Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 June, 2018 12:15 IST
DCB Bank quarterly earnings up 39%
Source: IRIS | 17 Jul, 2017, 10.31AM
Comments  |  Post Comment

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)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
BHEL wins Rs 10 bn orders for emission control equipment - 20-Jun-2018 13:38
Tata Comm wins contract from BlaBla Connect - 20-Jun-2018 12:51
Infosys opens digital center of excellence in France - 20-Jun-2018 10:13
Shreyas Shipping & Logistics takes delivery of vessel 'M.V. SSL Krishna' - 20-Jun-2018 10:09
ABB partners with Cochin Shipyard and Shipping Corporation of India - 20-Jun-2018 09:57
ABB partners with Cochin Shipyard and Shipping Corporation of India - 20-Jun-2018 09:57
Kansai Nerolac to enter into Bangladesh bv acquiring equity stake in RAK Paints - 20-Jun-2018 09:51
Cipla receives final approval for generic Sustiva - 19-Jun-2018 16:22
Dr. Reddy's Lab launches Levetiracetam in NaCl injection - 19-Jun-2018 12:23
Zydus Cadila receives tentative approval for Tadalafil tablets - 19-Jun-2018 12:22
Tata Power partners IDFC Bank for digitized solution in Mumbai - 19-Jun-2018 11:21
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer