DCB is working on improving efficiency of operations and is also expanding its geographies, said Murali M Natrajan, MD & CEO of DCB adding that no pressure is visible on its portfolio.
The growth momentum of the bank will continue to be supported by stable asset quality and branch expansions, said Murali M Natrajan, MD & CEO, DCB Bank, in an interview to CNBC-TV18.
Murali M Natrajan, MD and CEO, DCB Bank says he is trying to make sure that cost income ratio consistently improves. The bank is making an attempt to deliver income growth at 20-22 percent every year, while controlling cost at 11-12 percent, he adds.
Private sector lender Development Credit Bank‘s (DCB) fourth quarter (Jan-March) net profit climbed 52% year-on-year to Rs 17.3 crore on back of robust loan book that expanded 23% y-o-y to Rs 5,284 crore. For the full fiscal year, net profit rose nearly three-fold to around Rs 55 crore as against Rs 21 crore a year back.
In an interview with CNBC-TV18, Murali M Natrajan, MD & CEO of DCB highlighted that it's net non-performing assets (NPAs) are below a 1%. He said that the bank has provided 100% of the NPAs on unsecured personal loans. So, the NPAs are expected to halve by the end of this year.