DCB Q1 net profit up 115% at Rs 18.9 cr

Private sector lender Development Credit Bank’s (DCB) net profit shot up by 114.77% year-on-year to Rs 18.9 crore for the quarter ended June 2012.

Net interest income rose by 23% to Rs 64 crore in the first quarter of FY13 from Rs 52 crore during same quarters.

Net interest margin for the quarter stood at 3.18%.

Gross non-performing asset (NPA) improved to 4.18% in the quarter ended June 2012 as against 4.40% in the previous quarter, but net NPA increased at 0.75% versus 0.57% QoQ.

CASA ratio stood at 30.25% in the first quarter of financial year 2012-13 versus 32.12% in the previous quarter.

Source: www.moneycontrol.com

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Gaurav Agarwal

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DENIP Consultants Pvt Ltd