Development Credit Bank (DCB), the private sector bank, today reported a net profit of Rs 629.45 million for the quarter ended Mar. 31, 2015, an increase of 61.07% from net profit of Rs 390.79 million in the same period last year.
 
Total income has gone up 24.63% to Rs 4.25 billion for the quarter ended Mar. 31, 2015 from Rs 3.41 billion in the year ago period.

As on Mar. 31, 2015 the bank's deposits grew by 22% at Rs 126.09 billion while Net Advances grew by 29% and stood at Rs 104.65 billion as compared to Mar. 31, 2014.

Capital Adequacy Ratio was at 14.95% under Basel III as on Mar. 31, 2015.

Retail Deposits were at 80% of Total Deposits as on Mar. 31, 2015.

CASA ratio as on Mar. 31, 2015 was at 23.4% as against 25.0% as on Mar. 31, 2014.

The Gross NPA stood at 1.76% and Net NPA was at 1.01% as on Mar. 31, 2015.

Net Interest Margin for FY 2015 stands at 3.72% as against 3.56% for FY 2014. Q4 FY 2015 NIM was at 3.75% as against 3.59% for Q4 FY 2014 and 3.70% for Q3 FY 2015.

Murali M. Natrajan, MDirector & CEO said, ''Larger contribution from small ticket Retail / MSME / SME loans and limiting unsecured / large ticket exposure is helping us make steady progress while containing NPAs. We plan to expand our branch network and staff strength in a calibrated manner.''

Nasser Munjee, chairman said, ''I am pleased with our current year performance. It has been a satisfying journey so far. We are continuously improving and strengthening our franchise.''

Shares of the bank gained Rs 0.65, or 0.57%, to settle at Rs 115.25. The total volume of shares traded was 223,020 at the BSE (Monday).