For the third quarter ending December 31, 2024, private sector lender DCB Bank Ltd. announced a 19.6% year-over-year (YoY) growth in net profit at Rs.151.4 crore on Friday, January 24. In the same quarter of the previous fiscal year, the Vabk reported a net profit of Rs.126.6 crore.
The difference between a bank's interest income from lending and the interest it pays depositors is known as net interest income (NII), and it increased 14.5% to Rs.543 crore from Rs.474 crore in the same quarter of FY24.
In the December quarter, the gross non-performing asset (GNPA) ratio was 3.11%, compared to 3.29% in the September quarter. In comparison to 1.17% quarter-over-quarter (QoQ), net non-performing assets (NNPA) were 1.18%.
In the December quarter, the gross non-performing asset (GNPA) ratio was 3.11%, compared to 3.29% in the September quarter. In comparison to 1.17% quarter-over-quarter (QoQ), net non-performing assets (NNPA) were 1.18%.
As of December 31, 2024, DCB Bank recorded a strong 23% YoY rise in advances and a 20% YoY growth in deposits. While PCR excluding gold loan non-performing assets (NPAs) was slightly higher at 75.56%, the provision coverage ratio (PCR) was 74.76%.
With a capital adequacy ratio of 16.29% in accordance with Basel III standards, the bank maintained a healthy capital position. This comprised a 13.54% Tier I capital ratio and a 2.75% Tier II capital ratio. For Q3FY25, the cost-to-average-assets ratio was 2.59% and the credit cost was 0.38%, according to key efficiency and cost criteria.
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