DCB Bank reported in-line Q2FY24 PAT at INR 1.27bn (flattish QoQ/up 13% YoY) driven by ~16%/15% YoY rise in NII/PPOP while headline GNPA/NNPA inched up QoQ. Tier-1 stands healthy at 14.3%. Recovery in loan growth (?18% YoY for 4th consecutive quarter) appears well entrenched, though improvement in cost ratio should be gradual.