DCB Bank today posted a 31.30 per cent increase in net profit at Rs 48.9 crore for the quarter ended on September 30, 2016.
The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank said in a filing to BSE.
Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore over the corresponding period of 2015-16.
The gross Non-performing Assets (NPAs) of the bank 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, against Rs 21.67 crore in the year-ago quarter.
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