DCB Bank Q2FY19 profit jumps by 25 per cent

DCB Bank reported its results for the quarter ended September 30, 2018 on Wednesday.

The NII for Q2FY19 came in at Rs. 282 crore as against Rs. 248 crore as compared to the corresponding quarter last year, an increase of 17 per cent. Also, the net interest margin stood at 3.83 per cent as against 4.22 per cent for Q2FY18 and 3.90 per cent for Q1FY19.

The net advances rose to Rs. 22069 crore vs Rs. 17395 crore as compared with the corresponding quarter last year, an increase of 27 per cent.

The PAT for the quarter came in at Rs. 73 crore as against Rs. 59 crore in Q2FY18, an increase of 25 per cent.

The gross NPA ratio stood at 1.84 per cent as on September 30, 2018 as compared to 1.86 per cent as on June 30, 2018.

The Capital Adequacy Ratio (CAR) came in at 15.57 per cent as on September 30, 2018 with Tier-I at 12.02 per cent and Tier-II at 3.55 per cent as per Basel Ill norms.

On Wednesday, the stock opened at Rs 171 and made an intra-day low of Rs 158.75 and finally closed at Rs 160.40, on the BSE.