DCB Bank - Came Out Of FY21 Largely Unscathed: Anand Rathi

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Anand Rathi Report

With DCB Bank Ltd.’s target portfolio (50% plus mortgages/small and medium enterprise) and most customers being self-employed, FY21 was anticipated to be a very tough year for the bank, given the underlying stress in small businesses at the macro level.

With a slippage rate for FY21 in line with FY20 and a net restructured book contained below 4%, the bank has done a commendable job, given the trying economic environment.

We expect business activities and recoveries to pick up once pandemic-related restrictions are lifted, and earnings to normalise in the medium term.

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