Development Credit Bank (DCB) Q3 net up by 72%
By Neelima Shankar
Jan 16, 2013
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Development Credit Bank (DCB) posted a 72 per cent increase in net profit in the October-December quarter for this fiscal at Rs 27 crore, against Rs 17 crore in the corresponding period of the previous year.

Net interest income (difference between interest earned and expended) jumped 22 per cent at Rs 72 crore against Rs 59 crore of the third quarter last year.

Net Interest Margin (NIM) stood at 3.38 per cent for Q3 against 3.37 per cent for the corresponding period of the previous year.

As on December 31, 2012, while the bank's deposits grew by 22 per cent at Rs 7,558 crore, total advances rose 39 per cent at Rs 5,964 crore. Retail deposits were at 83 per cent of the total deposits.

Net non-performing assets (NPAs) stood at 0.73 per cent from 1.03 per cent in the corresponding period of the previous year.


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