DCB Bank

A higher Net Interest Income (NII), up 24% (YoY) at Rs.335 crore helped the bank end Q2FY15 with a 24% jump in net profit at Rs.41 crore.  NII included Rs. 5 crore of Income Tax refund. NIM for the quarter came in at 3.72% v/s 3.68% (YoY) and flat when compared QoQ at 3.71% and this was despite a 22% rise in operating costs.

In terms of asset quality, Gross NPA rose sequentially from 1.78% to 1.90% and so did Net NPA, which rose to 0.97% to 1.07%. This increase has been on account of slippage in one account each in Corporate Banking and Agriculture & Inclusive Banking. Provision coverage ratio has come down to 76.97% from 80.67% (YoY) and 79.07% (QoQ) but Provisions has come down from Rs.37 crore to Rs.19 crore (QoQ) but more than doubled on YOY, from Rs.7 crore. The capital adequacy ratio was 13.04% according to Basel-III norms. The Tier-I capital adequacy ratio was 12.16%. The Bank currently has 142 branches.