Healthy performance; other income gaining traction

Company

28 Oct 2024 | 5 Min Read

DCB Bank reported healthy earnings with 22.6% YoY growth in PAT.

NII grew 7% YoY to INR5.1b, while NIM moderated 12 bp QoQ to 3.27%.

Advances grew 19.3% YoY, supported by healthy growth in gold loans, agri banking, and mortgages.

Deposits rose 20% YoY, led by growth in CASA deposits, increasing CASA mix to 25.6%.

Fresh slippages inched up to INR3.89b, while GNPA/NNPA ratios moderated 4bp/1bp QoQ to 3.29%/1.17%.

The bank aims to double the book every 3-4 years and expects a full-year RoA of 1% for FY25-26.