DCB Bank Q3 Results Review - Strong Deposit Growth At 22.6%; NIMs Up By 14 Basis Points: IDBI Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .IDBI Capital Report.DCB Bank Ltd.’s asset quality continued to improve sequentially with gross non-performing asset at 3.6% versus 3.9% QoQ and net non-performing asset at 1.4% versus 1.5% QoQ. Net restructured standard book further declined to Rs16.3 billion versus 17.1 billion QoQ; remains high among the industry. Banks deposits growth remained strong at 23% YoY versus 16% YoY (Q2 FY23); credit growth too witnessed strong growth at 21% YoY. Net interest income grew by 29% YoY led by improvement in margins (up 41 bps YoY). Profit after tax grew by 51% YoY led by lower provisions (down 58% YoY). Cost/income ratio continued to remain at elevated level (stable sequentially at 64% versus 64% QoQ). DCB Bank reported collection efficiency for key portfolios (Dec-22) – loan against property/home loans/commercial vehicle loans at 97.3%/98.3%/92.4% versus 96.7%/98.1%/89.4% (Sept-22) respectively..Click on the attachment to read the full report:.DCB Bank Q3 Results Review - Growth Trends Improve; Low Credit Costs Aid PAT Growth: Dolat Capital.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

DCB Bank Q3 Results Review - Strong Deposit Growth At 22.6%; NIMs Up By 14 Basis Points: IDBI Capital

Loan growth stood at 21% YoY led by strong growth in core segment.

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