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DCB Bank Ltd.

BSE: 532772 Sector: Financials
NSE: DCBBANK ISIN Code: INE503A01015
BSE 10:57 | 16 Jul 166.40 -13.05
(-7.27%)
OPEN

179.50

HIGH

179.50

LOW

159.70

NSE 10:44 | 16 Jul 163.05 -16.25
(-9.06%)
OPEN

176.00

HIGH

176.00

LOW

159.50

OPEN 179.50
PREVIOUS CLOSE 179.45
VOLUME 278478
52-Week high 206.50
52-Week low 154.85
P/E 20.93
Mkt Cap.(Rs cr) 5,137
Buy Price 166.00
Buy Qty 494.00
Sell Price 166.30
Sell Qty 324.00
OPEN 179.50
CLOSE 179.45
VOLUME 278478
52-Week high 206.50
52-Week low 154.85
P/E 20.93
Mkt Cap.(Rs cr) 5,137
Buy Price 166.00
Buy Qty 494.00
Sell Price 166.30
Sell Qty 324.00

DCB Bank Ltd. (DCBBANK) - Director Report

Company director report

Your Directors are pleased to present the Twenty Third Annual Report ofDCB Bank Ltd (hereinafter referred to as the Bank/Your Bank/ DCB Bank) together with theaudited accounts for the year ended March 31 2018. In FY 2018 the Bank has posted anOperating Profit of ` 524.97 crore (FY 2017 ` 418.21 crore) and a Net Profit of ` 245.34crore (FY 2017

` 199.68 crore).

Total Assets have increased by ` 6175.71 crore and reached ` 30222.09crore as on March 31 2018 (` 24046.38 crore as on March 31 2017). Customer Depositshave increased by ` 2929.10 crore and Advances have increased by ` 4519.06 crore. YourBank has been contributing signifi cantly to Priority Sector Lending (PSL) and hasachieved the overall PSL target as required by the Reserve Bank of India (RBI). The NetInterest Margin (NIM) has improved to 4.16% in FY 2018 from 4.04% in FY 2017 and theCurrent and Savings Accounts (CASA) ratio stood at 24.3% as on March 31 2018.

Cost to Income Ratio has decreased to 59.8% in FY 2018 from 60.0% in FY2017. The Bank was able to lower the ratio despite increase in number of branchesincrease in number of staff and higher business volumes. Total Branch network stood at 318as on March 31 2018 (262 as on March 31 2017) and ATM network increased to 533 as onMarch 31 2018 (515 as on March 31 2017).

Provisions Other Than Tax have increased to ` 138.80 crore in FY 2018from ` 111.49 crore in FY 2017. The increase was mainly due to provision for existing andfresh NPA slippages higher Floating provision and provision against Standard Assets.Gross NPAs have increased to ` 369.03 crore as on March 31 2018 from ` 254.20 crore as onMarch 31 2017. The overall NPA Provision Coverage Ratio as on March 31 2018 was 75.72 %.Net NPAs have increased to ` 146.72 crore as on March 31 2018 as against ` 124.41 croreas on March 31 2017. Capital Adequacy Ratio (CAR) under Basel III as on March 31 2018stood at 16.47% (13.76% under Basel III as on March 31 2017). In April 2017 the Bankissued 21770000 equity shares through Qualifi ed Institutional Placement (QIP) at ` 174per share amounting to ` 378.80 crore.

In November 2017 and January 2018 the Bank issued Basel III compliantTier II Bonds in two tranches amounting to ` 450 crore.

As at March 31 2018

As at March 31 2017

Increase / (Decrease)

Balance Sheet
Customer Deposits

18872.12

15943.02

2929.10

Inter Bank Deposits

5134.74

3346.19

1788.55

Total Deposits

24006.86

19289.21

4717.65

(Including Total CASA*)

(5840.32)

(4689.18)

(1151.14)

Advances

20336.69

15817.63

4519.06

Gross – NPA

369.03

254.20

114.83

Net – NPA

146.72

124.41

22.31

Provision for Standard

89.65

85.05

4.60

Assets**
Total Assets

30222.09

24046.38

6175.71

For the year ended March 31 2018

For the year ended March 31 2017

Increase / (Decrease)

Profit & Loss
Net Interest Income

995.43

797.09

198.34

Non Interest Income

310.27

248.84

61.43

Total Operating Income

1305.70

1045.93

259.77

Operating Cost

780.73

627.72

153.01

Operating Profit

524.97

418.21

106.76

Provisions

138.80

111.49

27.31

Net Profit Before Tax

386.17

306.72

79.45

Tax

140.83

107.04

33.79

Net Profit After Tax

245.34

199.68

45.66

*Current and Savings Accounts (CASA)

**Including provision for unhedged foreign currency exposure

DIVIDEND

Your Board is pleased to recommend a dividend of ` 0.75 per equityshare of ` 10.00 each in respect of the Financial Year ended March 31 2018.