Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Industry News

| More

DBS Bank Strengthens India franchise on 24% growth in advances and 15% in deposits during FY 2016-17

Posted On: 2017-07-10 20:38:39

DBS Bank India (DBS), part of Asia's leading financial services group, DBS Group Holdings Limited today announced its annual financial results for the fiscal ending 31 March, 2017.

Performance highlights for the year ended 31 March, 2017:

- Net advances grew by 23.7% to INR 21,838.2 crore
- Total deposits increased by 15.2% to INR 26,991 crore
- Gross and net non-performing assets (NPA) ratios were moderated to 3.77% and 2.12% respectively
- Capital Adequacy Ratio ended at 16.49% as on 31 March 2017
- Net investments reduced by 34.2% as the drop in interest rates levelled off, thereby moderating total assets growth at 1.6%. Total assets stood at INR 44,542.1 crore as on 31 March 2017

- Marginal increase in net profit at INR 12.8 crore for the year ended 31 March 2017 despite continued pressure due to drag from NPAs

Operating review:

Credit growth

There has been an increase in overall lending both in institutional banking and consumer banking segments in line with the bank's India strategy. Net advances increased by 23.7% to INR 21,838.2 crore from INR 17,653.1 crore in the corresponding period of the previous year.

Deposit growth

The growth in total deposits was marked by increase in current account balances by 22.6% to INR 1,751.4 crore, savings deposits by 69.8% to INR 782.1 crore and term deposits by 13.6% to INR 24,457.4 crore. Growth in CASA YoY was 34.1% albeit from a small base. The bank's CASA ratio improved to 9.4% compared from 8.1% last year.

Asset quality

The bank improved its net NPAs to 2.12% as on 31 March 2017 from 4.34% as on 31 March 2016. The reduction on gross and net NPAs was through recoveries, sale of NPAs as well as some written down assets to asset reconstruction companies (ARCs).

Capital Adequacy

Despite 23.7% growth in advances, the capital adequacy ratio remains strong at 16.49% (the 18.64% as on 31 March 2016 was at elevated levels due to a INR 667.5 crore capital infusion from Head Office in March 2016).

Speaking on the occasion, Surojit Shome, CEO - India, DBS Bank said: "Over the previous financial year our focused approach led to an all-around growth in advances and deposits and improvement in asset quality. We continue to drive the digital agenda for DBS Bank in India in our consumer, SME and institutional banking businesses."

At the overall group level, DBS reported net profit of SGD 4.24 billion for full-year 2016 with total income at a record SGD 11.5 billion.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

2.0 Audio Launch Sets Benchmark for International Film Events in Dubai
BSE and Ebix Sign MOU to Launch Joint Venture Company
Comments on on 'Pradhan Mantri Sahaj Bijli Har Ghar Yojana' - Power for All
SVC Bank launches hassle-free ASBA facility for IPOs
Flipkart's Big Billion Days To Kick In From September 20
Genpact Acquires Digital Customer Experience Consulting Firm TandemSeven
PAYBACK India Announces Appointment of new CEO
IndiaFirst Life acknowledged with Social Inclusion Award 2017 by Fintelekt
Apollo Munich Launches India's First Travel Insurance Chatbot - 'Travel Ninja'
On its run up to an IPO, ShopClues appoints Deepak Sharma as CFO
Cognizant Opens New Digital Business Collaboratory in London
Morphy Richards appoints J Walter Thompson as their creative agency
edX partners with IL&FS / IFIN to launch learning academy
PAYBACK India wins the Best Loyalty Program 2017 award at CMO Asia 'National Awards for Marketing Excellence'
Hyundai Launches the Most Unique & Global 'Online Buying Experience'- 'HyBuy'
Myntra launches The Game of Thrones collection ahead of the much awaited season 7
Apollo Munich Health Insurance ranked as top 'Great place to Work' in Indian Insurance Sector
92.7 BIG FM's New and Refreshed Stationality in Bengaluru, Celebrates Music With 'Sandalwood Jothe Bollywood Blast'
Omega Healthcare inaugurates 4th facility in Trichy
Broadridge Opens Fourth Office in India in Bangalore
Myntra targets 25x sales; 4 lakh new customers during the 6th edition of its flagship - 'End of Reason Sale'!
ARQ Midcap stocks gives its investors' 42.66% return on investments
Now check Train PNR status after booking tickets on Paytm
LANXESS to streamline the chrome value chain of its leather business
BankBazaar android app crosses 1Million downloads
Amazon.in launches 'GST Cafés' to train sellers on GST compliance
Overnite Express looking for franchise to expand all across the country
Salman Khan's Tubelight to be released across 4400 screens in India
Paytm introduces zero cancellation-handling fees for flight tickets
Finvasia introduces Zero brokerage trading - The new age of stock trading arrives
AGS Transact Technologies Limited to implement Automatic Fare Collection system for the Kochi Metro
LANXESS expects best results in company history in 2017
NIIT University (NU) addresses IT industry's urgent need for Next Gen digitally skilled engineers
Union Ministry of Food Processing Industries launches World Food India Website www.worldfoodindia.in
Hospitals, bidi workers and public health organizations welcome's GST Council decision to tax all tobacco products including bidis at 28% saving millions of lives
Gionee India Ropes In Prabhas as Brand Ambassador; Welcomes A Mighty Addition to The World Of #Selfiestan
Angel Broking bags prestigious 'Commodity Broker of the Year Award'
Angel Broking brings UPI in Investing
Bayer wins 'Best Employer in India 2017' Award
Yogi Adityanath cancels bids to procure 3800 MW power: Angel Broking
India's Buying Propensity Soars in January 2017, Dips Sharply in March
Start ups - Blue Ocean Market Intelligence and HelloSoda India win Angel Broking's Fintech Challenge
IBM and Red Hat Collaborate to Accelerate Hybrid Cloud Adoption with OpenStack
Elara Technologies Introduces a Un ique Offering for the Indian Real Estate Ecosystem for International Exposure
Tally Solutions joins hands with The Guild and CNBC Awaaz as Technology Partner and conducts its 'SME Futures' program in Hyderabad
Birlasoft Announces TruView CLM - a Salesforce Fullforce Solution for Media & Entertainment industry
Manipal CDC's new platform makes maiden investment in iGenetic Diagnostics
Tractors India Private Limited inks deal with RungePincockMinarco to deliver enterprise solutions for the Digital Mines of the Future
NASSCOM President Concludes Visit to Washington, DC
Quartz wins Arbitration Case against Jindal India Thermal Power Ltd


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017