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Motilal Oswal’s research report on DCB Bank
DCB Bank (DCBB) reported 11% YoY/flattish QoQ growth in PAT to INR1.3b (in line), led by weak NII growth (6% lower than MOSLe). NII grew 6% YoY to INR4.7b (flat QoQ, 3% lower than MOSLe). NIM continued to moderate 21bp QoQ to 3.48% during the quarter. Advances grew 18% YoY, supported by healthy growth in mortgages, Agri, and co-lending advances. Deposits rose 19% YoY/3.6% QoQ, led by growth in SA deposits, resulting in a 109bp QoQ increase in CASA ratio to 26.1%….
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