have the stock in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.
