Advances grew by 39% and stood at Rs. 5,964 Cr. as compared to December 31, 2011.
DCB Bank recently raised Rs. 40.23 Cr. of Tier I Capital through preferential allotment. Capital Adequacy Ratio was at 13.71% as per Basel II norms as at December 31, 2012.
The Board of Directors of Development Credit Bank Ltd. (BSE:532772; NSE: DCB) took on record the limited reviewed results for the third quarter (Q3 FY 2013) at its meeting in Mumbai on January 15, 2013.
Speaking about the performance Mr. Murali M. Natrajan, Managing Director & CEO said, “Business momentum is steadily increasing. NPAs are in control although environment has been difficult. We plan to increase our branch network in the coming months.”
Highlights:
a) DCB Bank reported Net Profit of Rs. 26.9 Cr. in Q3 FY 2013 against Net Profit of Rs.15.6 Cr. in Q3 FY 2012.
b) As on December 31, 2012, the Balance Sheet was at Rs. 9,644 Cr. as against Rs.8,261 Cr. as on December 31, 2011, a growth rate of 17%.
c) Retail Deposits (Retail CASA and Retail Term Deposits) continued to show positive movement. Retail Deposits were at 83% of Total Deposits as on December 31, 2012.
d) CASA ratio as on December 31, 2012 stands at 28.9% as against 33.1% as on December 31, 2011.
e) Net Advances grew to Rs. 5,964 Cr. as on December 31, 2012 from Rs. 4,306 Cr. as on December 31, 2011, a growth rate of 39%.
f) Net Interest Margin (NIM) stood at 3.38% for Q3 FY 2013 against 3.37% for Q3 FY 2012.
g) Capital Adequacy Ratio (CAR) was at 13.71% as on December 31, 2012 with Tier I
at 12.63% and Tier II at 1.08% as per Basel II norms.
h) Provisions continued to decline. In Q3 FY 2013 they were at Rs. 4.9 Cr. against Rs.6.9 Cr. in Q3 FY 2012.
i) The Bank has opened its 89th Branch on December 31, 2012 at Hinjilicut, Odisha
About DCB Bank
Development Credit Bank Ltd. (DCB Bank) is a modern emerging new generation private sector bank with 89 branches across 14 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 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 NonBanking Finance Companies(NBFC). DCB Bank has approximately 450,000 customers.The Bank has deep roots in India since its inception in 1930s. Its promoter and promoter group the Aga Khan Fund for Economic Development (AKFED) & Platinum Jubilee Investments Ltd. holds over 18% stake. AKFED is an international development enterprise.It is dedicated to promoting entrepreneurship and building economically sound companies.
AKFED operates as a network of affiliates with more than 90 separate project companies over 30,000 people. The fund is active in 16 countries in the developing world. AKFED had co-promoted HDFC in India in the late 70s. For more details please visit www.dcbbank.com & http://www.akdn.org/akfed
