Private sector lender DCB Bank reported a 61% growth in net profit at Rs 63 crore for Q4 FY15, riding on higher net interest income. Net interest income rose to R130 crore, 30% higher than the year earlier. Its net interest margin also increased 5 bps sequentially to 3.75%.
DCB Bank’s net advances rose to R10,465 crore, up 28.56% y-o-y and its net non-performing assets (NPAs) ratio stood at 1.01% in Q4FY15, almost unchanged from 1% in the Q3. Its capital adequacy ratio was at 14.95% under Basel III as on March 31, 2015. The total income of the bank in Q4 rose 32.3% y-o-y to R176 crore.