Motilal Oswal recommends 'buy' on Dena Bank
The bank has repriced Rs 1,200 cr deposits in the Q1. In FY10, it is planning to reprice the additional deposits worth Rs 26,000 cr, which will improve on margins.
By ET Bureau |
Market price: Rs 74
Target price: Rs 87
The bank has repriced Rs 1,200 cr deposits in the Q1. In FY10, it is planning to reprice the additional deposits worth Rs 26,000 cr, which will improve on margins.
Dena Bank hopes to offset lower margins by cutting on costs and focusing on fee-based in-come and improving asset quality.
Target price: Rs 87
The bank has repriced Rs 1,200 cr deposits in the Q1. In FY10, it is planning to reprice the additional deposits worth Rs 26,000 cr, which will improve on margins.
Dena Bank hopes to offset lower margins by cutting on costs and focusing on fee-based in-come and improving asset quality.
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