Buy DCB Bank; target of Rs 110: Dynamic Levels

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26 Aug, 2025 12:21

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Dynamic Levels research report on DCB BankIn 1930 Ismailia Co-operative Bank Limited and the Masalawala Co-operative Bank merged together to form Development Co-operative Bank, later changed to Development Credit Bank. Reserve Bank of India granted it scheduled bank license in May 1995. Development Credit Bank Ltd. Launched its IPO in 2006. Bank got its new name DCB in January 2014 after regulatory approval. DCB Bank has a highest number of branches in Maharastra with 43 branches in which 28 branches are in Mumbai & suburbs. DCB Bank has 25 branches in Gujarat, 20 Branches in Odisha, 13 in Telangana, 16 in Madhya Pradesh. DCB bank has 6 branches in Andhra Pradesh, 1 branch Bihar, 9 branches in Chattisgarh, 4 branches in Goa, 14 in New Delhi, 10 in Punjab, 9 in Chattisgarh, 9 in Karnataka, 8 branches in Tamil Nadu, 7 in Rajasthan, 6 in Andhra Pradesh, 6 in Haryana, 3 in Uttar Pradesh, 3 in West Bengal, 1 branch in Kerela and 1 branch in Bihar.We recommend BUY in DCB Bank @ 88-90 with the Target of 110 as the strategy to expand by increasing the branches to 300 in 24 months is expected to generate good retuns in long term.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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