The Board of Directors
of DCB Bank Ltd. (BSE: 532772; NSE: DCB) at its meeting in Mumbai on July 16,
2019, took on record the limited reviewed financial results of the first
quarter (Q1 FY 2020).
Q1 FY 2020
Highlights:
a) The Bank’s Profit After Tax was at INR 81 Cr. in Q1 FY 2020 as against INR 70
Cr. in Q1 FY 2019.
b) Profit Before Tax was at INR 126 Cr. in Q1FY 2020 a stable growth as against INR 108 Cr. in
Q1FY 2019.
c)
Operating Profit of INR 167 Cr. over INR 141 Cr. for
the same period as compared to last year.
d)
The
Bank earned Net Interest Income of
INR 305 Cr. as against INR 273 Cr. for the same period as compared to last year.
e) Non-Interest Income of INR 87 Cr. against INR 83 Cr. for the same period as compared to last year.
f) As compared to Q1 FY 2019, Cost Income Ratio has improved from
60.25% to 57.46% (by 2.79%).
g) Return on Equity (Annualised) was at 11.17% in Q1 FY 2020 as compared to 10.75% in Q1 FY 2019.
h) Net Advances (excluding
Corporate Banking) grew to INR 21,006 Cr. as on June 30, 2019 from INR 17,663
Cr. as on June 30, 2018 a growth rate of 19%.
i) Net Advances (including
Corporate Banking) grew to INR 24,044 Cr. as on June 30, 2019 from INR 21,243
Cr. as on June 30, 2018 a growth rate of 13%.
j)
As
on June 30, 2019, the Bank grew Deposits
by 15% to INR 28,789 Cr. Customer
Term Deposits grew by 31% and Customer
Deposits grew by 26%.
k) Total Deposit from top 20 depositors reduced to 12.01% as at March 31, 2019 from 14.87% as
at March 31, 2018. This ratio has further reduced to 10.13% as at June 30, 2019.
l)
CASA ratio stood at 24.53% as on June 30, 2019
as against 24.63% as on June 30, 2018, with Savings Accounts year on year growth rate of 16%.
m)
Net Interest Margin for Q1 FY 2020 stands at 3.67% as
against 3.90% for Q1 FY 2019. NIM was lower partially on account of higher cost
of long term refinance options.
n) Gross NPA ratio stood at 1.96% as on June 30, 2019 as compared to 1.86% as on June 30, 2018.
o)
Net NPA ratio remained at 0.81% as on June 30, 2019
as compared to 0.72% as on June 30, 2018.
p) Capital Adequacy Ratio (CAR) was at 16.06% as on June 30, 2019 with Tier I at 12.51% and
Tier II at 3.55% as per Basel III norms.
q)
As
of June 30, 2019 the Net Restructured
Standard Advances was approximately INR 38
Cr.
r) The Bank’s branch
network increased to 334 branches as on June 30, 2019.
Speaking on the Q1 FY
2020 results Mr. Murali M. Natrajan, Managing
Director & CEO said, "We are
focusing on granular retail term deposits in order to further improve our deposit profile. Some margin pressure will be
felt for two more quarters beyond which we expect stability due to the
repricing profile of long term refinance and renewal cycle of customer deposits.”
DCB Bank Unaudited Results for the Quarter ended June
30, 2019
|
Rs. Cr.
|
Q1 FY
2019-20
|
Q1 FY
2018-19
|
Inc / Dec
%
|
Q4 FY
2018-19
|
FY 2018-19
|
|
Interest Income
|
858
|
701
|
22%
|
827
|
3,041
|
|
Interest Expense
|
(553)
|
(428)
|
(29%)
|
(526)
|
(1892)
|
|
Net Interest Income
|
305
|
273
|
12%
|
301
|
1,149
|
|
Non Interest Income
|
87
|
83
|
5%
|
99
|
350
|
|
Total Income
|
392
|
356
|
10%
|
400
|
1,499
|
|
Operating Expenses
|
(225)
|
(215)
|
(5%)
|
(215)
|
(853)
|
|
Operating Profit
|
167
|
141
|
18%
|
185
|
647
|
|
Provisions
other than Tax
|
(41)
|
(33)
|
(22%)
|
(34)
|
(140)
|
|
Net Profit Before Tax
|
126
|
108
|
16%
|
151
|
507
|
|
Tax
|
(45)
|
(38)
|
(16%)
|
(54)
|
(181)
|
|
Net Profit After Tax
|
81
|
70
|
17%
|
96
|
325
|
Key Balance Sheet
Parameters
|
Rs. Cr.
|
Jun
30,
2019
|
Mar
31,
2019
|
Dec 31,
2018
|
Sep 30,
2018
|
Jun
30,
2018
|
|
Total Assets
|
36,282
|
35,792
|
34,382
|
32,510
|
31,178
|
|
Deposits
|
28,789
|
28,435
|
27,509
|
26,169
|
25,032
|
|
Net Advances
|
24,044
|
23,568
|
22,888
|
22,069
|
21,243
|
|
Investments
|
7,995
|
7,844
|
7,516
|
7,003
|
7,053
|
|
Shareholders’ Equity
|
3,161
|
3,116
|
3,017
|
2,931
|
2,854
|
|
Gross NPA Ratio
|
1.96%
|
1.84%
|
1.92%
|
1.84%
|
1.86%
|
|
Net NPA Ratio
|
0.81%
|
0.65%
|
0.71%
|
0.70%
|
0.72%
|
|
Coverage Ratio
|
75.59%
|
78.77%
|
76.99%
|
76.82%
|
76.09%
|
|
CASA Ratio
|
24.53%
|
23.95%
|
24.25%
|
24.30%
|
24.63%
|
|
Credit Deposit Ratio
|
83.52%
|
82.88%
|
83.20%
|
84.33%
|
84.86%
|
About DCB Bank
DCB Bank Limited is a new generation private sector
bank with 334 branches across 19 states and 3 union territories. It is a
scheduled commercial bank regulated by the Reserve Bank of India. It is
professionally managed and governed. DCB Bank has contemporary technology and
infrastructure, including state-of-the-art India’s first Aadhaar number &
fingerprint based biometric ATMs, and internet banking for personal as well as
business banking customers.
The Bank’s business segments are Retail, micro-SMEs,
SMEs, mid-Corporate, Microfinance Institutions (MFI), Agriculture, Commodities,
Government, Public Sector, Indian Banks, Co- operative Banks and Non Banking
Finance Companies (NBFC). DCB Bank has more than 6,00,000 active customers.
For more details please visit www.dcbbank.com
Kindly direct your enquiries to:
|
Gaurav Mehta,
Marketing & PR DCB Bank Limited
Cell phone: +91 9870432101
Landline:
+91 22 66187000 Email: gauravm@dcbbank.com
|
Jyothi Goswami
Adfactors PR
Cell phone: +91 9702488388
Landline:
+91 22 67574325 Email: jyothi@adfactorspr.com
|
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