DCB Bank posts 24 pc fall in Q4 net profit at Rs 53 cr

Private sector DCB Bank has reported 24.3 per cent fall in net profit at Rs 53 crore for the fourth quarter ended March of 2016-17 fiscal.
The bank had reported net profit of Rs 70 crore in January-March quarter of 2015-16.
Total income during the last quarter of 2016-17 stood at Rs 284 crore, up 23 per cent from Rs 230 crore a year ago, the bank said in a statement.
During the quarter, net interest income of the bank grew by 31 per cent to Rs 220 crore, while non-interest income was up by 3 per cent to Rs 64 crore.

Bank's gross non-performing assets were at 1.59 per cent as on March 31, 2017, slightly up from 1.51 per cent year ago.
Net NPAs or bad loans were 0.79 per cent of the net advances, as against 0.75 per cent year earlier.
For the full year 2016-17, net profit of the bank grew by 17.6 per cent to Rs 307 crore and total income was up by 24.5 per cent to Rs 1,046 crore.
Stock of the bank had closed 1.07 per cent down at Rs 179.65 on BSE on Thursday.