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DCB Bank announced Q4F24 & FY24 results:

Financial Highlights:

• Annual PAT for FY 2024: Rs 536 crore, marking a 15% growth from Rs 466 crore in FY23.
• Profit After Tax (PAT) for Q4FY24: Rs 156 crore, a 9% increase from Rs 142 crore in Q4FY23.

Loan and Deposit Growth:

• Advances Growth: 19% YoY with specific growth in segments:
  • Mortgages: 22%
  • Co-lending: 23%
  • Construction Finance: 26%
  • Agri & Inclusive Banking: 30%
• Deposit Growth: Grew by 20% YoY.

Capital Adequacy and Ratios:

• Gross Non-Performing Assets (NPA): 3.23% as of March 31, 2024.
• Net NPA: Stood at 1.11% on March 31, 2024.
• Capital Adequacy Ratio: 16.59% with Tier I at 14.53% and Tier II at 2.06% as per Basel III norms.
• CASA Ratio: 26.02%.
• Credit Deposit Ratio: 82.92%.

 Commenting on the results, Murali M. Natrajan, Outgoing Managing Director & CEO, said, "I want to thank all the stakeholders for giving me the opportunity to contribute to the progress of the Bank. I wish all the best to the new Managing Director & CEO and the management team who will take this Bank forward. I am confident that DCB Bank will continue its growth trajectory and value creation."

Commenting on the results, Praveen Kutty, Designated Managing Director & CEO, said, "We continue our steady scale-up journey, with growth in chosen products as per strategy, namely, Mortgages, Agri & Inclusive Banking, Construction Finance and Gold. Our deposit franchise has registered strong growth, while continuing to maintain its granular profile. Upgrades and Recoveries continue to be good, resulting in lower credit costs. We intend to continue to improve growth and profitability."

Result PDF