[T.S.R:16857] Development Credit Bank-A Rs 900 crore Market Cap, For Profits of Rs 10 crore?; Sell

Development Credit Bank-Market Cap Rs 900 Crore, 9 month PAT-Rs 10 Cr; GNPA-Rs 3000 crore

 

Equity Rs 200 crore

PAT to December 2010-Rs 10 crore

GNPA-Rs 2970 crore

NetNPA-Rs 515 cr

 

Market Cap-Rs 900 crore?

 

For What?

 

Other Points:

 

Increase in NPAs and provisions mainly on account of unsecured personal loans, commercial vehicle, construction equipment and a few corporate loans.

Decrease in size of balance sheet negatively impacting core income

Cost structure created to support accelerated retail loans growth

Rating downgrades impacting borrowing 

Top heavy organization

Dependence on bulk deposits

 

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.

 

Nothing in this article is, or should be construed as, investment advice.

 

 

 

 

 

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