SP Tulsian's view on Dhanlaxmi Bank

SP Tulsian, sptulsian.com shares his view on Dhanlaxmi Bank.

Tulsian told CNBC-TV18, "In Dhanlaxmi Bank, I think the change of management is now making the skeletons to come out of the closet and if you see the asset quality I think the losses whatever has come has come mainly on account of the asset quality and that pain is going to remain may be for next two more quarters and till that time the new management really have a grip on the working."
He further added, "I think you are going to see this kind of problem on the operational performance but that does not mean that the share price will keep correcting because if you take the valuations per branch or the business model they have, I think the stock already looks to have bottomed out inspite of all this fear of the poor asset quality and the provisioning which we have seen in this result."