NIM expansion and lower provisions drive earnings

Company
25 Apr 2024
5 Min read 
  • DCB Bank reported 9.5% YoY/23% QoQ growth in PAT to INR1.6b.
  •  NII grew 4% YoY to INR5.1b, aided by 14bp QoQ expansion in margins to 3.62%.
  •  Advances and deposits grew 19% YoY, supported by healthy growth in mortgages, agri, and gold loans.
  •  GNPA ratio improved 20bp QoQ, while NNPA ratio improved 11bp QoQ to 1.11%.
  •  Management guided for an RoA of 1% or above and an RoE closer to 14% in the near term.
  •  The bank aims to focus on CASA and expects NIM to sustain at 3.65-3.75% in the medium term.
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