DCB Bank Q2 Results| Profit Rises 23% To ₹155 Cr, NII Up 7%

DCB Bank Ltd released its Q2 FY25 financial results on Thursday, October 24. The Bank reported a Profit After Tax (PAT) of INR 155 crore for Q2 FY25, a 23% rise from INR 127 crore in Q2 FY24. Year-on-year, advances grew by 19%, and deposits increased by 20%. As of September 30, 2024, the Gross NPA stood at 3.29%, and the Net NPA was 1.17%. The Provision Coverage Ratio (PCR) reached 75.62%, with PCR excluding Gold Loan NPAs at 76.41%. The Bank’s Capital Adequacy Ratio remains robust at 15.55% under Basel III norms, with Tier I at 13.65% and Tier II at 1.90%. Commenting on the results, Praveen Kutty, MD & CEO of DCB Bank, said, “Our growth in both deposits and advances remains strong, with enhanced focus on analytics and customer engagement boosting our fee line. We’re also seeing positive momentum in recoveries and upgrades, and expect steady improvements in productivity and profitability.” Tune in for a conversation with Praveen Kutty on DCB Bank’s Q2 performance and future growth strategies.