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DCB Bank reports 24% fall in Q4 net profit

DCB Bank has reported results for the fourth quarter and year ended March 31, 2017.

The bank has posted a fall of 23.98 % in its net profit at Rs 52.86 crore for the quarter ended March 31, 2017 as compared to Rs 69.53 crore for the same quarter in the previous year. However, total income of the bank has increased by 20.23% at Rs 612.64 crore for quarter under review as compared to Rs 509.56 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the bank has posted a rise of 2.65% in its net profit at Rs 199.68 crore as compared to Rs 194.52 crore for the same period in the previous year. Total income of bank increased 21.19% at Rs 2325.60 crore for year under review as compared to Rs 1918.92 crore for the period ended March 31, 2016.

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