A healthy banking system plays a crucial role in supporting the economy of a country. It acts as a backbone of a strong economy and provides several benefits to the various groups in the market. However, due to increased competition and other related factors, banks tend to participate in unnecessary high-risk activities to earn higher profits over the potential loss for the stakeholders. If the market itself can restrain these banks along with the other regulatory bodies, such high-risk taking behavior can be minimized. This study focuses on the three proxies of market discipline, namely deposit growth, subordinate debt, and interbank deposits, to understand the presence and the relation between the charter value of banks and the role of market discipline. A sample size of 12 banks listed in/on Dubai Finance Market (DFM) is selected. The data collected for these banks are from the year 2017 to 2020, thus, data of 48 bank years were scrutinized and analyzed. Correlation analysis and multiple regression analysis are conducted to understand the relationship of each independent variable with the dependent variable. The results indicate that interbank deposit has a positive impact on the bank charter value. Contrary to the expectations and prior literature, deposit growth showed a negative relation with charter value. Both deposit growth and subordinate debt had to be dropped due to their statistical insignificance demonstrated in the results.