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2 years ago
BUZZ-India's DCB Bank slumps for 2nd day on branch expansion fears
October 15, 2015 / 6:08 AM / 2 years ago

BUZZ-India's DCB Bank slumps for 2nd day on branch expansion fears

* DCB Bank falls as much as 13.3 pct to its lowest since early Nov. 2014, adding to Wednesday's 20 pct plunge

* Lender's aggressive branch expansion plan spooks investors on fears it will dent return ratios

* PhillipCapital joins others in downgrading stock to "sell" from "neutral", cuts target price by 30 pct

* DCB CEO tells Reuters doubling branch network in a year to tackle increasing competition

* DCB shares are down a fifth in 2015 vs a 5.5 pct fall in banking sector index (RM: devidutta.tripathy.thomsonreuters.com@reuters.net)

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