DCB Bank announced Q2FY23 results: The bank's Profit After Tax (PAT) for Q2FY23 was at Rs 112 crore. In comparison, PAT for Q2FY22 was at Rs 65 crore, a growth of 73%. Advances growth was at 18% YoY and deposit growth was at 16% YoY. The gross NPA as on September 30, 2022, was at 3.89%. Net NPA was at 1.54% on the same date. Both declined sequentially in comparison to last year. The Provision Coverage Ratio (PCR) was at 72.83% and PCR without considering gold loans NPAs was at 74.21%. Capital Adequacy continues to be strong. As on September 30, 2022, the Capital Adequacy Ratio was at 17.91 % (with Tier I at 14.94% and Tier II at 2.97% as per Basel Ill norms). Murali M Natrajan, Managing Director & CEO, said, "Cost Investments so far is yielding desired disbursals I growth momentum in loans. We expect to improve further. Upgrades and recoveries continue to be strong. Restructured portfolio performing in line with expectations. GNPA and NNPA steadily declining." Result PDF