DCB Bank Reports 29% PAT Growth to INR2.36 Billion
Motilal Oswal reported DCB Bank’s net interest income rose 17% year over year to INR7.0 billion. Net interest margin fell to 3.25% quarter over quarter, below Motilal Oswal’s estimate of 3.33%.
Motilal Oswal's research report on DCB BankDCB Bank (DCBB) reported 29% YoY growth in PAT to INR2.36b (7% beat). NII grew 17% YoY/2% QoQ to INR7.0b (in line). NIM contracted 10bp QoQ to 3.25% (vs 3.33% MOFSLe) owing to the adverse impact of FCNR(B) deposit mobilization. Other income rose 34% YoY/27…