POS­I­TIVE PAT

Dhan­laxmi Bank BSE Code: 532180 CMP: ₹ 36

Dalal Street Investment Journal - - KERBSIDE -

Dhan­laxmi Bank re­ported a pos­i­tive PAT in FY17 af­ter three con­sec­u­tive years of net losses. The bank also re­ported a 9 per cent growth in NII on a YOY ba­sis. Its CASA ra­tio also im­proved to 29.44 per cent from 25.03 per cent over the last one year. Also, the as­set qual­ity prob­lems seem to be be­hind and bar­ring 2-3 ac­counts, the bank has largely rec­og­nized all the stressed loans. A good time to get into this stock.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.