For Quick Alerts
For Daily Alerts

DCB Bank shares jump nearly 9 pc as Q4 net soars

By Super

Mumbai, Apr 18 PTI) Shares of DCB Bank today surged nearly 9 per cent after the company reported a 10.5 per cent rise in net profit for the fourth quarter ended March 31.

The stock zoomed 8.76 per cent to Rs 90.60 on BSE. On NSE, shares of the private lender rallied 8.44 per cent to Rs 90.50.

DCB Bank shares jump nearly 9 pc as Q4 net soars
DCB Bank: Quotes, News
BSE 204.95BSE Quote10.05 (4.90%)
NSE 205.10NSE Quote10.1 (4.92%)

DCB Bank on Friday reported a 10.5 per cent rise in net profit at Rs 70 crore for the March quarter.

It had posted a net profit of Rs 63 crore in the year-ago period. Total income of the company grew 19.86 per cent to Rs 509.56 crore, from Rs 425.12 crore a year ago. Overall provisions rose to Rs 27.25 crore, from the earlier Rs 14.32 crore.

DCB Bank's gross non-performing assets ratio improved to 1.51 per cent compared with 1.76 per cent last year. Its net NPA ratio stood at 0.75 per cent as against the earlier 1.01 per cent.


Read more about: dcb bank
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more