DCB Bank announces Second Quarter FY 2018 Results

Q2 FY 2018 Highlights:

a) The Bank’s branch network increased to 306 branches as on September 30, 2017, an increase of 16 during the quarter. A further addition of four more branches by October 11, 2017 has taken the branch total to 310.

b) The Bank’s Profit After Tax was at INR 59 Cr. in Q2 FY 2018 as against INR 48 Cr. in Q2 FY 2017.

c) Profit Before Tax was at INR 94 Cr. in Q2 FY 2018 a stable growth as against INR 74 Cr. in Q2 FY 2017.

d) Operating Profit of INR 124 Cr. over INR 101 Cr. as compared to last year, an increase of 23%.

e) The Bank earned Net Interest Income of INR 248 Cr. as against INR 190 Cr. for the same period as compared to last year. Net Interest Income for the current quarter includes INR 7 Cr. as interest on Income Tax refund.

f) Non-Interest Income of INR 65 Cr. against INR 62 Cr. for the same period as compared to last year.

g) Net Advances grew to INR 17,395 Cr. as on September 30, 2017 from INR 14,436 Cr. as on September 30, 2016 a growth rate of 20%.

h) As on September 30, 2017, the Bank grew Deposits by 16% to INR 20,567 Cr. Retail CASA & Retail Term Deposits continued to provide a stable resource base to the Bank. Retail Deposits (including Agri and Inclusive Banking) were 77% of Total Deposits.

i) CASA ratio stood at 25.88% as on September 30, 2017 as against 21.91% as on September 30, 2016, with Savings Accounts year on year growth rate of 42%.

j) Net Interest Margin (NIM) for Q2 FY 2018 stands at 4.22% as against 3.96% for Q2 FY 2017. Interest on Income Tax refund has not been included in NIM computation.

k) Gross NPA ratio remained at 1.80% as on September 30, 2017 as compared to 1.75% as on September 30, 2016.

l) Net NPA ratio remained at 0.90% as on September 30, 2017 as compared to 0.84% as on September 30, 2016.

m) Capital Adequacy Ratio (CAR) was at 14.65% as on September 30, 2017 with Tier I at 12.90% and Tier II at 1.75% as per Basel III norms. Year to date profit has not been considered in CAR.

n) As of September 30, 2017 the Net Restructured Standard Advances was approximately INR 31 Cr. comprising of 3 accounts.

Speaking about the performance Mr. Murali M. Natrajan, Managing Director & CEO said, "We are delighted to have completed the 150+ new branches roll out plan exactly in two years as planned. Most of the new branches are performing well. We remain cautious with respect to loan growth. We have to continue to be vigilant in managing credit quality.”

DCB Bank Unaudited Results for the Quarter ended September 30, 2017

Key Balance Sheet Parameters