Private sector lender Development Credit Bank (DCB) today reported 90% jump in net profit to Rs 15.6 crore for the third quarter of the 2011-12 fiscal.
The bank had a profit of Rs 8.2 crore during the corresponding quarter of FY 2011, it said in a statement.
The bank further said that as on December 31, 2011, its deposits grew by 10% at Rs 6,191 crore while advances grew by 9% to Rs 4,306 crore as compared to the same period in 2010.
The bank's Net Interest Margin (NIM) stood at 3.37% for third quarter of FY12 as against 3.13% for Q3 FY11, it said.
Also, Capital Adequacy Ratio (CAR) was at 13% as on December 31 2011.
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