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DCB Bank, a small-sized private sector bank, delivered sub-par earnings in the first quarter of FY19. Significant margin contraction and elevated operating expenses undermined its performance. The retail focused bank stands out for its comfortable asset quality in a sector marred by high non-performing assets. It enjoys strong parentage of the Aga Khan Fund for Economic Development (AKFED), which has provided capital as and when required. The healthy capitalization will support future growth, making it a worthy contender in a weak banking environment.
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 Private sector lender Federal Bank after reporting better earnings growth on lower provisions and strong loan growth for the quarter ended June. Profit during the quarter grew by 25 percent year-on-year to Rs 262.7 crore and net interest income jumped 22.4 percent to Rs 980 crore, with loan growth at 24 percent YoY.Net interest margin for the quarter stood at 3.12 percent, improving a bit from 3.11 percent in previous quarter. On the asset quality front, gross non-performing assets (NPA) were unchanged at 3 percent on sequential basis and net NPA was slightly higher at 1.72 percent against 1.69 percent QoQ.

 Private sector non-life insurer ICICI Lombard General Insurance        posted a 35 percent increase in June quarter net profit at Rs 289.29 crore on account of lower combined ratio and higher premiums. Q1FY18 profit was Rs 214.11 crore. The gross direct premium income increased to Rs 3,774 crore in Q1 from Rs 3,321 crore in the same quarter last year. The market share was 10.1 percent for the latest quarter. The combined ratio improved to 98.8 percent in Q1 from 102.4 percent a year ago. This was driven by a reduction in loss ratio   to 76.9 percent in Q1 from 78.1 percent last year. The expense ratio dropped to 21.9 percent in Q1 from 24.3 percent. The insurer’s solvency ratio was 2.04 as on June 30 as against 2.13 a year ago. The minimum requirement is 1.50.

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