Home / Finance / News / DCB Bank's profit before tax declines 37.6% to Rs 93.84 crore in Q4

DCB Bank's profit before tax declines 37.6% to Rs 93.84 crore in Q4

Net profit for the financial year ended March 31, 2020 (FY20), stood at Rs 337.25 crore, up marginally from Rs 325.37 crore in FY19.

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Net profit for the reporting quarter declined to Rs 68.76 crore from Rs 96.33 crore in Q4FY19. Illustration: Ajay Mohanty

Abhijit lele Mumbai

2 min read Last Updated : May 23 2020 | 11:44 PM IST

Private sector lender DCB Bank’s profit before tax (PBT) fell 37.6 per cent to Rs 93.84 crore in the fourth quarter ended March 31, 2020 (Q4FY20), on sharp rise in provisions for bad loans. The bank had posted a PBT of Rs 150.5 crore in the quarter ended March 31, 2019 (Q4FY19).

Net profit for the reporting quarter declined to Rs 68.76 crore from Rs 96.33 crore in Q4FY19.

Net profit for the financial year ended March 31, 2020 (FY20), stood at Rs 337.25 crore, up marginally from Rs 325.37 crore in FY19.

Net interest income rose by eight per

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