DCB Bank

DCB Bank posted a decent set of Q3FY16 numbers. The net profit came in better than expected – it was at Rs.41 crore, which is over 3% (YoY) lower; the market had expected the net profit to come in around Rs.35-37 crore and the actuals have bettered that despite being YoY lower. NII surged 32% at Rs.161 crore.

The good news is that asset quality remained stable. Gross NPA was at 1.98% v/s 1.99% (QoQ) and Net NPA actually fell from 1.61% to 1.12%.