DCB Bank Q2 result, Net profit up 31% at Rs 48.9 cr

DCB Bank today posted a 31.30 per cent increase in net profit at Rs 48.9 crore for the quarter ended on September 30, 2016. 

The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank said in a filing to BSE. 

Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore over the corresponding period of 2015-16. 

The gross Non-performing Assets (NPAs) of the bank increased to 1.75 per cent of total advances, from 1.72 per cent at the end of second quarter of 2015-16. 

However, net NPAs reduced to 0.84 per cent from 0.87 per cent of the total assets. 

The bank set aside Rs 26.48 crore as provisions, against Rs 21.67 crore in the year-ago quarter. 

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DCB Bank Q1 Result, Reports Rs 47 cr profit

Private lender DCB Bank (Development Credit Bank) today reported a marginal rise in net profit at Rs 47.03 crore for first quarter ended June 30, 2016. 

The bank's net profit was at Rs 46.87 crore in the corresponding period last fiscal. Total income has increased to Rs 530.75 crore during the quarter from Rs 467.44 crore in the year ago period, it said in a regulatory filing. 

Also, the bank improved on its asset quality with the gross non-performing assets (NPAs) or bad loans falling to 1.72 percent of gross advances as of June 2016 from 1.96 percent year-ago period. Net NPAs, too narrowed down to 0.87 percent from 1.22 percent a year earlier. 

However, provisions towards bad loans and contingencies were kept higher at Rs 20.53 crore for April-June quarter of current fiscal as against Rs 18.03 crore in same period last fiscal.

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DCB Bank Q4 profit up 10%, NII jumps 30%; asset quality improves

Private sector lender DCB Bank 's profit in January-March quarter increased 10.4 percent year-on-year to Rs 69.5 crore, driven by net interest income and other income but higher provisions limited growth. 

                                      

Net interest income, the difference between interest earned and interest expended, grew by 30 percent to Rs 168.69 crore during the quarter compared to Rs 129.68 crore in same quarter last year. 

Other income shot up 32.8 percent on yearly basis to Rs 61.45 crore and operating profit rose 42.6 percent to Rs 97.01 crore in quarter ended March 2016, the bank said. 

Provisions increased sharply by 30 percent quarter-on-quarter and 90.3 percent year-on-year to Rs 27.25 crore in last quarter of financial year 2015-16 but asset quality improved significantly. 

Gross non-performing assets (as a percentage of gross advances) in Q4FY16 declined to 1.51 percent from 1.98 percent in Q3FY16 and 1.76 percent in Q4FY15. Net NPA also slipped to 0.75 percent from 1.12 percent and 1.01 percent in same period. 

DCB Bank said it has sold certain non-performing loans to an asset reconstruction company during the current quarter and financial year.

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