DCB Bank Q1 profit rises 39% to Rs65 crore
New Delhi: Private sector DCB Bank has reported a 39% increase in net profit at Rs65 crore for the first quarter ended 30 June.
The bank had reported a net profit of Rs47 crore in the corresponding quarter of 2016-17. Revenue during the quarter under review stood at Rs319 crore, up 34% from Rs237 crore a year ago, the bank said in a BSE filing.
During the quarter, net interest income grew by 31.6% to Rs233 crore, while non-interest income was up by 43.33% to Rs86 crore. The bank’s gross non-performing assets were at 1.74% as on 30 June 2017, slightly up from 1.72% a year ago.
Net NPAs stood at 0.92% of the net advances, as against 0.87% in the previous fiscal.
- Bankruptcy of politics stalls common sense in India
- Market Live: Sensex rises 100 points, Nifty near 10,380, RIL shares gain 1%
- Now you can invest in bitcoin without the volatility, apparently
- Rupee opens marginally lower against US dollar
- Russia says US terror listing of North Korea could lead to ‘catastrophe’