LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

DCB Bank Q2 net up 21% at Rs 59 cr

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Mon, Oct 16, 2017
05:39 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

Private sector DCB Bank has reported a rise of 21 per cent in its net profit at Rs 59 crore for quarter ended September.

The bank had registered a net profit of Rs 48 crore in the July-September quarter of 2016-17.

Total income of the bank grew by 24 per cent to Rs 313 crore during the reported quarter, from Rs 252 crore in the year ago period, the bank said in a statement.

Net interest income or the core income of the bank rose to Rs 248 crore in the second quarter of 2017-18 from Rs 190 crore in the year ago period.

Net interest margin -- the key gauge of profitability -- which is the difference of interest earned and interest expended, grew to 4.22 per cent from 3.96 per cent in the September quarter of 2016-17.

Also, bank's provisions for bad loans and contingencies rose by 14 per cent from a year ago to Rs 30 crore during the quarter, from Rs 27 crore a year ago.

On asset front, the gross non-performing assets (NPAs) of the banks as a percentage of gross advances as at end- September 2017 rose to 1.80 per cent from 1.75 per cent in the same period a year ago.

Net NPAs or bad loans also went up at 0.90 per cent against 0.84 per cent.

Bank's net advances as on September 30, 2017 were Rs 17,395 crore, up 20 per cent from Rs 14,436 crore as at end- September 2016.

DCB Bank stock closed 0.65 per cent down at Rs 189.90 on BSE today.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Divya Dutta comes aboard Kangana Ranaut-starrer 'Dhaakad'

Big bonus confirmed! Rs 5 crore cash reward for Indian cricket team after massive triumph in Australia

Biden-Harris Inauguration, US President Oath Ceremony LIVE Blog, Updates, Latest News, WATCH Video

Stocks To Buy With Anil Singhvi: Sanjiv Bhasin recommends buy on BEL, Tata Power, for high returns

Maruti Suzuki Jimny in India! Here is what automaker has just started doing - Get first look here

NPS Calculator: Turn your Rs 100 into Rs 41,02,786 lump sum withdrawal AND Rs 13,676 pension | Expert Jitendra Solanki Explains

Tata Communications share price I Q3 FY21 numbers decoded by Motilal Oswal

Kiran Jadhav picks Tata Motors stock in Anil Singhvi’s show | Know why he dubbed it a buy

IndiaMART has a cash reserve of Rs 500 crore; it has plans to add up to 6000 customers per quarter: Dinesh Agarwal, Founder & CEO

Anil Singhvi’s Strategy January 20: Day support zone on Nifty is 14,435-14,475 & Bank Nifty is 32,250-32,350

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved