DCB Bank announces First Quarter FY 2017 Results - RNews1 Network

DCB Bank announces First Quarter FY 2017 Results

DCB Bank
New Delhi (Anand Prakash) : The Board of Directors of DCB Bank Ltd. (BSE: 532772; NSE:DCB) at its meeting in Mumbai on July 14, 2016, took on record the limited reviewed financial results of the first quarter (Q1 FY 2017).

Speaking about the performance Mr. Murali M. Natrajan, Managing Director & CEO said, "We are steadily executing our branch expansion plan, while continuously investing in technology capabilities - especially the frontline and customer experience.”

Q1 FY 2017 Highlights:

  • Profit Before Tax was at INR 72 Cr. in Q1FY 2017 a stable growth as against INR 72 Cr. in Q1 FY 2016. Q1 FY 2017 included onetime Treasury gain of Rs. 10 Cr. as against Rs. 22 Cr. in Q1 FY 2016.
  • The Bank’s Profit After Tax was at INR 47 Cr. in Q1 FY 2017 as against INR 47 Cr. in Q1 FY 2016.
  • Operating Profit of INR 93 Cr. over INR 90 Cr. as compared to last year, an increase by 3%.
  • The Bank earned Net Interest Income of INR 177 Cr. as against INR 140 Cr. for the same period as compared to last year.
  • Non-Interest Income of INR 60 Cr. against INR 63 Cr. (both inclusive of onetime Treasury gain as mentioned above) for the same period as compared to last year.
  • Net Advances (excluding Corporate Banking) grew to INR 11,281 Cr. as on June 30, 2016 from INR 8,267 Cr. as on June 30, 2015 a growth rate of 36%.
  • Net Advances (including Corporate Banking) grew to INR 13,337 Cr. as on June 30, 2016 from INR 10,426 Cr. as on June 30, 2015 a growth rate of 28%.
  • As on June 30, 2016, the Bank grew Deposits by 18% to INR 15,680 Cr. RetailCASA & Retail Term Deposits continued to provide a stable resource base to the Bank. Retail Deposits (including Agri and Inclusive Banking) were 81% of Total Deposits.
  • CASA ratio remained stable was at 23.08% as on June 30, 2016 as against 23.04% as on June 30, 2015, with Savings Accounts year on year growth rate of 21%.
  • Net Interest Margin for Q1 FY 2017 stands at 4.05% as against 3.81% for Q1 FY 2016.
  • Gross NPA ratio decreased to 1.72% as on June 30, 2016 from 1.96% as on June 30, 2015.
  • Net NPA ratio decreased to 0.87% as on June 30, 2016 from 1.22% as on June 30, 2015.
  • Capital Adequacy Ratio (CAR) was at 13.15% as on June 30, 2016 with Tier I at 11.92% and Tier II at 1.23% as per Basel III norms.
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