Shares of DCB Bank’s gained 1% on Thursday after bank’s profit in the final quarter of FY19 rose 50% yoy to Rs96cr and NII for the same period under review grew 13.8% at Rs300.9cr.
The bank’s operating profit stood at Rs185cr vs. Rs142cr for the same period as compared to last year. Non-Interest Income for Q4FY19 stood at Rs99cr vs. Rs85cr for the same period as compared to last year. As compared to Q4 FY 2018, Cost Income Ratio has improved by 5.67% to 53.71% from 59.38%. Return on Equity (Annualised) was at 13.69% in Q4FY2019 vs. 10.20% in Q4FY2018 and 12.64% in Q3FY 2019.
Further, bank’s Net Advances grew to Rs23,568cr as on March 31, 2019 from Rs20,337cr as on March 31, 2018 a growth rate of 16%. As on March 31, 2019, the Bank grew Deposits by 18% to Rs28,435cr.
The bank’s operating profit stood at Rs185cr vs. Rs142cr for the same period as compared to last year. Non-Interest Income for Q4FY19 stood at Rs99cr vs. Rs85cr for the same period as compared to last year. As compared to Q4 FY 2018, Cost Income Ratio has improved by 5.67% to 53.71% from 59.38%. Return on Equity (Annualised) was at 13.69% in Q4FY2019 vs. 10.20% in Q4FY2018 and 12.64% in Q3FY 2019.
Further, bank’s Net Advances grew to Rs23,568cr as on March 31, 2019 from Rs20,337cr as on March 31, 2018 a growth rate of 16%. As on March 31, 2019, the Bank grew Deposits by 18% to Rs28,435cr.
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