Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Industry / Banking/  DCB Bank Q3 net profit remains flat at 96 crore
BackBack

DCB Bank Q3 net profit remains flat at ₹96 crore

DCB Bank's total income rose to ₹1,023.86 crore during the quarter under review as against ₹990.89 crore in the corresponding period a year ago

Net interest income or the core income of DCB Bank rose to Rs248 crore in the second quarter of 2017-18 from Rs190 crore in the year ago period. Photo: Pradeep Gaur/ MintPremium
Net interest income or the core income of DCB Bank rose to Rs248 crore in the second quarter of 2017-18 from Rs190 crore in the year ago period. Photo: Pradeep Gaur/ Mint

New Delhi: Private sector lender DCB Bank on Saturday reported a net profit of 96.21 crore for the third quarter ended December 2020. Its net profit was 96.70 crore in the October-December period a year ago, DCB Bank said in a regulatory filing.

DCB Bank's total income rose to 1,023.86 crore during the quarter under review as against 990.89 crore in the corresponding period a year ago. Gross non-performing assets (NPAs) declined to 1.96 per cent of the total advances, compared to 2.15 per cent at the end of the third quarter of previous fiscal.

Net NPAs to net advances declined to 0.59 per cent in October-December 2020 from 1.03 per cent a year ago. Provisions other than tax and contingencies doubled to 147.71 crore as against 59 crore in the same quarter a year ago.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

This story has been published from a wire agency feed without modifications to the text.

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 23 Jan 2021, 07:48 PM IST
Next Story footLogo
Recommended For You
Banking Stocks
₹1,053.6-0.5%
₹1,440.70.52%
₹1,0841.08%
₹122.751.3%
₹734.052.53%
Switch to the Mint app for fast and personalized news - Get App