You are here: Home » Companies » Results
Business Standard

DCB Bank Q2 net profit up 31%

The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank said in a filing to BSE

Press Trust of India  |  New Delhi 

today posted a 31.30 per cent increase in at Rs 48.9 crore for the quarter ended on September 30, 2016.

The bank had recorded a of Rs 36.9 crore in the corresponding quarter of last fiscal, said in a filing to BSE.



Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore over the corresponding period of 2015-16.

The gross Non-performing Assets (NPAs) of the bank increased to 1.75 per cent of total advances, from 1.72 per cent at the end of second quarter of 2015-16.

However, net NPAs reduced to 0.84 per cent from 0.87 per cent of the total assets.

The bank set aside Rs 26.48 crore as provisions, against Rs 21.67 crore in the year-ago quarter.

The mid-size bank's core net interest income rose to Rs 190 crore from Rs 150 crore, a growth of 27 per cent, said in a statement, adding the non-interest income jumped to Rs 62 crore from Rs 49 crore.

The key profit metric net interest margin, the difference between interest paid and earned, rose marginally to 3.96 per cent from 3.79 per cent a year ago.

Net interest income rose 22 per cent to Rs 506 crore from Rs 416 crore, during the July-September period, it said.

Net advances grew at Rs 14,436 crore from Rs 11,181 crore. Out of this, non-corporate advances stood at Rs 12,178 crore, up 36 per cent from Rs 8,984 crore.

Deposits grew 30 per cent Rs 17,685 crore, out of which Casa and retail term deposits constituted 77 per cent, taking the Casa ratio to 22 per cent, down from 24 per cent a year ago.

The bank's restructured standard advances stood at Rs 29 crore, or 0.20 per cent of net advances comprising three accounts.

RECOMMENDED FOR YOU

DCB Bank Q2 net profit up 31%

The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank said in a filing to BSE

The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank said in a filing to BSE today posted a 31.30 per cent increase in at Rs 48.9 crore for the quarter ended on September 30, 2016.

The bank had recorded a of Rs 36.9 crore in the corresponding quarter of last fiscal, said in a filing to BSE.

Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore over the corresponding period of 2015-16.

The gross Non-performing Assets (NPAs) of the bank increased to 1.75 per cent of total advances, from 1.72 per cent at the end of second quarter of 2015-16.

However, net NPAs reduced to 0.84 per cent from 0.87 per cent of the total assets.

The bank set aside Rs 26.48 crore as provisions, against Rs 21.67 crore in the year-ago quarter.

The mid-size bank's core net interest income rose to Rs 190 crore from Rs 150 crore, a growth of 27 per cent, said in a statement, adding the non-interest income jumped to Rs 62 crore from Rs 49 crore.

The key profit metric net interest margin, the difference between interest paid and earned, rose marginally to 3.96 per cent from 3.79 per cent a year ago.

Net interest income rose 22 per cent to Rs 506 crore from Rs 416 crore, during the July-September period, it said.

Net advances grew at Rs 14,436 crore from Rs 11,181 crore. Out of this, non-corporate advances stood at Rs 12,178 crore, up 36 per cent from Rs 8,984 crore.

Deposits grew 30 per cent Rs 17,685 crore, out of which Casa and retail term deposits constituted 77 per cent, taking the Casa ratio to 22 per cent, down from 24 per cent a year ago.

The bank's restructured standard advances stood at Rs 29 crore, or 0.20 per cent of net advances comprising three accounts.
image
Business Standard
177 22

DCB Bank Q2 net profit up 31%

The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank said in a filing to BSE

today posted a 31.30 per cent increase in at Rs 48.9 crore for the quarter ended on September 30, 2016.

The bank had recorded a of Rs 36.9 crore in the corresponding quarter of last fiscal, said in a filing to BSE.

Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore over the corresponding period of 2015-16.

The gross Non-performing Assets (NPAs) of the bank increased to 1.75 per cent of total advances, from 1.72 per cent at the end of second quarter of 2015-16.

However, net NPAs reduced to 0.84 per cent from 0.87 per cent of the total assets.

The bank set aside Rs 26.48 crore as provisions, against Rs 21.67 crore in the year-ago quarter.

The mid-size bank's core net interest income rose to Rs 190 crore from Rs 150 crore, a growth of 27 per cent, said in a statement, adding the non-interest income jumped to Rs 62 crore from Rs 49 crore.

The key profit metric net interest margin, the difference between interest paid and earned, rose marginally to 3.96 per cent from 3.79 per cent a year ago.

Net interest income rose 22 per cent to Rs 506 crore from Rs 416 crore, during the July-September period, it said.

Net advances grew at Rs 14,436 crore from Rs 11,181 crore. Out of this, non-corporate advances stood at Rs 12,178 crore, up 36 per cent from Rs 8,984 crore.

Deposits grew 30 per cent Rs 17,685 crore, out of which Casa and retail term deposits constituted 77 per cent, taking the Casa ratio to 22 per cent, down from 24 per cent a year ago.

The bank's restructured standard advances stood at Rs 29 crore, or 0.20 per cent of net advances comprising three accounts.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard