Maintain BUY with a TP of 216 (2.2xFY20E ABV of Rs 98). DCBBs strong show through FY18 compels us to reiterate our faith in the growth story. With the accelerated branch expansion behind and widening of products offerings, sustained and granular growth (CAGR of 25% of FY19-20E) is a given. We expect asset quality to remain stable hereon as GST and demonetization related headwinds recede.