Development Credit Bank Q3 FY 2010-11 results
January 18, 2011‐ Mumbai, Maharashtra, India
The Development Credit Bank Limited has announced its standalone Results for the quarter ended on December 31, 2010.
Interest earned of Rs. 14021.87 lacs for the quarter ending on 31-DEC-2010 against Rs. 12787.9 lacs for the quarter ending on 30-SEP-2010.
Interest expended of Rs. 9091.19 lacs for the quarter ending on 31-DEC-2010 against Rs. 8148.88 lacs for the quarter ending on 30-SEP-2010.
Net Profit / (Loss) of Rs. 816.93 lacs for the quarter ending on 31-DEC-2010 against Rs. 482 lacs for the quarter ending on 30-SEP-2010.
DCB Highlights
(a) DCB reported Net Profit of Rs. 8.17 Cr. in Q3 FY 2011 as against Net Loss of Rs. 18.09 Cr. in Q3 FY 2010.
(b) The Bank’s Net Profit for nine months ended December 31, 2010 is Rs.10.08 Cr.
(c) As on December 31, 2010, the Balance Sheet was at Rs. 6,989 Cr. as against Rs. 5,701 Cr. as on December 31, 2009 and Rs. 6,939 Cr. as on September 30, 2010
(d) Retail Deposits (Retail CASA and Retail Term Deposits) continued to show good results. Retail Deposits were at 79.0% of Total Deposits as on December 31, 2010 as against 83.9% as on December 31, 2009 and 78.7% as on September 30, 2010
(e) CASA ratio as on December 31, 2010 stands at 33.1% as against 38.1% as on December 31, 2009 and 34.6% as on September 30, 2010
(f) Net Advances grew to Rs. 3,956 Cr. as on December 31, 2010 from Rs. 3,138 Cr. as on December 31, 2009 and Rs. 3,840 Cr. as on September 30, 2010
(g) Net Interest Margin for Q3 FY 2011 stands at 3.13% as against 2.61% for Q3 FY 2010 and 3.14% for Q2 FY 2011
(h) Capital Adequacy Ratio (CAR) remained strong at 13.39% as on December 31, 2010 with Tier I at 11.13% and Tier II at 2.26% under Basel II
(i) Provisions for Q3 FY 2011 substantially reduced and were at Rs. 13 Cr. as against Rs. 26 Cr. in Q3 FY 2010 and Rs. 16 Cr. in Q2 FY 2011
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