Private lender DCB Bank (Development Credit Bank)
today reported a marginal rise in net profit at Rs 47.03 crore for
first quarter ended June 30, 2016.
The bank's net profit was at Rs 46.87 crore in the corresponding period
last fiscal.
Total income has increased to Rs 530.75 crore during the quarter from Rs
467.44 crore in the year ago period, it said in a regulatory filing.
Also, the bank improved on its asset quality with the gross
non-performing assets (NPAs) or bad loans falling to 1.72 percent of
gross advances as of June 2016 from 1.96 percent year-ago period.
Net NPAs, too narrowed down to 0.87 percent from 1.22 percent a year
earlier.
However, provisions towards bad loans and contingencies were kept higher
at Rs 20.53 crore for April-June quarter of current fiscal as against
Rs 18.03 crore in same period last fiscal.
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