- PAT grew 62% YoY to Rs.2.5bn in 3QFY20. NIM and NII grew 2.92 and 14% YoY respectively.

- Even though corporate book loan growth contracted, Retail, MSME and Agri book continued to grow while housing loan posted 30% YoY growth.

- Even though the bank reported one-off corporate slippage of Rs.13.25bn from DHFL, a few corporate accounts are expected to be resolved in near term.

- Merger with ALBK, a bank of similar size, will bring its own set of challenges and asset quality will likely deteriorate on account of this merger.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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