DCB Bank Q2 Results: Posted profit of INR 155 Crore

Mumbai: The Board of Directors of DCB Bank Ltd. at its meeting in Mumbai on October 24, 2024, approved the unaudited financial results for the quarter ended September 30, 2024 (Q2 FY 2025) along with limited review report by statutory auditors ‘Varma & Varma, Chartered Accountants’ and ‘B S R & Co. LLP, Chartered Accountants’.

Highlights of DCM Bank Q2 results:

1) The Bank’s Profit After Tax (PAT) for Q2 FY 2025 was at INR 155 Cr. In comparison Profit After Tax for Q2 FY 2024 was at INR 127 Cr., growth of 23%.

2) Advances growth year-on-year was at 19% and Deposit growth year-on-year was at 20%.

3) The Gross NPA as on September 30, 2024 was at 3.29%. Net NPA was at 1.17% as on September 30, 2024. The Provision Coverage Ratio (PCR) as on September 30, 2024 was at 75.62% and PCR without considering Gold Loans NPAs was at 76.41%.

4) Capital Adequacy continues to be strong and as on September 30, 2024, the Capital Adequacy Ratio was at 15.55% (with Tier I at 13.65% and Tier II at 1.90% as per Basel III norms).

Mr. Praveen Kutty, MD & CEO Comment on DCB Bank Result

Speaking on the Q2 FY 2025 results Mr. Praveen Kutty, Managing Director & CEO said, “Our growth trajectory continues to be robust both in deposits and advances. Greater focus on analytics and engagement to give us benefits on the fee line. Recoveries and upgrades continue to be encouraging. We are working on improving the productivity and looking ahead we expect steady improvement in profitability.”

Read Also : MSTC signs share purchase agreement with Konoike Transport Co Ltd for FSNL sale

About DCB Bank:

DCB Bank Limited is a new generation private sector bank with 451 branches across 20 states and 2 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, Cooperative Banks and Non Banking Finance Companies (NBFC).

Read Also : Justice Sanjiv Khanna appointed as next Chief Justice of India