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.
