DCB Bank falls 11% post June quarter results

The stock dipped 11% to Rs 160 on the BSE in intra-day trade after net interest margin of the private sector lender declined 33 bps year on year (yoy) at 3.9% in June quarter.

DCB Bank dipped 11% to Rs 160 on the BSE in intra-day trade after net interest margin (NIM) of the private sector lender declined 33 bps year on year (yoy) at 3.9% in June quarter. NIMs were stood at 4.23% for Q1FY18 and 4.09% for Q4FY18.

“Margins are under pressure especially in mortgage and corporate loan book. We continue to be watchful of NPAs,” said Murali M. Natrajan, Managing Director & CEO, DCB Bank.

Gross non-performing assets (NPA) ratio for Q1FY19 came at 1.86% against 1.74% in the same quarter last fiscal. Net NPA for the quarter were