DCB Bank

The surge in DCB Bank share price came after the lender reported a strong set of quarterly results (Q2FY25) on Thursday, October 24, 2024.

Advances grew by 19.29 per cent Y-o-Y to Rs 44,465 crore in Q2FY25

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The provision coverage ratio (PCR), including written-off accounts, stood at 76 per cent in June 2024 as against 77.07 per cent a year ago

The capital adequacy ratio of DCB Bank stood at 16.59 per cent with Tier-I at 14.53 per cent at the end of March 2024

Private sector lender DCB Bank on Wednesday reported a net profit of Rs 156 crore in the March quarter, registering a 9.85 per cent jump over the year-ago period. The bank had reported a profit Rs 142 crore in the fourth quarter of the 2022-23 fiscal. The bank's total income rose to Rs 1,581 crore in the fourth quarter of FY24, from Rs 1,302 crore a year ago. For full 2023-24 fiscal, DCB Bank's net profit stood at Rs 536 crore, a jump of 15 per cent in the year-ago period. In 2022-23 fiscal, the net profit stood at Rs 466 crore. The bank's Board of Directors at its meeting on Wednesday also recommended a dividend of Rs 1.25 per equity share of face value of Rs 10 each, DCB Bank said in a regulatory filing. Shares of DCB Bank closed at Rs 136.45, up 10.17 per cent over the previous close on the BSE.

The Reserve Bank of India on Tuesday it has imposed penalties on DCB Bank and Tamilnad Mercantile Bank for non-compliance with certain directions related to 'interest rate on advances'. A monetary penalty of Rs 63.6 lakh has been imposed on DCB Bank, the RBI said in a statement. In a separate release, the central bank informed that a penalty of Rs 1.31 crore has been imposed on Tamilnad Mercantile Bank for non-compliance with certain directions issued by it on 'Interest Rate on Advances' and 'Central Repository of Information on Large Credits (CRILC) - Revision in Reporting'. In both cases, the RBI said the penalties were based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transactions or agreements entered into by them with their customers.

Banking and payment services provider NPST on Thursday announced that it has secured a contract for an Online Dispute Resolution (ODR) solution from DCB Bank. Private sector lender DCB Bank will implement NPST's ODR to streamline customer complaint addressal, enhance efficiency and rationalise operational and compliance costs, the company said in a release. NPSI focuses on UPI payments and digital banking solutions. It functions as a Technology Service Provider (TSP) and a Third-Party Aggregator Provider (TPAP), it said. "NPST's Online Dispute Resolution solution aligns with DCB Bank's customer-centric ethos, ensuring safe and secure payments while fostering loyalty-building interactions and driving productivity and cost savings," Deepak Chand Thakur, Co-founder and CEO of NPST, said. NPST's ODR, an advanced digital platform for prompt remediation of transactional disputes and customer complaints, enables DCB Bank to uphold high standards of customer service and transparency, the .

On December 8, 2023, the bank's board approved allotment of up to 6.06 million equity shares on a preferential basis, to Aga Khan Fund for Economic Development, at an issue price of Rs 137 per share.

The purpose is to further strengthen the bank's capital position and support its growth plans

DCB Bank on Tuesday reported a 13 per cent rise in net profit to Rs 127 crore in the September quarter, driven by core income. The private sector lender had posted a net profit of Rs 112 crore in the year-ago period. Total income in the second quarter of the current fiscal rose to Rs 1,413 crore from Rs 1,099 crore in the same period a year ago, DCB Bank said in a regulatory filing. The net interest income of the bank improved to Rs 476 crore in the quarter under review from Rs 411 crore a year ago. The bank's asset quality showed improvement as gross non-performing assets declined to 3.36 per cent of gross advances at the end of the September quarter from 3.89 per cent. Similarly, net NPAs or bad loans declined to 1.28 per cent as against 1.54 per cent in the year-ago period. However, capital adequacy ratio of the bank declined to 16.55 per cent as compared to 17.91 per cent at the end of the September quarter last year.

