Home Brand News DCB Bank announces Third Quarter FY 2019 Results

DCB Bank announces Third Quarter FY 2019 Results

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January 16, 2019, Mumbai: The Board of Directors of DCB Bank Ltd. (BSE: 532772; NSE:
DCB) at its meeting in Mumbai on January 16, 2019, took on record the limited reviewed
financial results of the third quarter (Q3 FY 2019).
Q3 FY 2019 Highlights:
a) The Bank’s Profit After Tax was at INR 86 Cr. in Q3 FY 2019 as against INR 57 Cr.
in Q3 FY 2018, an increase of 51%.
b) Profit Before Tax was at INR 134 Cr. in Q3 FY 2019 a stable growth as against INR
88 Cr. in Q3 FY 2018, an increase of 51%.
c) Operating Profit of INR 174 Cr. over INR 123 Cr. for the same period as compared
to last year.
d) The Bank earned Net Interest Income of INR 294 Cr. as against INR 250 Cr. as
compared to last year. Net Interest Income increased by 17%.
e) Non-Interest Income of INR 94 Cr. against INR 75 Cr. for the same period as
compared to last year. Fee Income grew by 26%.
f) As compared to Q2 FY 2019, Cost Income Ratio has improved by 366 bps and
stood at 55.22%.
g) Return on Equity (Annualised) was at 12.64% in Q3FY 2019 as compared to
11.13% in Q2FY 2019 and 9.29% in Q3FY 2018.
h) Net Advances grew to INR 22,888 Cr. as on December 31, 2018 from INR 18,595
Cr. as on December 31, 2017 a growth rate of 23%.
i) As on December 31, 2018, the Bank grew Deposits by 29% to INR 27,509 Cr. Retail
CASA & Retail Term Deposits continued to provide a stable resource base to the
Bank. Total Non-Callable Deposits were more than INR 5,000 Cr. as on December
31, 2018.
j) CASA ratio stood at 24.25% as on December 31, 2018 as against 25.67% as on
December 31, 2017, Savings Accounts year on year growth rate was 27%.
k) During the quarter, Bank has availed long term refinance from NABARD and NHB of
INR 600 Cr.
l) Net Interest Margin for Q3 FY 2019 stands at 3.83% as against 4.12% for Q3 FY
2018 and 3.83% for Q2 FY2019.
m) Gross NPA ratio stood at 1.92% as on December 31, 2018 as compared to 1.84%
as on September 30, 2018.

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