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DCB Bank Q1 profit seen up 2%, net interest income may jump 25%

Net interest income, the difference between interest earned and interest expended, may grow by 24.7 percent to Rs 175 crore in quarter ended June 2016 compared with Rs 140.4 crore in corresponding period of last fiscal.

July 13, 2016 / 18:04 IST
     
     
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    Private sector lender DCB Bank will announce its first quarter (April-June) earnings on July 14. Net profit is seen rising 1.6 percent to Rs 47.6 crore during the quarter compared with Rs 46.9 crore in same period last fiscal, according to consensus estimates.

    Net interest income, the difference between interest earned and interest expended, may grow by 24.7 percent to Rs 175 crore in quarter ended June 2016 compared with Rs 140.4 crore in corresponding period of last fiscal.

    Key things to watch out for will be impact on net interest margin due to shift to MCLR (marginal cost of lending rates), cost to income ratio and asset quality movement.

    According to analysts, cost to income ratio below 60 percent will be considered positive.

    first published: Jul 13, 2016 06:04 pm

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