The Board of Directors of DCB Bank (Development Credit Bank Ltd.) (BSE: 532772; NSE: DCB) at its meeting in Hyderabad on April 12, 2013, took on record the audited financial results of the fourth quarter (Q4 FY 2013) and the year ended March 31, 2013 (FY 2013).
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Speaking about the performance Mr. Murali M. Natrajan, Managing Director & CEO said, "Over the last 3 years we have almost doubled the Balance Sheet and Advances. We have crossed Rs. 10,000 Cr. Balance Sheet."
Speaking about the performance Mr. Nasser Munjee, Chairman said, "Discipline and hard work has helped us deliver consistent performance. We aim to build on our success while remaining cautious".
Highlights:
a) DCB Bank reported full year Net Profit of Rs. 102 Cr. in FY 2013 as against full year Net Profit of Rs. 55 Cr. in FY 2012. The Bank’s Net Profit for Q4 FY 2013 was Rs. 34 Cr. as against Net Profit of Rs. 17 Cr. in Q4 FY 2012.
b) As on March 31, 2013, the Balance Sheet was at Rs. 11,279 Cr. as against Rs.8,677 Cr. as on March 31, 2012, a growth rate of 30%.
c) Retail Deposits (Retail CASA and Retail Term Deposits) continued to provide a stable resource base to the Bank. Retail Deposits were at 77% of Total Deposits as on March 31, 2013.
d) CASA ratio as on March 31, 2013 was at 27.2% as against 32.1% as on March 31, 2012.
e) Net Advances grew to Rs. 6,586 Cr. as on March 31, 2013 from Rs. 5,284 Cr. as on March 31, 2012 a growth rate of 25%.
f) Net Interest Margin for FY 2013 stands at 3.34% as against 3.25% for FY 2012. Q4 FY 2013 NIM was at 3.52% as against 3.12% for Q4 FY 2012
g) Capital Adequacy Ratio (CAR) was at 13.61% as on March 31, 2013 with Tier I at 12.62% and Tier II at 0.99% as per Basel II norms
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
