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21 November, 2017 15:51 IST
DCB Bank quarterly earnings up 39%
Source: IRIS | 17 Jul, 2017, 10.31AM
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DCB Bank, the private sector bank, disclosed a substantial rise in standalone net profit for the quarter ended June 2017. During the quarter, the profit of the bank rose 39% to Rs 650 million from Rs 470 million in the same quarter last year.

Total Income for the quarter rose 34.60% to Rs 3,190 million, compared with Rs 2,370 million for the prior year period. Operating Profit of Rs 1,360 million over Rs 930 million as compared to last year, an increase by 47%.
 
The bank earned Net Interest Income of Rs 2.33 billion as against Rs 1.77 billion for the same period as compared to last year.
 
Non-Interest Income of Rs 860 million against Rs 600 million for the same period as compared to last year. Q1 FY 2018 included one-time Treasury gain of Rs 210 million as against Rs 100 million in Q1 FY 2017.
 
Net Advances grew to Rs 162.66 billion as on June 30, 2017 from Rs 133.37 billion as on June 30, 2016 a growth rate of 22%.
 
As on June 30, 2017, the Bank grew Deposits by 22% to Rs 191.55 billion. Retail CASA & Retail Term Deposits continued to provide a stable resource base to the Bank. Retail Deposits (including Agri and Inclusive Banking) were 80% of Total Deposits.
 
CASA ratio stood at 26.85% as on June 30, 2017 as against 23.08% as on June 30, 2016, with Savings Accounts year on year growth rate of 40%.
 
Net Interest Margin for Q1 FY 2018 stands at 4.23% as against 4.05% for Q1 FY 2017.
 
Gross NPA ratio remained stable at 1.74% as on June 30, 2017 as compared to 1.72% as on June 30, 2016.
 
Net NPA ratio remained at 0.92% as on June 30, 2017 as compared to 0.87% as on June 30, 2016.
 
Capital Adequacy Ratio (CAR) was at 15.25% as on June 30, 2017 with Tier I at 13.44% and Tier II at 1.81% as per Basel III norms.
 
As of June 30, 2017 the Net Restructured Standard Advances was approximately Rs 320 million comprising of 3 accounts.
 
The bank's branch network increased to 290 branches as on June 30, 2017, an increase of 28 during the quarter.
 
Murali M. Natrajan, Managing Director & CEO said, "We have almost completed the branch expansion plan that commenced in October 2015. As of now we are satisfied with the progress made. We continue to remain cautious in terms of balancing growth and portfolio quality.''

Shares of the bank declined Rs 0.75, or 0.37%, to trade at Rs 201.40. The total volume of shares traded was 238,256 at the BSE (10.17 a.m., Monday).





DCB Bank Limited   (Q,N,C,F)*

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