Best Pick in Banking Space:

DHANLAXMI BANK LTD

DBL is 90 year old bank

Board of Directors consist of experienced professionals including CAs, Company Secretary, exRBI, ex-Canara Bank etc

*DBL has 273 branches*

DBL fell into trouble due to wrong selection of top managerial personnel who did extensive damage
Thereafter overhaul of Top management has led to strong Turnaround of it's operations

1) DBL has made *NP of 12.38cr in FY17 vs Loss of 209cr in FY16*

2) Gnpa have reduced significantly significantly​ at *4.78%*

3) Nnpa have come down to *2.58%*

4) CAR is 11% which in May is above 12%

5) _Provision Coverage Ratio is 80% which perhaps is HIGHEST in India_

DBL will report further significant reduction in NPAs for FY18 and ASSET QUALITY WILL SHOW BIG UPGRADES

_Some prominent personalities are holding 5% stake each( maximum allowed by RBI)_

*DBL can report NP of 80 cr for FY18 and Nnpa of 1.50% or even lower*

DBL is the most UNDERVALUED stock in Financial Services sector

NO LOOKING BACK FOR DBL

TP 100 in 9-12 months

TP. 200 in 3-5 years

_Downside negligible_

_Huge upside possible_