ICICIdirect.com has come out with its October-December earnings estimates for the banking sector. The brokerage house expects DCB Bank to report a 12.3 percent growth quarter-on-quarter (up 38.2 percent Y-o-Y) in net profit at Rs 37.1 crore.
Net interest income of DCB Bank are expected to increase by 2.7 percent Q-o-Q (up 30.2 percent Y-o-Y) to Rs 93.7 crore, according to ICICIdirect.com.
ICICIdirect.com on DCB Bank:
DCB has hiked its base rate by 35 bps to 10.85 percent from September 1, hence the full impact will be seen in Q3FY14E. NIM of 3.5 percent and 30 percent NII growth is expected due to the same. Asset quality to remain stable with expectation of mere Rs 10 crore in GNPA to Rs 245 crore.
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