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IDBI Capital Report
DCB Bank Ltd.’s asset quality improved as gross non-performing asset stood at 4.32% versus 4.73% QoQ and net non-performing asset at 1.97% versus 2.55% QoQ.
Net restructured standard book remain stable at Rs 18.7 billion (6.4% of advances); remains high among the industry.
Bank’s credit growth improved to 13% YoY versus 9% YoY (Q3 FY22); deposits grew by 17% YoY versus 12% YoY (Q3 FY22).
Net interest income grew by 22% YoY led by improvement in margins. Profit after tax grew by 45% YoY led by lower provisions (down 30% YoY and QoQ).
Cost-to-income ratio has increased to 55% versus 54% YoY.
DCB Bank's reported collection efficiency (overall including delinquent) for key portfolios (March 2022) –loan against property/home loans/ commercial vehicle loans at 96.7%/98.5%/85.2% versus 94.8%/98.2%/84.6% (Dec-21) respectively.
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