Dhanlaxmi bank vs CSB

Recently there is news that Catholic Syrian Bank ( not listed) may be acquired by Fairfax @ 160 per share.

FY17 Financials in terms of NPA and NP of CSB are lower/weaker compared to Dhanlaxmi bank.

Using this yardstick of Valuations, DBL going dirt cheap and _can definitely be in 3 digits in 2018_
DBL Nnpa already down to 2.58%. We estimate that *Nnpa for FY18 may be as low as 1-1.25%*

DBL AMONGST OUR TOP PICKS. Q2 NOs *(Q2 NP can be 25cr)* WILL RERATE DBL