How do you see the Jun-20 numbers of DCB Bank?

DCB Bank met profits for the Jun-20 quarter fell by 2.5% to Rs.79 crore. DCB Bank had made on overall provision of Rs.85 crore during the quarter including an additional COVID-19 provision of Rs.32 crore.

For the Jun-20 quarter, DCB Bank reported total income of Rs.384 crore a minor 2% fall in revenues on a YOY basis. Interest income was marginally up at Rs.307 crore during the same quarter.

As of Jun-20 quarter end, DCB Bank had restructured advances to the tune of Rs.469 crore. Its gross NPAs were up 48 bps at 2.44%, even as net NPAs were marginally higher in the quarter at 0.99%. Moratorium lifting is a risk as provision coverage ratio is just 75%.