DCB's fourth quarter net profit doubled from about Rs 17 crore to Rs 34 crore year-on-year driven by higher interest income. MD & CEO Murali Natrajan said the bank's full year growth in advances stood at 25 percent and deposits growth at 32 percent.
In an interview to CNBC-TV18, Murali M Natrajan, managing director and chief executive officer, DCB gives his expectationss for the bank's performance.
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.