DCB Bank drops as bad loans rise

DCB Bank fell 3.4% to Rs 183.45 at 12:04 IST on BSE after the bank's bad loans rose in Q2 September 2017 over Q2 September 2016.

Meanwhile, the S&P BSE Sensex was up 11.41 points, or 0.03% to 32,645.05. The S&P BSE Mid-Cap index was up 30.49 points, or 0.19% to 16,080.72.

On the BSE, 3.13 lakh shares were traded in the counter so far, compared with average daily volumes of 1.88 lakh shares in the past one quarter. The stock had hit a high of Rs 189 and a low of Rs 181.25 so far during the day. The stock hit a record high of Rs 213 on 16 June 2017. The stock hit a 52-week low of Rs 100 on 15 November 2016.

The stock had underperformed the market over the past one month till 16 October 2017, falling 0.05% compared with the Sensex's 1.12% gains. The stock had also underperformed the market over the past one quarter, declining 3.33% as against the Sensex's 1.91% rise. The scrip, however, outperformed the market over the past one year, advancing 50.83% as against the Sensex's 17.92% rise.

The mid-cap bank has equity capital of Rs 307.77 crore. Face value per share is Rs 10.

DCB Bank's net profit rose 21.47% to Rs 58.90 crore on 14.85% increase in total income to Rs 652.25 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 16 October 2017.

The ratio of gross NPAs to gross advances rose to 1.8% as on 30 September 2017 from 1.75% as on 30 September 2016. The ratio of net NPAs to net advances rose to 0.9% as on 30 September 2017 from 0.84% as on 30 September 2016.

DCB Bank is a new generation private sector bank with 310 branches across 19 states and 3 union territories.

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