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DCB Bank Q4 profit down 24% to Rs 52.86 crore

DCB Bank Q4 profit down 24% to Rs 52.86 crore

Friday, April 14, 2017, 6:13 PM

DCB Bank Ltd on Friday reported 24% drop in net profit for the fourth quarter on higher provisioning and higher tax expense. Net profit for the quarter was Rs.52.86 crore as compared to Rs 69.53 crore a year ago. DCB Bank’s gross NPAs rose 11.53% to Rs 254.20 crore at the end of the March quarter from Rs 227.93 crore in the December quarter.
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