Dcb Bank Limited · NSE:DCBBANK
Dcb Bank — Investor Presentation (November 2025)
48 slides from Dcb Bank's investor presentation, Nov 14, 2025
Slide 1: Cover letter: Presentations for Institutional Investors/Analysts Meet
Ref. No.CO:CS:RC:2025-26:231 November 14, 2025 BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, Dalal Street, Bandra – Kurla Complex, Bandra (East), Fort, Mumbai - 400 001 Mumbai 400 051 Scrip Code: 532772 NSE Symbol: DCBBANK Dear Sirs, Subject: Presentations for In
Slide 2: Investor Meet 14 November 2025 – Presentation by Ravi Kumar, CFO
Investor Meet 14 November 2025 Presentation by Ravi Kumar, Chief Financial Officer 1 DCB Bank Limited
Slide 3: DCB Bank – Price to Book (P/BV) ratio for Last 15 years
DCB Bank – Price to Book (P/BV) ratio for Last 15 years 3.00 2.50 2.00 1.50 1.00 0.50 0.00 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY 2011-12 FY 2012-13 FY 2013-14
Slide 4: Key Ratios - Average for 12 Quarters (Q4 FY16-17 to Q3 FY19-20)
Key Ratios - Average for 12 Quarters (Q4 FY16-17 to Q3 FY19-20) Sr. No. Parameters Average for 12 Quarters 1 Growth - Advances 21.17% 2 Growth - Deposits 20.50% 3 Yield on Advances 11.46% 4 Cost of Deposits 6.63% 5 Net Interest Margin (NIM) 3.94% 6 Gross NPA 1.87% 7 Credit Cost 0.50% 8 Cost to Avera
Slide 5: How did we fare in the last 6 quarters?
How did we fare in the last 6 quarters? 4 DCB Bank Limited
Slide 6: Growth - Advances
Growth - Advances 24.73% 24.00% 22.67% 21.17% 21.42% 18.90% 19.29% 19.14% 18.00% Advances growing consistently. 12.00% Average of 21.02% 6.00% 0.00% 12 Qtr Avg Q1FY24-25 Q2FY24-25 Q3FY24-25 Q4FY24-25 Q1FY25-26 Q2FY25-26 Pvt Bank <3L* 14.82% 14.13% 14.01% 13.41% 11.89% 13.04% *Private Banks (excludin
Slide 7: Growth - Deposits
Growth - Deposits 24.00% 21.64% 20.50% 20.19% 20.28% 20.02% 19.86% 18.79% 18.00% Deposits growing consistently 12.00% Average of 20.13% 6.00% 0.00% 12 Qtr Avg Q1FY24-25 Q2FY24-25 Q3FY24-25 Q4FY24-25 Q1FY25-26 Q2FY25-26 Pvt Bank <3L* 12.93% 13.62% 12.09% 11.49% 13.12% 13.20% *Private Banks (excluding
Slide 8: Yield on Advances
Yield on Advances 12.00% 11.46% 11.50% 11.39% 11.44% 11.54% 11.24% 11.11% Yield of about 11.47% for first four quarters 9.00% In FY25 Q1 and Q2, yield 6.00% drop of 43bps against a 100bps repo rate cut 3.00% Going forward, product mix is expected to 0.00% 12 Qtr Avg Q1FY24-25 Q2FY24-25 Q3FY24-25 Q4F
Slide 9: Cost of Deposits
Cost of Deposits 8.00% 7.10% 7.12% 7.28% 7.12% 7.09% 6.96% 6.63% 6.00% Declining trend in cost of deposits 4.00% Re-pricing benefit to play out fully in further 3-4 more quarters 2.00% 0.00% 12 Qtr Avg Q1FY24-25 Q2FY24-25 Q3FY24-25 Q4FY24-25 Q1FY25-26 Q2FY25-26 8 DCB Bank Limited
Slide 10: Net Interest Margin (NIM)
Net Interest Margin (NIM) 4.00% 3.94% 3.39% 3.27% 3.30% 3.29% 3.23% 3.20% Reduction in Cost of 3.00% deposit is key driver to improve NIM 2.00% We expect to reach 3.30% to 3.40% as the deposit repricing unfolds 1.00% over the next 3-4 quarters 0.00% 12 Qtr Avg Q1FY24-25 Q2FY24-25 Q3FY24-25 Q4FY24-25
Slide 11: Gross NPA
Gross NPA 4.00% 3.33% 3.29% 3.11% 2.99% 2.98% 2.91% 3.00% Marginally improving trend line Q-o-Q 2.00% 1.87% Management actions underway to improve collections / recoveries 1.00% and others 0.00% 12 Qtr Avg Q1FY24-25 Q2FY24-25 Q3FY24-25 Q4FY24-25 Q1FY25-26 Q2FY25-26 Pvt Bank <3L* 3.12% 3.07% 2.97% 2.
