DCB Bank Limited — Updates, 24-01-2025: Press Release
24-01-2025 | 06:45 pm
24-01-2025 | 06:45 pm
DCB Bank's latest results showcase strong growth for Q3 FY 2025, with Profit After Tax reaching ₹151 Cr, a 20% increase from ₹127 Cr in Q3 FY 2024. Advances grew by 23% year-on-year, and deposits increased by 20%. The Gross NPA ratio improved to 3.11%, while Net NPA remained stable at 1.18%. The bank maintains a robust Capital Adequacy Ratio of 16.29%.
Managing Director & CEO Praveen Kutty emphasized consistent growth in advances and deposits, alongside improved asset quality and a positive outlook for future performance despite challenges in microfinance and unsecured lending.
This performance positions DCB Bank favorably amid the competitive landscape, making it an entity to watch closely for potential growth opportunities.
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