Click here to Download Android App of Latest Bank Update

Do you want to share your banking article with the viewers of Latest Bank Updates...
Send on

Back to Top

Like Latest Bank Updates on Facebook

Contact Us

DCB Bank Q1 profit rises 39% to Rs65 crore

Small private lender DCB Bank posted a 38 percent rise in profit after tax of Rs 65 crore in the first quarter of financial year 2017-18. The profit in the same quarter a year ago was at Rs 47 crore.

During the period, net interest income (NII) or difference between interest earned and expended) grew to Rs 233 crore, up 32 percent from Rs 177 crore in the first quarter of FY17.

Non-interest income increased to Rs 86 crore as compared to Rs 60 crore for the same period driven by one-time treasury gain of Rs 21 crore as against Rs 10 crore last year.
The bank’s net interest margin improved to 4.23 percent from 4.05 percent.

The gross non-performing assets (NPAs) showed a slight uptick with the gross NPA ratio at 1.74 percent of total advances as on June 30, 2017 as compared to 1.72 percent last year. Similarly, net NPA ratio also edged up to 0.92 percent as compared to 0.87 percent a year ago.

Provisions towards the bad loans also rose to Rs 35 crore from Rs 21 crore.
As on June end, both net advances and deposits grew by 22 percent to Rs 16,266 crore and Rs 19,155 crore, respectively.

Murali M. Natrajan, the bank’s Managing Director and CEO said, "We have almost completed the branch expansion plan that commenced in October 2015. As of now we are satisfied with the progress made. We continue to remain cautious in terms of balancing growth and portfolio quality.”

During the quarter, the new generation private sector bank increased its branch network by 28 branches to 290 across 19 states and 3 union territories. 

No comments:

Post a Comment

Important keywords

Abhyudaya Co-op Bank Ltd AIBEA AIBOA AIBOC Allahabad Bank Andhra Bank Arunachal Pradesh Rural Bank Assam Co-operative Apex Bank Ltd Atal Pension Yojana(APY) Axis Bank Balance inquiry number BaNCS Bandhan Bank Bank of Baroda Bank of India Bank of Maharashtra Bankers Banks Banks Board Bureau BEFI Bharatiya Mahila Bank Bipartite Settlement CANARA BANK Cash Reserve Ratio(CRR) Catholic Syrian Bank CBS CENTRAL BANK OF INDIA Cheque Truncation System City Union Bank Corporation Bank COSMOS Bank Credit Card Credit Officer DA DCB Bank Dena Bank Dhanlaxmi Bank Federal Bank Finacle FRDI Gandhinagar Nagarik Co. Op. Bank GSC Bank HDFC Bank IBA IBPS ICICI Bank IDBI Bank IDFC Bank India Post Payments Bank Limited INDIAN BANK Indian Overseas Bank IndusInd Bank J & K Bank Kalol Nagrik Sahakari Bank Kangra Central Co-operative Bank Karnataka Bank Karur Vysya Bank Kerala Gramin Bank Kotak Mahindra Bank Lakshmi Vilas Bank Langpi Dehangi Rural Bank Meghalaya Rural Bank Mehsana Urban Co. Operative Bank Ltd Mizoram Rural Bank NABARD Nagaland Rural Bank Nainital Bank NPA NPCI NPS Oriental Bank of Commerce PPF Pradhan Mantri Sneh Bandhan Yojana Prompt Corrective Action Punjab & Sind Bank Punjab National Bank Q1 Results Q1FY17 Q1FY18 Q2 Results Q2FY17 Q2FY18 Q3 results Q3FY17 Q3FY18 Q4 Results Q4FY16 Q4FY17 Rajkot Nagarik Sahakari Bank RBI RBL Bank SBBJ South Indian Bank Sovereign Gold Bonds Specialist Officer SSBEA State Bank of Hyderabad state bank of india State Bank of Mysore State Bank of Patiala State Bank of Travancore strike Sukanya Samriddhi SYNDICATE BANK The Kalupur Co-Operative Bank UCO Bank UFBU Unified Payments Interface Union Bank of India United Bank of India UPI USSD Vijaya Bank Yes Bank

Contact Form


Email *

Message *