 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
DCB Bank dipped 7% to Rs 168 on BSE in intra-day trade after the bank reported 24% year on year drop in net profit at Rs 53 crore for the fourth quarter ended March 2017 (Q4FY17), on higher provisioning and higher tax expense. The private sector lender had profit of Rs 70 crore in the same quarter last fiscal.
Net interest income (NII), or interest earned minus interest expense, increased 30% to Rs 220 crore from Rs 169 crore last year.
The bank’s gross net performing assets (NPAs) as a percentage of total loans rose to 1.59% at
Net interest income (NII), or interest earned minus interest expense, increased 30% to Rs 220 crore from Rs 169 crore last year.
The bank’s gross net performing assets (NPAs) as a percentage of total loans rose to 1.59% at
