Press Release for Immediate Circulation

DCB Bank announces First Quarter FY 2024 Results

July 28, 2023, Mumbai: The Board of Directors of DCB Bank Ltd. (BSE: 532772; NSE:
DCB) at its meeting in Mumbai on July 28, 2023, took on record the limited reviewed
financial results of the First Quarter (Q1 FY 2024).

Highlights:

1) The Bank’s Profit After Tax (PAT) for Q1 FY 2024 was at INR 127 Cr. In comparison
Profit After Tax for Q1 FY 2023 was at INR 97 Cr., growth of 31%.

2) Advances growth year-on-year was at 19% and Deposit growth year-on-year was at
23%.

3) The Gross NPA as on June 30, 2023 was at 3.26%. Net NPA was at 1.19% as on
June 30, 2023. Both Gross NPA and Net NPA declined in comparison to last year.

The Provision Coverage Ratio (PCR) as on June 30, 2023 was at 77.07% and PCR
without considering Gold Loans NPAs was at 77.74%.

4) Capital Adequacy continues to be strong and as on June 30, 2023, the Capital
Adequacy Ratio was at 17.09% (with Tier I at 14.78% and Tier II at 2.31% as per
Basel III norms).

Speaking on the Q1 FY 2024 results Mr. Murali M. Natrajan, Managing Director & CEO said,
“The Bank delivered stable performance in Q1 FY 2024. Net Interest Margin and NPAs
were in line with our expectation.
Core products - Mortgages, Agri & Inclusive Banking, Construction Finance and Co-lending
delivered strong YoY growth”.

Key Balance Sheet Parameters

Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,
INR Cr.
2023 2023 2022 2022 2022
Total Assets 54,974 52,366 49,866 46,782 45,221
Deposits 43,009 41,239 39,506 36,960 35,081
Net Advances 35,474 34,378 32,965 31,291 29,814
Investments 13,395 12,582 10,854 10,473 9,943
Shareholders’ Equity 4,656 4,566 4,422 4,230 4,116
Gross NPA Ratio 3.26% 3.19% 3.62% 3.89% 4.21%
Net NPA Ratio 1.19% 1.04% 1.37% 1.54% 1.82%
Coverage Ratio 77.07% 79.34% 74.68% 72.83% 69.48%
CASA Ratio 25.97% 26.42% 27.62% 29.34% 28.57%
Credit Deposit Ratio 82.48% 83.37% 83.44% 84.66% 84.98%

Financial numbers are rounded off to nearest whole number Page 1 of 2

DCB Bank Limited

Corp. & Reg. Office: 6th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013
CIN: L99999MH1995PLC089008 Tel: +91 22 66187000 Fax: +91 22 66589970 Website: www.dcbbank.com
 DCB Bank Unaudited Results for the Quarter ended June 30, 2023

Q1 FY Q4 FY Q3 FY Q2 FY Q1 FY FY
INR Cr.
2023-24 2022-23 2022-23 2022-23 2022-23 2022-23
Interest Income 1,238 1,179 1,072 1,000 949 4,200
Interest Expense (767) (693) (626) (589) (575) (2,483)
Net Interest Income 471 486 446 411 374 1,717
Non-Interest Income 107 122 95 99 92 409
Total Income 578 608 541 510 466 2,126
Operating Expenses (369) (364) (347) (327) (300) (1,339)
Operating Profit 209 244 194 183 166 787
Provisions other than (38) (53) (41) (31) (35) (159)
Tax
Net Profit Before 171 191 153 152 131 628
Tax
Tax (44) (49) (39) (40) (34) (162)
Net Profit After Tax 127 142 114 112 97 466

About DCB Bank

DCB Bank Limited is a new generation private sector bank with 436 branches across 20 states
and 2 union territories. It is a scheduled commercial bank regulated by the Reserve Bank of
India. It is professionally managed and governed. DCB Bank has contemporary technology and
infrastructure, including state-of-the-art India’s first Aadhaar number & fingerprint based biometric
ATMs, and internet banking for personal as well as business banking customers.

The Bank’s business segments are Retail, micro-SMEs, SMEs, mid-Corporate, Microfinance
Institutions (MFI), Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-
operative Banks and Non Banking Finance Companies (NBFC). DCB Bank has more than
10,00,000 active customers.

A presentation for investors is separately available at www.dcbbank.com

Safe Harbour

Some of the statements contained herein are forward looking statements. These statements are
based on information currently available to us. There are risks and uncertainties which could
cause actual outcomes to differ materially from these forward looking statements. We assume no
responsibility to update these statements as circumstances change.

Kindly direct your enquiries to:

Gaurav Mehta, Marketing & PR Jyothi Goswami

DCB Bank Limited Adfactors PR
Cell phone: +91 9870432101 Cell phone: +91 9702488388
Landline: +91 22 66187000 Landline: +91 22 67574325
Email: [email protected] Email: [email protected]

Financial numbers are rounded off to nearest whole number Page 2 of 2

DCB Bank Limited

Corp. & Reg. Office: 6th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013
CIN: L99999MH1995PLC089008 Tel: +91 22 66187000 Fax: +91 22 66589970 Website: www.dcbbank.com