Slide 12: Credit Cost
Credit Cost 0.59% 0.60% 0.50% 0.45% 0.38% Credit cost has been 0.36% consistently below 40bps 0.31% 0.30% 0.27% Q1 FY2025-26 includes 0.18% an one-time provision of 0.15% 21bps for MFI / Unsecured DA 0.00% 12 Qtr Avg Q1FY24-25 Q2FY24-25 Q3FY24-25 Q4FY24-25 Q1FY25-26 Q2FY25-26 Pvt Bank <3L* 0.68% 0.7
Slide 13: Cost to Average Assets
Cost to Average Assets 2.75% 2.75% 2.72% 2.71% 2.59% Significant improvement 2.54% in cost to average assets 2.52% 2.50% 2.43% 32bps reduction from peak of 2.75% in Q2 FY2024-25 2.25% 12 Qtr Avg Q1FY24-25 Q2FY24-25 Q3FY24-25 Q4FY24-25 Q1FY25-26 Q2FY25-26 Pvt Bank <3L* 3.03% 3.01% 3.01% 3.11% 2.98% 2
Slide 14: Operating Leverage
Operating Leverage 2.40 2.23x 2.17x 1.80 1.59x Rate of growth of Operating income to rate 1.38x of growth of operating 1.20x 1.20 expense 0.97x 0.61x Operational efficiency 0.60 increasing consistently 0.00 12 Qtr Avg Q1FY24-25 Q2FY24-25 Q3FY24-25 Q4FY24-25 Q1FY25-26 Q2FY25-26 13 DCB Bank Limited
Slide 15: Return on Average Assets (ROA)
Return on Average Assets (ROA) 1.00% 0.96% 0.95% 0.93% 0.94% 0.86% 0.82% 0.81% Improvements in ROA will be result of 0.75% • Benefits flowing from 0.50% reduction in Cost of deposit • Continued focus / 0.25% tight leash on operating costs • Controlled credit costs 0.00% 12 Qtr Avg Q1FY24-25 Q2FY24-2
Slide 16: Return on Equity (ROE)
Return on Equity (ROE) 13.57% 13.20% 12.65% 11.98% 12.00% 11.30% 11.56% 10.93% In Earnings call on 17th October 2025 MD&CEO 8.00% has guided FY 26-27 – 13.5% and 4.00% FY 27-28 – 14.5% (without considering any additional capital that may be raised during this period) 0.00% 12 Qtr Avg Q1FY24-25 Q2FY2
Slide 17: Price to Book (P/BV)
Price to Book (P/BV) 2.12 2.00 Quarter on quarter growth in book value on a consistent basis 1.50 1.00 0.88 0.82 0.76 0.73 0.70 0.65 0.50 0.00 12 Qtr Avg Q1FY24-25 Q2FY24-25 Q3FY24-25 Q4FY24-25 Q1FY25-26 Q2FY25-26 Book Value 156.19 161.30 165.56 171.96 176.59 180.41 16 DCB Bank Limited
Slide 18: Some Highlights of last 6 quarters
Some Highlights of last 6 quarters • Consistent growth of over 18%, Balance Sheet Size crossed milestone of ₹ 75,000 crores in Q4 FY 25 and is ₹ 78,890 crores as at Q2 FY26. • Consistent increase in core fee income. Highest Fee income growth in last 16 years (58% YOY) in FY25. • Step by step reducti
Slide 19: Summary of how we fared in last 6 quarters
Summary of how we fared in last 6 quarters… Average for 12 Quarters Average of last 6 quarters Sr. No. Parameters (Q4 FY16-17 to Q3 FY 19-20) (Q1 FY24-25 to Q2 FY25-26) 1 Growth - Advances 21.17% 21.02% 2 Growth - Deposits 20.50% 20.13% 3 Yield on Advances 11.46% 11.37% 4 Cost of Deposits 6.63% 7.11
Slide 20: Thank you
Thank you 19 DCB Bank Limited
Slide 21: Investor Meet November 2025 – Presentation by Praveen Kutty, MD&CEO
Investor Meet 14 November 2025 Presentation by Praveen Kutty, MD&CEO
Slide 22: What remains constant?
