The Dhanlaxmi Bank's loan-book witnessed a sharp growth largely due to a greater thrust on the retail segment and diversification across regions, the release said.
Total advances and total deposits continued to rise during the quarter, registering a year-on-year growth of 81.1% and 76.5%, respectively.
"Our focused approach to improve productivity across all business verticals has resulted in significant increase in profits...we are confident to deliver long-term growth for our customers and shareholders," Kabra said.
The bank's total income increased from Rs 182.4 crore in Q4 FY 10 to Rs 342.2 crore, recording a growth of 87.6%. Non-interest income rose from Rs 31.9 crore to Rs 46.1 crore in Q4 FY 11, an increase of 44.3% as a result of a focused thrust on fee-based business.
"On the NPA front, we achieved much success," Kabra said.
The gross NPA ratio declined from 1.54% as on March 31, 2010 to 0.74% as on March 31, 2011. NPAs worth Rs 10.41 crore were recovered during the year, he said.
The private lender''s total capital adequacy ratio (CAR) as at March 31, 2011 (computed as per Basel II guidelines) remained strong at 11.8%, the CFO added.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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