DCB Bank

This small size private sector bank had to increase its provisioning for Q4Fy16 and that to some extent impacted growth. Provisions went up to Rs.27 crore, up over 90% YoY and up 30% QoQ. But for this, the overall picture was good.

It ended the quarter with a 10% (YoY)rise in net profit at Rs.69 crore while NII rose 30% to Rs.169 crore. The 33% jump in other income also helped.

In terms of asset quality, there was an improvement. Gross NPA during the quarter fell from 1.98% to 1.51% (QoQ) while Net NPA declined to 0.75% from 1.12%. It reported slippages of Rs.50 crore, about one-fourth of slippages for FY16.

For FY16, the bank clocked a net profit of Rs.195 crore against Rs.191 crore in FY15.