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DCB Bank Posts 31% Rise In September Quarter Profit
14 Oct 2016, 08:50 PM IST 
DCB Bank's net non-performing assets reduced to 0.84% from 0.87% of total assets.
New Delhi: DCB Bank on Friday posted a 31.30 per cent increase in net profit at Rs 48.9 crore for the quarter ended September 30, 2016.
The bank had registered a net profit of Rs 36.9 crore for the corresponding period a year ago, it said in a filing to the BSE.
Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore in the corresponding period of 2015-16.
Gross non-performing assets (NPAs) increased to 1.75 per cent of total advances, from 1.72 per cent at the end of second quarter of 2015-16.
However, net NPAs reduced to 0.84 per cent from 0.87 per cent of the total assets.
The bank set aside Rs 26.48 crore as provisions, as against Rs 21.67 crore in the year-ago quarter.