Business & Investment

DCB Bank’s third quarter revenues up 3% to Rs 1,024

New Delhi: Saturday’s private sector lender, DCB Bank, reported net income of Rs 96.21 for the third quarter, which ended in December 2020.

DCB Bank said in a regulatory filing that net income for the period October-December a year ago was Rs 96.70.

DCB Bank’s total revenue increased to Rs 1,023.86 during the quarter, compared with Rs 990.89 in the year-ago quarter.

Total non-performing assets (NPA) decreased to 1.96% of total down payments, compared to 2.15% at the end of the third quarter of the previous fiscal year.

Net NPA for net down payments decreased from 1.03% a year ago to 0.59% from October to December 2020.

Non-tax and contingency reserves doubled from Rs 59 in the same quarter a year ago to Rs 147.71.



DCB Bank’s third quarter revenues up 3% to Rs 1,024

https://economictimes.indiatimes.com/markets/stocks/earnings/dcb-bank-q3-income-rises-3-to-rs-1024-crore/articleshow/80430402.cms DCB Bank’s third quarter revenues up 3% to Rs 1,024

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