What remains constant ? Secured = Lower Loss Given Default Granular = Higher Stickiness Geographically Diversified = Low Regional Concentration Self Employed Franchise = Large, Underserved & Resilient 2 DCB Bank Limited
Slide 23: What have we been up to?
What have we been up to? 3 DCB Bank Limited
Slide 24: Calm Transitions – No News Is Good News
What has changed ? Calm Transitions – No News Is Good News CFO - Internal MD & CEO - Internal ED - Internal CRO - Internal Head HR - Internal Chief Internal Auditor - Internal 4 DCB Bank Limited
Slide 25: The Sourcing Mix
What has changed ? The Sourcing Mix Altered the BL/HL Ratio Ramped Up Gold Loan Through Branches Expanded Secured School Finance Tractor Fills Up The MFI vacuum Leveraged Partnerships Direct over DSA 5 DCB Bank Limited
Slide 26: Toning Up; Shedding fat
What has changed ? Toning Up; Shedding fat Improving Productivity, Reducing Non-Performers Building Deposits, Decreasing Cost Of Deposits (COD) Relying on Technology, Controlling Costs Expanding Assets, Conserving Capital 6 DCB Bank Limited
Slide 27: Improving Productivity, Reducing Non-Performers
What has changed ? Improving Productivity, Reducing Non-Performers 12,250 10.00 9.81 11,896 11,910 9.50 9.21 11,500 11,339 8.97 9.00 11,057 8.49 10,886 8.30 8.31 10,792 8.50 10,750 8.00 10,000 7.50 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 No. of Employees Business per Employee 7 DCB Bank Limited
Slide 28: Building Deposits, Decreasing COD
What has changed ? Building Deposits, Decreasing COD 0.89% 0.77% 0.79% 0.78% 1.00% 0.72% 0.60% 8.00% 0.50% 6.00% 0.00% -0.50% 4.00% 8.05% 8.05% 8.05% 8.00% 7.16% 7.28% 7.26% 7.28% 7.40% 7.20% 6.62% 6.60% -1.00% 2.00% -1.50% 0.00% -2.00% Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Average of 6 Banks DC
Slide 29: Relying on Technology, Controlling Costs
What has changed ? Relying on Technology, Controlling Costs • Gradatim system – Gold loan onboarding from 150 minutes to 30 minutes • CUBE – No paper, no courier, no delay, no error, account opening. • Niyox customer onboarding – Obtain arguably the best card for FX transactions from anywhere in Ind
Slide 30: Expanding Assets, Conserving Capital
What has changed ? Expanding Assets, Conserving Capital Risk Weighted Assets / Total Assets 54.00% 53.05% 52.00% 51.02% 50.00% 49.42% 49.43% 49.34% 49.08% 48.00% 46.00% Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 10 DCB Bank Limited
Slide 31: DCB Bank Limited – Reaching for the Stars
* REACHING FOR STE STARS
Slide 32: We have the opportunity to scale up into an organisation
We have the opportunity to scale up into an organisation, which provides timely, tailormade solutions that meet all the financial needs of the self employed businessmen in every neighbourhood where we operate. 12 DCB Bank Limited
Slide 33: The Canvas On Which We Operate
What defines us ? The Canvas On Which We Operate MSME / SELF EMPLOYED DCB FULL SOLUTIONS GEOGRAPHICALLY PROVIDER DIVERSIFIED 13 DCB Bank Limited
Slide 34: The Core Of Who We Are
What defines us ? The Core Of Who We Are SECURE DCB TECH DRIVEN GRANULAR 14 DCB Bank Limited
Slide 35: The Culture We Are Building
What defines us ? The Culture We Are Building HIGH GROWTH DCB CONSISTENT & LOW CREDIT COST PREDICTABLE 15 DCB Bank Limited
Slide 36: The Treasure Within…….
