The Gross NPA as on December 31, 2024 was at 3.11%
FinTech BizNews Service
January 24, 2025, Mumbai: The Board of Directors of DCB Bank Ltd. (BSE: 532772; NSE:
DCB) at its meeting in Mumbai on January 24, 2025, approved the unaudited financial results
for the quarter ended December 31, 2024 (Q3 FY 2025) along with limited review report by
statutory auditors ‘Varma & Varma, Chartered Accountants’ and ‘B S R & Co. LLP, Chartered
Accountants’.
Highlights:
1) The Bank’s Profit After Tax (PAT) for Q3 FY 2025 was at INR 151 Cr. In comparison
Profit After Tax for Q3 FY 2024 was at INR 127 Cr., growth of 20%.
2) Advances growth year-on-year was at 23% and Deposits growth year-on-year was at
20%.
3) The Gross NPA as on December 31, 2024 was at 3.11%. Net NPA was at 1.18% as
on December 31, 2024.
The Provision Coverage Ratio (PCR) as on December 31, 2024 was at 74.76%
and PCR without considering Gold Loans NPAs was at 75.56%.
4) Capital Adequacy continues to be strong and as on December 31, 2024, the Capital
Adequacy Ratio was at 16.29% (with Tier I at 13.54% and Tier II at 2.75% as per Basel
III norms).
Speaking on the Q3 FY 2025 results Mr. Praveen Kutty, Managing Director & CEO said,
“We are happy to see the consistency of growth momentum both on advances and
deposits. NIM has shown an uptick and fee momentum remains robust. While there are
headwinds in the microfinance and unsecured space, we are able to improve the overall
asset quality. The focus on productivity is improving the cost income ratio. We expect these
positive trends to continue in the times ahead”.
