DCB Bank Q1 profit at Rs 70 crore
DCB Bank Ltd today reported profit after tax of Rs 70 crore for the first quarter of the current fiscal.
"The bank's profit after tax was at Rs 70 crore in Q1 FY 2019 as against Rs 65 crore in Q1 FY 2018," DCB said in a statement.
The bank said its operating profit rose to Rs 141 crore during the June quarter from Rs 136 crore in the corresponding quarter of 2017-18.
Managing Director & CEO of the bank Murali M. Natrajan said: "We have been able to achieve the envisaged growth from the branch expansion programme. Margins are under pressure especially in mortgage and corporate loan book. We continue to be watchful of NPAs.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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