DCB Bank (DCBB) posted a strong all-round 4QFY18 performance with a ~22% yoy PAT growth (Rs 642mn, EE Rs 607mn), 29% yoy loan growth and better asset quality (GNPA/NNPA improving to 1.8%/0.7% on lower slippages at 1.7%). While core fee income grew by a strong 40% yoy, NIM (calc.) contracted 8bps qoq.