Credit rating agency, CRISIL has assigned ‘A1+’ rating to Development Credit Bank’s Certificates of Deposit programme worth Rs 100 crore enhanced from earlier Rs 50 crore.
The bank has registered 97.51% rise in its net profit after at Rs 34.11 crore in Q4FY13 as compared to Rs 17.27 crore in the same quarter previous year. For the full year, the bank has reported a net profit of Rs 102.06 crore for the year ended March 31, 2013, a growth of 85.29% as compared to Rs 55.08 crore for the year ended March 31, 2012. Total income has increased to Rs 1033.12 crore in FY13 from Rs 517.34 crore in FY12, up by 99.70%.
