Money & Banking

DCB Bank posts 25% increase in Q2 net profit

Our Bureau Mumbai | Updated on October 17, 2018 Published on October 17, 2018

 

 

Private sector lender DCB Bank, on Wednesday, posted a 25 per cent increase in net profit at ₹73 crore in the second quarter of the fiscal.

The bank had reported a net profit of ₹59 crore in the second quarter of 2017-18. “Strong focus on cost productivity is showing results. As of now, non-performing assets remain in control. We are steadily finding ways to improve capital efficiency,” said Murali Natrajan, Managing Director and CEO, DCB Bank, adding that the lender is confident of delivering step-by-step improvement in Cost Income Ratio and Return on Equity while achieving growth.

For the quarter ended September 30, the bank reported a 13.7 per cent increase in net interest income at ₹282 crore against ₹248 crore a year ago.

Shares of DCB Bank fell 4.61 per cent on Wednesday and closed at ₹160.40 apiece on the BSE.

Published on October 17, 2018
This article is closed for comments.
Please Email the Editor