DCB Bank Q4FY17 : Bank's PAT was at INR 200 Cr. in FY 2017 as against INR 195 Cr. in 2016 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
Trending
Powered by Blogger.
Friday, April 14, 2017

DCB Bank Q4FY17 : Bank's PAT was at INR 200 Cr. in FY 2017 as against INR 195 Cr. in 2016


DCB Bank announces 

Full Year FY 2017 Results

The Board of Directors of DCB Bank Ltd. (BSE: 532772; NSE: DCB) at its meeting in New Delhi on April 14, 2017, took on record the audited financial of the fourth quarter (Q4 FY 2017) and the year ended March 31, 2017 (FY 2017).

FY 2017 Highlights:

a)  The Banks Profit After Tax was at INR 200 Cr. in FY 2017 as against INR 195 Cr. in
FY 2016, an increase of 3% over the same period last year. Effective Tax Rate for FY
2017 was 34.9% as compared to 25.5% for FY 2016.

b)  Profit Before Tax was at INR 307 Cr. in FY 2017, an increase of 17% as against INR
261 Cr. in FY 2016.

c)  Operating Profit of INR 418 Cr. over INR 349 Cr. as compared to last year, an increase by 20%.

d)  The Bank earned Net Interest Income of INR 797 Cr. as against INR 620 Cr. for the same period as compared to last year, a growth rate of 29%.

e)  Non-Interest Income of INR 249 Cr. against INR 220 Cr. for the same period as compared to last year, an increase of 13%.

f Net Advances grew to INR 15,818 Cr. as on March 31, 2017 from INR 12,921 Cr. as on
March 31, 2016 a growth rate of 22%.

g)  Net Advances (excluding Corporate Banking) grew to INR 13,287 Cr. as on March 31,
2017 from INR 10,950 Cr. as on March 31, 2016 a growth rate of 21%.

h)  As on March 31, 2017, the Bank grew Deposits by 29% to INR 19,289 Cr. Retail CASA
& Retail Term Deposits continued to provide a stable resource base to the Bank. Retail
Deposits (including Agri and Inclusive Banking) were 76.54% of Total Deposits.

i CASA ratio increased to 24.31% as on March 31, 2017 as against 23.38% as on March
31, 2016. Savings Accounts year on year growth rate of 36%.

j Net Interest Margin for FY 2017 stands at 4.04% as against 3.94% for FY 2016.

k)  Gross NPA ratio was at 1.59% as on March 31, 2017 as compared to 1.51% as on
March 31, 2016.

l Net NPA ratio remained at 0.79% as on March 31, 2017 from 0.75% as on March 31,
2016.

m) Capital Adequacy Ratio (CAR) was at 13.76% as on March 31, 2017 with Tier I at
11.87%% and Tier II at 1.89% as per Basel III norms.

n)  As of March 31, 2017 the Net Restructured Standard Advances was approximately
INR 36 Cr (0.23% of Net Advances) comprising of 3 accounts.

o)  The Banks branch network increased to 262 branches   as on March 31, 2017, an increase of 64 branches during the year.




Q4 FY 2017 Highlights:

a)  The Banks Profit After Tax was at INR 53 Cr. in Q4 FY 2017 as against INR 70 Cr. in
Q4 FY 2016. Tax Rate for Q4 FY 2017 was 35.1% as compared to 0.3% for Q4 FY
2016.


b)  Profit Before Tax was at INR 81 Cr. in Q4 FY 2017, an increase of 17% as against INR
70 Cr. in FY 2016.

c)  Operating Profit of INR 115 Cr. over INR 97 Cr. as compared to last year, an increase by 19%.

d)  The Bank earned Net Interest Income of INR 220 Cr. as against INR 169 Cr. for the same period as compared to last year, a growth rate of 31%.

e)  Non-Interest Income of INR 64 Cr. against INR 61 Cr. for the same period as compared to last year, an increase of 3%.

Speaking about the FY 17 performance Mr. Murali M. Natrajan, Managing Director & CEO said, We have completed almost 70 percent of the 150 new branches roll out plan announced in October 2015. Our aim it to cross 300 + branches by December 2017. Business growth and momentum in Q4 2017 was better than Q3 2017. As of now NPAs remain in control we continue to remain watchful.

DCB Bank Results for the year ended March 31, 2017


Rs. Cr.
Q4 FY
2016-17
Q4 FY
2015-16
Inc / Dec
%
Q3 FY
2016-17
FY
2016-17
FY
2015-16
Interest Income
549
448
23
550
2,076
1,698
Interest Expense
(329)
(279)
(18)
(341)
(1,279)
(1,079)
Net Interest Income
220
169
31
209
797
620
Non Interest Income
64
61
3
64
249
220
Total Income
284
230
23
273
1,046
840
Operating Expenses
(169)
(133)
(27)
(164)
(628)
(491)
Operating Profit
115
97
19
109
418
349
Provisions other than
Tax
(34)
(27)
(25)
(31)
(111)
(88)
Net Profit Before Tax
81
70
17
78
307
261
Tax
(28)
-
-
(27)
(107)
(66)
Net Profit After Tax
53
70
(24)
51
200
195






Key Balance Sheet Parameters


Rs. Cr.
Mar 31,
2017
Dec 31,
2016
Sep 30,
2016
Jun 30,
2016
Mar 31,
2016
Total Assets
24,046
23,285
21,948
19,600
19,119
Deposits
19,289
18,840
17,685
15,680
14,926
Net Advances
15,818
14,584
14,436
13,337
12,921
Investments
5,818
6,065
5,463
4,381
4,333
Shareholders’ Equity
2,205
2,151
1,889
1,840
1,792
Gross NPA Ratio (%)
1.59
1.55
1.75
1.72
1.51
Net NPA Ratio (%)
0.79
0.74
0.84
0.87
0.75
Coverage Ratio (%)
73.8
75.64
75.4
75.25
77.55
CASA Ratio (%)
24.31
25.85
21.91
23.08
23.38
Credit Deposit Ratio (%)
82
77.41
81.63
85.06
86.57


About DCB Bank

DCB Bank Limited is a modern emerging new generation private sector bank with 262 branches across 18 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 Indias first Aadhaar number & fingerprint based biometric ATMs, and internet banking for personal as well as business banking customers.

The Bank has deep roots in India since its inception in 1930s. Its promoter and promoter group hold over 16% stake. The Banks business segments are Retail, micro-SMEs, SMEs, mid- Corporate, Microfinance Institutions (MFI), Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-operative Banks and Non Banking Finance Companies (NBFC). DCB Bank has more than 6,00,000 active customers.


For more details please visit www.dcbbank.com & http://www.akdn.org/akfed

Kindly direct your enquiries to:


Gaurav Mehta, Marketing & PR DCB Bank Limited
Cell phone: +91 9870432101
Landline: +91 22 66187000

Jyothi Goswami
Adfactors PR
Cell phone: +91 9702488388
Landline: +91 22 67574325



DCB Bank Q4FY17 : Bank's PAT was at INR 200 Cr. in FY 2017 as against INR 195 Cr. in 2016 Reviewed by S. Chitra on April 14, 2017 Rating: 5 DCB Ba n k an n oun c es   Full Year F Y 2 01 7 Resul t s T he B oa r d o f Di r ec t o r s o f DC B B ank L t d . ( ...

No comments:

Google+ Followers