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.
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