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.
IDBI Capital Report
DCB Bank Ltd.’s asset quality deteriorates as gross non-performing asset stood at 4.1% versus 3.7% QoQ and net non-performing asset at 2.3% versus 1.92% QoQ.
Gross restructured book stands at Rs 10.9 billion (4.2% of advances) in line with guided range of 3%-5% of book.
Bank’s credit growth improved to 2% YoY as against 0.5% YoY (Q3 FY21) while deposits continue to decline; de-grew by 2% YoY.
Net interest income de-grew by 4% YoY led by decline in margins.
Profit after tax grew by 13% YoY led by lower provisions (down 14% YoY; Rs 1.24 billion for Covid-19 provisions).
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