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DCB reports 91% surge in Q3 net profit

13 Jan 2012 Evaluate

Development Credit Bank (DCB) has reported results for the third quarter ended December 31, 2011.

The bank’s net profit for the quarter under review surged by 91.43% at Rs 15.64 crore as compared to Rs 8.17 crore for the quarter ended December 31, 2010. Its total income has increased by 26.16% to Rs 209.72 crore for the quarter under review from Rs 166.23 crore for the similar quarter of the previous year.

The bank’s gross NPA for the December quarter of the current fiscal stood at 5.67%, while the same was at 7.05% for the corresponding quarter of the previous fiscal. Meanwhile, bank’s Net NPA stood at 1.03% as compared to 1.30% in the same quarter of the previous year.

Peers
Company Name CMP
HDFC Bank 692.10
ICICI Bank 1395.00
Axis Bank 1214.05
Kotak Mahindra Bank 430.10
Indusind Bank 835.00
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