The Treasure Within……. 16 DCB Bank Limited
Slide 37: 76% of Customers have only 1 product with the Bank
The Treasure Within……. 76% of Customers….have only 1 product with the Bank 17 DCB Bank Limited
Slide 38: The Treasure Within…….
The Treasure Within……. For every 1 DCB Bank Gold Loan… 1 DCB Bank Home Loan… 1 DCB Bank Business Loan… 1 DCB Bank Overdraft Loan… There are DCB Bank customers with: 1.7 Gold Loans outside DCB Bank 3.3 Home Loans outside DCB Bank 1.7 Business Loans outside DCB Bank 0.9 Overdraft Loans outside DCB Ban
Slide 39: Savings A/c Only Customer Base
The Treasure Within……. Savings A/c Only Customer Base • Low balance low bureau score, a gold mine for gold loan • Low balance low bureau score, right fit for secured card • Low balance high bureau score, apt for TD • UPI – Chasing the flow for getting the float Opportunity disguised as deadwood 19 D
Slide 40: Did you know?
The Treasure Within……. Did you know ? 10.1% of all Indian Debit Card international spends in June 2025 happened through DCB Bank NiYo cards. 2.1% of all Indian (Debit +Credit+Prepaid) Card international spends in June 2025 happened through DCB Bank NiYo cards. ❑ Data Source – www.rbi.org.in 20 DCB B
Slide 41: DCB Bank NiYo customers – Half a million base
The Treasure Within……. DCB Bank NiYo customers – Half a million base. 27% of DCB NiYo customers who have used the card abroad, keep less than ₹1,000 in their savings accounts with DCB Bank From a “Service Provider” to a “Full Fledged Banker” 21 DCB Bank Limited
Slide 42: Shift from “Lender” to “Banker”
Shift from “Lender” to “Banker” 22 DCB Bank Limited
Slide 43: Term Loans to Overdraft
Term Loans to Overdraft From one time use to multi use. • Lender to Banker – Capturing the fund flow. • Meet Surplus, Deficit, Risk Protection & Trade needs. • Sustainable fee income. • Lesser run offs • In built early warning system • Better retention Play to your strengths – Building moats 23 DCB
Slide 44: Creating a business horizontal
Creating a business horizontal……. 1. Unified Cross-Sell Engine 2. Product Literacy Uplift for RMs 3. Digital-First Activation Flows Centralized intelligence layer driving next-best- Comprehensive training program building Seamless journeys that minimize friction product recommendations across all cu
Slide 45: Filling the gap……. – Cr SME Segment
Filling the gap……. 3 – 10 Cr SME Segment Fully Secured Sole Banking Transitioning from “Lender” to “Banker” 25 DCB Bank Limited
Slide 46: In Summary
In Summary • Unchanged foundations • Continued discipline on Costs, Credit Provisions & Capital • Thrust areas – Employee Productivity & Tech Adoption • Business Horizontal to supplement Business Verticals • Leverage moats • Continued focus on inorganic opportunities • Fill segment gaps 26 DCB Bank
Slide 47: The milestones for next two years
The milestones for next two years Adherence to core foundations AND annual growth of 18-20%, while remaining adequately capitalised between 15.50% to 17.00% • Net Interest Income to Average Assets – 3.15% to 3.20% • Fee Income to Average Assets – 1.00% to 1.05% • Cost to Average Assets – 2.45% to 2.
Slide 48: DCB Bank Limited – Reaching for the Stars
* REACHING FOR STE STARS