Page 2 - Dcb Bank

DCB Bank surges 8% as RBI allows Tata MF for raise stake up to 7.5%

The Reserve Bank of India has granted its approval to Tata Asset Management Company (AMC) to increase stake in the private sector lender up to 7.5 per cent.

DCB Bank gets RBI's approval to sell 7.5% stake to Tata Mutual Fund

Private sector DCB Bank on Wednesday said it has received RBI approval to sell up to 7.5 per cent stake in the bank to Tata Asset Management Private Limited (TAMPL). The acquisition of stake up to 7.5 per cent of the paid-up equity capital of the bank would be through the schemes of Tata Mutual Fund, DCB Bank said in a regulatory filing. The approval is valid for a period of one year from the date of RBI letter dated July 5, 2023, it said. "The aforesaid approval by the RBI is subject to compliance with the relevant provisions of Banking Regulation Act, 1949, Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023 issued by RBI, provisions of the regulations issued by Securities and Exchange Board of India, provisions of the Foreign Exchange Management Act,1999 and any other guidelines, regulations and statutes as applicable," it said. TAMPL is also advised by the RBI to ensure that its aggregate shareholding

DCB Bank forms committee, begins search for successor to CEO Natarajan

Natarajan, who was appointed in May 2009, will complete 15 years at the helm on April 28, 2024

DCB Bank's net profit increases 25% to Rs 142 crore in March quarter

Private sector lender DCB Bank on Friday posted a 25 per cent increase in its net profit to Rs 142 crore in the quarter ended March 2023. The Mumbai-based lender had posted a net profit of Rs 113 crore in the year-ago period. Total income during the January-March quarter of FY23 rose to Rs 608 crore from Rs 495 crore in the same period of FY22, the bank said in a statement. The Gross NPAs as of March 31, 2023, were 3.19 per cent. Net NPA was at 1.04 per cent as of March 31, 2023. Both Gross NPA and Net NPA declined sequentially as well as in comparison to last year, DCB Bank said. For the full 2022-23 fiscal, the bank's net profit jumped by 62 per cent to Rs 466 crore compared to Rs 288 crore in 2021-22.

PNB, IOB, DCB bank to offer AT1 bonds; may have to offer premium rates

It is important to note that AT1 bonds are unsecured, perpetual bonds that banks issue to improve their core capital base

Stocks to Watch: SBI, Vodafone Idea, Paytm, ITC, IndiGo, DCB Bank, Marico

Stocks to Watch: Paytm has narrowed its consolidated net loss to Rs 392 crore in Q3FY22. The company had posted a net loss of Rs 778.4 crore a year ago

DCB Bank Q3 net profit jumps 52% to Rs 114 cr on decline in bad loans

Private sector DCB Bank on Saturday reported a 52 per cent jump in its profit to Rs 114 crore for the December 2022 quarter, mainly due to a decline in bad loans. The bank's net profit stood at Rs 75 crore in the same quarter of the preceding financial year. The total income increased to Rs 541 crore in the latest December quarter from Rs 463 crore in the year-ago period, the bank said in a regulatory filing. At the same time, net interest income rose to Rs 446 crore against Rs 345 crore a year ago. On the asset quality front, the bank recorded an improvement, with gross NPAs (Non-Performing Assets) declining to 3.62 per cent compared to 4.78 per cent at the end of the third quarter of the previous fiscal. Net NPAs too eased to 1.37 per cent compared to 2.55 per cent in the year-ago period. The capital adequacy ratio stood at 16.26 per cent in the December quarter.

DCB Bank Q2 profit jumps 73% to Rs 112 crore on reduction in bad loans

Private sector DCB Bank on Saturday posted a 73 per cent jump in net profit at Rs 112 crore for the quarter ended September 2022 on the back of reduction in bad loans. The bank had reported a profit of Rs 63 crore in the year-ago period. Total income of the lender during the July-September quarter of FY23 rose to Rs 510 crore against Rs 421 crore in the corresponding period of FY22, DCB Bank said in a statement. Net interest income increased to Rs 411 crore as against Rs 323 crore in the same period of the previous fiscal. The bank's gross non-performing assets (NPAs) declined to 3.89 per cent of the gross advances at the end of September 2022, from 4.73 per cent at September-end 2021. Net NPAs also came down to 1.54 per cent from 2.66 per cent. The Provision Coverage Ratio (PCR) as on September 30, 2022 was at 72.83 per cent. PCR without considering gold loan NPAs stood at 74.21 per cent, it said. Capital adequacy continues to be strong, it added. As on September 30, 2022, the

