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DCB Bank has reported an 11 per cent increase in third quarter net profit at ₹57 crore, against ₹51 crore in the year-ago period.
In the October-December 2017 quarter, net interest income (difference between interest earned and interest expended) was up 20 per cent year-on-year (y-o-y) to ₹250 crore. Non-interest income (includes non-fund-based income such as brokerage and commission, fees, earnings in foreign exchange transactions, profit/loss on sale of investments and income from sale of priority sector lending certificates) increased 17 per cent y-o-y to ₹75 crore.
Deposits grew 13 per cent y-o-y to ₹21,296 crore as at December-end 2017. The low-cost current account, savings account (CASA) deposits as a proportion of total deposits fell marginally to 25.67 per cent as at December-end 2017, against 25.85 per cent as at December-end 2016.
Net advances rose 28 per cent to ₹18,595 crore. Net interest margin in the reporting quarter improved to 4.12 per cent against 3.95 per cent in the year-ago quarter.
The gross non-performing assets (GNPA) ratio nudged up to 1.89 per cent of total advances, against 1.55 per cent in the year-ago quarter.
Shares of the private sector bank closed at ₹193.55 apiece, down 0.21 per cent over the previous close on the BSE.
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