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DCB Bank Q1 net zooms 39% to Rs 65 crore

The bank had reported a net profit of Rs 47 crore in the corresponding quarter of FY17

Press Trust of India  |  New Delhi 

DCB Bank Q1 net zooms 39% to Rs 65 crore

Private sector has reported a 39 per cent increase in net at Rs 65 crore for the first quarter ended June 30.

The bank had reported a net of Rs 47 crore in the corresponding quarter of 2016-17.


Total income during the quarter under review stood at Rs 319 crore, up 34 per cent from Rs 237 crore a year ago, the bank said in a filing.

During the quarter, net interest income grew by 31.6 per cent to Rs 233 crore, while non-interest income was up by 43.33 per cent to Rs 86 crore.

The bank's gross non-performing assets were at 1.74 per cent as on June 30, 2017, slightly up from 1.72 per cent a year ago.

Net NPAs stood at 0.92 per cent of the net advances, as against 0.87 per cent in the previous fiscal.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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