DCB Bank raises MCLR rates across tenors by 27 basis points to 10.23%

Private sector DCB Bank has revised upwards the marginal cost of funds-based lending rate by 27 basis points across tenors. The revised rates will come to effect from November 5, 2022, DCB Bank said in a regulatory filing on Friday. The benchmark one-year MCLR rate will be priced at 10.23 per cent from Saturday against the existing rate of 9.96 per cent. The one-year tenor MCLR is used to price most of the consumer loans, such as housing, auto and personal. The one, three and six-month tenor MCLRs will be 9.63 per cent, 9.79 per cent and 10.02 per cent, respectively. While the overnight tenor MCLR will be 9.58 per cent.

Stocks to Watch: Vodafone Idea, Bajaj Auto, Tata Steel, Glenmark Pharma

Stocks to Watch today: The US FDA has issued Glenmark Pharma form 483 with 6 observations for its Baddi Unit, which was inspected between June 13-22, 2022.

DCB Bank March quarter net profit jumps by 44.87% to Rs 113 crore

Private sector lender DCB Bank on Saturday posted a 44.87 per cent rise in its net profit at Rs 113 crore for the quarter ended March 2022

RBI okays 2-yr extension of Murli Natarajan's tenure as MD-CEO of DCB Bank

Natrajan has led the bank since April 2009. In 2024, he will complete 15 years at the helm, the maximum allowed under current RBI guidelines

DCB Bank slips 5%; stock hits 21-month low on asset quality concerns

The weakening in the asset quality was partly due to the bank's customer profile, mainly comprising small-ticket borrowers in the self-employed segment, that was more severely impacted by the pandemic

DCB Bank's shares decline nearly 2% after 22% fall in Q3 net profit

The stock declined 1.47 per cent to settle at Rs 86.85 on the BSE; during the day, it tumbled 4.02 per cent to Rs 84.60

DCB Bank Q3 net down 21.9% YoY to Rs 75 cr as other income falls

Sequentially, net profit rose marginally from Rs 65 crore in Q2FY22

DCB Bank appoints Rupa Devi Singh as chairman after Munjee's retirement

Munjee was the chairman of the bank since August 2005.

DCB Bank net profit rises 13% to Rs 78 crore in January-March quarter

The bank's asset quality worsened with the gross NPAs spiking to 4.09% of the gross advances as of March 31, 2021

Private lender DCB purchases 9% stake in NBFC Techfino Capital

DCB Bank said it has acquired 9 per cent stake in non-banking financial company Techfino Capital which is engaged in providing technology-based education and healthcare loans.

DCB Bank acquires equity stake in Bengaluru-based Techfino Capital

DCB Bank Limited announced on Wednesday that it has acquired a minority equity stake of approximately 9% in Bengaluru-based NBFC company Techfino Capital Private Limited

Upbeat on prospects in rural market, DCB Bank focuses on tractor loans

Private sector lender DCB Bank on Thursday said it is seeing a good business prospects from rural areas and wants to focus on "encouraging" tractor loans demand from the farming community. The bank is offering customised loans in Chhattisgarh, Karnataka, Andhra Pradesh, Telangana Madhya Pradesh, Maharashtra, Odisha and Rajasthan, which saw a growth in demand last year. The bank is positive about rural prospects, as evident from sales in Q2 FY21, and is expecting incremental growth in business, DCB Bank said in a release on Thursday. Citing a recent Crisil report that tractor sales were up by 12 per cent in first half of FY21, the lender said good monsoon and higher crop production generally support farm incomes and this in turn provides a fillip to tractor demand. Typically, fortunes of the tractor loan business depend on the vagaries of the weather and the harvest season among other macro and micro variables, it said. "The sale of tractors shows a heartening trend, it has posted