DCB Bank Q4 Net Climbs 10.5% to Rs. 70 Crore

New Delhi: Private lender DCB Bank on Friday reported a 10.5 per cent rise in net profit at Rs. 70 crore for the fourth quarter ended March 31.

DCB Bank had posted a net profit of Rs. 63 crore in the year-ago period.

Total income of the company grew 19.86 per cent to Rs.509.56 crore, from Rs. 425.12 crore a year ago.

Overall provisions rose to Rs. 27.25 crore, from the earlier Rs.14.32 crore.

DCB Bank’s gross non-performing assets ratio improved to 1.51 per cent compared with 1.76 per cent last year. Its net NPA ratio stood at 0.75 per cent as against the earlier 1.01 per cent.