Monday, July 26, 2021
HomeBusinessDCB Bank profit falls 10pc at Rs. 37 cr

DCB Bank profit falls 10pc at Rs. 37 cr

Private sector lender DCB Bank today reported 10.1 per cent decline in net profit to Rs. 36.93 crore for the second quarter ended September.

Bank’s net profit was Rs. 41.09 crore in the same quarter of last fiscal, 2014-15.

Its total income during the July-September quarter of 2015-16 rose to Rs. 464.87 crore, compared to Rs. 371.83 crore in the year-ago period, the bank said in a regulatory filing.

Provisioning for bad loans and other contingencies rose significantly to Rs. 21.67 crore during the quarter under review from Rs. 13.75 crore a year ago, it said.

On asset front, bank’s gross non-performing assets (NPAs) as a percentage of gross advances moved slightly up at 1.99 per cent as against 1.9 per cent a year ago.

Similarly, net NPAs or bad loans were at 1.16 per cent of the net advances in the second quarter, from 1.07 per cent a year earlier.

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