DBS India FY25 profit up 81% at Rs 684 crore

DBS Bank, India's largest foreign bank by number of branches, reported an 81% growth in net profit year on year led by a strong growth in interest income even as asset quality remained stable. Net profit increased to Rs 684 crore in the year ended March 2025 from Rs 377 crore a year ago, results published Friday by the bank on its website showed.

Profit was helped by a rise in both interest and fee income.



Total interest income increased 19% to Rs 9295 crore in the year ended March 2025 from Rs 7837 crore a year ago. Other income which consists of income from fees and treasury increased more sharply by 32% to Rs 2037 crore from Rs 1547 crore a year ago.



DBS is one of the two foreign banks with a local subsidiary. In 2020, it acquired the troubled Lakshmi Vilas Bank, giving it a vast network of branches across the country, especially in the South.



The bank, which has close to 500 branches across India, said its total assets locally increased 8% to Rs 1.40 lakh crore from Rs 1.30 lakh crore a year ago. Total assets included a loan book of Rs 55,360 crore in the year ended March 2025 up 3% to Rs 53,869 crore in the year ended March 2024. Loans to industry and services are the two of the largest components in the bank’s balance, together making up about 28% of the bank’s loan book.

Deposits increased 5% to Rs 83,314 crore in March 2025 from Rs 79,438 crore a year ago.

Asset quality remained stable with gross NPA at 2.78% of total loans down from 3.33% a year ago. Provisions increased 83% to Rs 614 crore from Rs 335 crore a year earlier.

The bank’s capital adequacy ratio was at 16.81% in March 2025 up from 15.75% a year ago.