Oct 31, 2023 / 12:30PM GMT
Operator
Ladies and gentlemen, good day, and welcome to the DCB Bank Limited Q2 FY '24 Earnings Conference Call. Joining us on the call today are Mr. Murali M. Natrajan, Managing Director and CEO; Mr. Ravi Kumar, Chief Financial Officer; and Mr. Ajit Kumar Singh, Chief Investor Relations Officer. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Murali M. Natrajan. Thank you, and over to you, sir.
Murali M. Natrajan - DCB Bank Limited - MD, CEO & Non-Independent Executive Director
Thank you very much for joining this call. We also have Sridhar Seshadri, our Chief Risk Officer; R. Venkatesh, our HR operations and IT Head; and then we have Praveen Kutty, who is our Head of Retail Banking and Agri Banking.
So let me just give you a few points, and then we will open up for questions. Our advances growth was about 19% and deposit growth was 23%. The market conditions were tough. So the cost of funds went up and were not easy to grow CASA balances. That had some impact on NIM, and we expect
Q2 2024 DCB Bank Ltd Earnings Call Transcript
Mar 20, 2024
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