Moneycontrol
Oct 17, 2016 08:21 AM IST | Source: PTI

DCB Bank Q2 net profit up 31% at Rs 48.9 cr

The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank said in a filing to BSE.

 
 
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DCB Bank posted a 31.30 percent increase in net profit at Rs 48.9 crore for the quarter ended on September 30, 2016.

The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank said in a filing to BSE.

Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore over the corresponding period of 2015-16.

The gross Non-performing Assets (NPAs) of the bank  increased to 1.75 percent of total advances, from 1.72 percent at the end of second quarter of 2015-16.

However, net NPAs reduced to 0.84 percent from 0.87 percent of the total assets.

The bank set aside Rs 26.48 crore as provisions, against Rs 21.67 crore in the year-ago quarter.
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