DCB Bank has topped the market expectations in 3QFY17 led by robust growth in NII and other income along with 385bps qoq growth in CASA ratio. It has reported substantially improved performance on operating front with its NII rising by 30.5% yoy & 10.1% qoq to Rs2.09bn led by robust growth in loan book (24.3% yoy & 1.0% qoq) and stable growth in NIMs (3.95%). Despite higher provisioning of Rs305mn (+45.7% yoy & +15.3% qoq), its PAT grew by 24.5% yoy & 5.8% qoq to Rs513mn. The Bank showed greater resilience on asset quality front with its gross and net NPA remaining within the Management's comfort zone. We expect the Bank will be one of the major...