Federal Bank, Karur Vysya have to ensure that acquisition does not exceed 9.5% of their paid-up share capital

The Reserve Bank of India has granted its approval to Tata Asset Management Company (AMC) to increase stake in the private sector lender up to 7.5 per cent.

Private sector DCB Bank on Wednesday said it has received RBI approval to sell up to 7.5 per cent stake in the bank to Tata Asset Management Private Limited (TAMPL). The acquisition of stake up to 7.5 per cent of the paid-up equity capital of the bank would be through the schemes of Tata Mutual Fund, DCB Bank said in a regulatory filing. The approval is valid for a period of one year from the date of RBI letter dated July 5, 2023, it said. "The aforesaid approval by the RBI is subject to compliance with the relevant provisions of Banking Regulation Act, 1949, Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023 issued by RBI, provisions of the regulations issued by Securities and Exchange Board of India, provisions of the Foreign Exchange Management Act,1999 and any other guidelines, regulations and statutes as applicable," it said. TAMPL is also advised by the RBI to ensure that its aggregate shareholding

Natarajan, who was appointed in May 2009, will complete 15 years at the helm on April 28, 2024

Private sector lender DCB Bank on Friday posted a 25 per cent increase in its net profit to Rs 142 crore in the quarter ended March 2023. The Mumbai-based lender had posted a net profit of Rs 113 crore in the year-ago period. Total income during the January-March quarter of FY23 rose to Rs 608 crore from Rs 495 crore in the same period of FY22, the bank said in a statement. The Gross NPAs as of March 31, 2023, were 3.19 per cent. Net NPA was at 1.04 per cent as of March 31, 2023. Both Gross NPA and Net NPA declined sequentially as well as in comparison to last year, DCB Bank said. For the full 2022-23 fiscal, the bank's net profit jumped by 62 per cent to Rs 466 crore compared to Rs 288 crore in 2021-22.

It is important to note that AT1 bonds are unsecured, perpetual bonds that banks issue to improve their core capital base

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Private sector DCB Bank on Saturday reported a 52 per cent jump in its profit to Rs 114 crore for the December 2022 quarter, mainly due to a decline in bad loans. The bank's net profit stood at Rs 75 crore in the same quarter of the preceding financial year. The total income increased to Rs 541 crore in the latest December quarter from Rs 463 crore in the year-ago period, the bank said in a regulatory filing. At the same time, net interest income rose to Rs 446 crore against Rs 345 crore a year ago. On the asset quality front, the bank recorded an improvement, with gross NPAs (Non-Performing Assets) declining to 3.62 per cent compared to 4.78 per cent at the end of the third quarter of the previous fiscal. Net NPAs too eased to 1.37 per cent compared to 2.55 per cent in the year-ago period. The capital adequacy ratio stood at 16.26 per cent in the December quarter.

Private sector DCB Bank on Saturday posted a 73 per cent jump in net profit at Rs 112 crore for the quarter ended September 2022 on the back of reduction in bad loans. The bank had reported a profit of Rs 63 crore in the year-ago period. Total income of the lender during the July-September quarter of FY23 rose to Rs 510 crore against Rs 421 crore in the corresponding period of FY22, DCB Bank said in a statement. Net interest income increased to Rs 411 crore as against Rs 323 crore in the same period of the previous fiscal. The bank's gross non-performing assets (NPAs) declined to 3.89 per cent of the gross advances at the end of September 2022, from 4.73 per cent at September-end 2021. Net NPAs also came down to 1.54 per cent from 2.66 per cent. The Provision Coverage Ratio (PCR) as on September 30, 2022 was at 72.83 per cent. PCR without considering gold loan NPAs stood at 74.21 per cent, it said. Capital adequacy continues to be strong, it added. As on September 30, 2022, the