According to the recent data, one of private sector lending bank DCB bank earned a profit of 35% in third quarter of fiscal year. It has been reported that the bank has earned a profit of nearly Rs 36 crore which is Rs9 crore more than the profit gained previous year.
Last the net interest income of the bank was Rs 72 crore, this it grew by 31% to Rs 94 crore. Further an increase of 0.4% is noticed in net non-performing assets, on the other hand the gross NPAs raised by 2.77%. In terms of total advances bank has improved by 23% to Rs 7.361 crore and for deposits improved by 27%.
In every sector bank has gained profit, overall interest income upraised the bank’s profit by 35%. Net interest margin rose from 3.38% to 3.55%.