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 remains stable on proforma basis with gross non-performing asset at 2.39% versus 2.44% QoQ led by better recoveries.
Bank’s credit growth further slowed down to 0.3% versus 4% (Q1 FY21).
Net interest income grew by 7% YoY while profit after tax de-grew by 10% YoY led by higher provisions (up 161% YoY; Rs.480 million for Covid-19 provisions).
Cost-to-income ratio on a QoQ basis has declined by 300 basis points to 47.3% on account of decline in staff expenses sequentially.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR