DCB Bank surges after robust Q4 results, lower NPAs

Net interest income for the fourth quarter surged 30% to Rs 169 crore while Gross NPA dipped to 1.51%

Shares of DCB Bank were up over 6% at Rs 89 on the Bombay Stock Exchange after the private sector bank reported strong growth in net interest income and decline in gross and net non-performing assets for the quarter ended March 31, 2016.

Net interest income for the quarter ended March 31, 2016 surged 30% to Rs 169 crore compared to Rs 130 crore in the same quarter last fiscal.(Click here for the full report)

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Gross non-performing assets (NPA) for the quarter under review declined to 1.51% compared with 1.76% in the same quarter ended March 31, 2015. Net NPA also decreased to 0.75% compared with 1.01% in the corresponding quarter last fiscal.

The stock opened at Rs 89 and touched a high of Rs 91. At 9:45am, over 3.2 million shares were traded on both the stock exchanges.