Shares of DCB Bank rallied 5% to ₹177.45 and were trading at its highest level since February 2020.
Foreign banks have bought up to 60% stake in Yes Bank and RBL Bank; will these deals help Indian private bank stocks outperform PSU banks in coming months? Here's what technical charts suggest.
South Indian Bank, Federal Bank, AU SFB and RBL Bank hit their respective 52-week highs on the BSE in intra-day trade on Monday on the back of strong earnings and RBL Bank deal.
The buying on the counter came after the RBI approved Aga Khan Fund for Economic Development S.A (AKFED) to acquire 60,58,394 equity shares of DCB Bank through a preferential issue
DCB Bank MD & CEO Praveen Kutty outlines plans to double loan book, manage costs, and raise capital by Q2FY27, while navigating MFI stress and shifting lending strategy
Analysts on private banks: Overall, asset quality outlook is stable to positive, except for the unsecured retail loans and MFI segment; but it appears that stress in unsecured segment has peaked out.