{
DCB Bank Limited

Companies

}
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001122334455554433221100

DCB Bank chief emphasizes customer engagement and reducing non-performing assets

Praveen Kutty, the new MD & CEO of DCB Bank, emphasized that the bank's core fundamentals remain unchanged despite his recent appointment. He highlighted the need for improved customer engagement and aims to reduce gross non-performing assets, currently at 3 percent. Additionally, the Aga Khan Fund for Economic Development plans to increase its stake in the bank by infusing $10 million, raising its ownership to over 15 percent.
Moneycontrol
United States Dollar DCB Bank Limited IND Yasmin Aga Khan Praveen Kutty
Finance & Economy, Transcript
09:19 25.11.2024

easy home finance secures 35 million in series b funding round

Easy Home Finance has secured $35 million in Series B funding, led by Ranjan Pai’s Claypond Capital, with participation from several existing investors. The funds will support the company's goal of building an asset book of approximately $300 million within 24 months and expanding to over 150 locations nationwide. The firm has also partnered with DCB Bank to offer affordable home loans, leveraging its in-house prop-tech and credit tech for a streamlined consumer experience.
Moneycontrol
United States Dollar Sumitomo Mitsui Banking Corporation DCB Bank Limited IND Rohit Chokhani Ranjan Pai
Finance & Economy, Press Release
02:31 06.11.2024

DCB Bank maintains growth outlook despite mixed quarterly performance

DCB Bank reported a mixed quarter with core PAT falling 9% below expectations due to lower margins and higher provisions, despite a 1% better loan growth and improved fee income. The bank aims to double loans in 3-4 years, focusing on mortgages, MSME, and gold, while targeting an increase in ticket size to Rs4-5mn. NIM is expected to improve from 3.27% through better loan mix and efficiency, leading to a revised target price of Rs155, down from Rs180, while maintaining a 'BUY' rating.
Moneycontrol
DCB Bank Limited IND
Finance & Economy, Market Report
06:51 28.10.2024

DCB Bank reports strong growth and maintains buy rating with target price

DCB Bank reported a 22.6% YoY growth in PAT to INR 1.55 billion, driven by higher other income, while NII grew 7% YoY to INR 5.1 billion. Advances and deposits rose 19.3% and 20% YoY, respectively, with a stable PCR at 65.2%. The bank maintains a BUY rating with a target price of INR 160, reflecting a fine-tuned FY26 RoA/RoE estimate of 0.96%/13.7%.
Moneycontrol
Indian Rupee DCB Bank Limited IND Motilal Oswal
Finance & Economy, Market Report
11:38 27.10.2024

DCB Bank shares surge 10 percent after strong Q2FY25 profit results

DCB Bank's shares surged 10% to Rs 121 on October 25 following a robust Q2FY25 report, which showed a 22.6% year-on-year increase in net profit to Rs 155.5 crore. Net interest income rose 7% to Rs 509.2 crore, while asset quality improved with net non-performing assets at 1.17% and gross non-performing assets at 3.29%. CEO Praveen Kutty highlighted strong growth in deposits and advances, driven by enhanced analytics and customer engagement.
Moneycontrol
Indian Rupee DCB Bank Limited IND Praveen Kutty
Finance & Economy, Market Report
09:51 25.10.2024
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