Development Credit Bank Q3 PAT seen up 60% at Rs 13 cr

24328 Investors following DCB. Share this News with them.

0

Like this story, share it with millions of investors on M3

Development Credit Bank Q3 PAT seen up 60% at Rs 13 cr

Development Credit Bank is likely to report a profit after tax of Rs 13 crore in the third quarter of FY12, a massive growth of 60% as compared to Rs 8.2 crore in the corresponding quarter of last fiscal.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ News and Notices about DCB See interviews with DCB Management See what other Experts & Brokerages are saying about DCB See previous Results of DCB

Development Credit Bank is likely to report a profit after tax of Rs 13 crore in the third quarter of FY12, a massive growth of 60% as compared to Rs 8.2 crore in the corresponding quarter of last fiscal.

Net interest income is expected to go up by 22% to Rs 60 crore from Rs 49.3 crore year-on-year.

Expectations

·          Asset quality expected to remain stable, thus provisions expected to decline

·          Business expected to grow below industry average at about 15%

·          Margin compression likely

·          Key watchables are their expansion plans and growth momentum they show this time