Development Credit Bank reports 50% growth in Q2 net profit

DCB Bank Ltd. | Bank - Private | BFSI | BSE: 532772 | NSE: DCBBANK

15 Oct 2013 Evaluate

Development Credit Bank has reported results for second quarter ended September 30, 2013.

The bank has posted a rise of 49.53% in its net profit at Rs 33.09 crore for the quarter ended September 30, 2013 as compared to Rs 22.13 crore for the same quarter in the previous year. Total income has increased by 19.65% at Rs 296.09 crore for quarter under review as compared to Rs 247.46 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) improved to 3.43% in the July-September quarter as against 3.86% in the same quarter previous year while net NPAs increased to 0.86%.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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