BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
DCB Bank Ltd. reported a weak operating performance, affected by higher slippage, sluggish net interest income growth, and elevated provisions.
Net interest margins declined 15 basis points QoQ to 3.31%, impacted by high interest reversals and excess liquidity.
On the business front, DCB Bank's advances declined ~2% QoQ, while retail term deposit grew 17% YoY.
Asset quality deteriorated further, with the gross non performing asset/net non performing asset ratio increasing by 78 bp/53 bp QoQ to 4.87%/2.82%.
Provision coverage ratio moderated to 43.3% (versus 45.2% in FY21).
Also, the gross restructured book increased to Rs 13.7 billion (5.4% of loans) versus 4.3% of loans in FY21.
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