DCB Bank
today reported a net profit of Rs 57 crore for the third quarter ended December
2017, up 11 percent year-on-year.
The private
sector lender had posted a profit after tax (PAT) of Rs 51 crore in the third
quarter of 2016-17.
In a regulatory
filing, the bank said it earned a net interest income of Rs 250 crore in the
October-December 2017- 18, compared to Rs 209 crore in the same period of the
last fiscal.
The net advances
grew to Rs 18,595 crore as on December 31, 2017 from Rs 14,584 crore at the end
of December 2016.
Gross NPA ratio
of the bank was 1.89 per cent as on December 31, 2017 compared to 1.55 percent
on December 31, 2016.
"Gross NPA
includes slippage of one restructured corporate advance in Q3 FY2018," the
bank said.
DCB Bank had 311
branches at the end of December 2017.
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