DCB Bank Q2 net profit rise 31% to Rs 48.9 cr


DCB Bank today posted a 31.30 for each penny increment in net benefit at Rs 48.9 crore for the quarter finished on September 30, 2016. The bank had recorded a net benefit of Rs 36.9 crore in the comparing quarter of last financial, DCB Bank said in a documenting to BSE. Add up to salary of the loan specialist expanded to Rs 567.8 crore amid the quarter under survey, as against Rs 464.8 crore over the comparing time of 2015-16.

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The gross Non-performing Assets (NPAs) of the bank expanded to 1.75 for each penny of aggregate advances, from 1.72 for each penny toward the end of second quarter of 2015-16. Be that as it may, net NPAs diminished to 0.84 for every penny from 0.87 for each penny of the aggregate resources.

The bank put aside Rs 26.48 crore as arrangements, against Rs 21.67 crore in the year-back quarter. The medium size bank’s center net premium wage rose to Rs 190 crore from Rs 150 crore, a development of 27 for every penny, DCB Bank said in an announcement, including the non-premium wage bounced to Rs 62 crore from Rs 49 crore.

The key benefit metric net premium edge, the distinction between premium paid and earned, climbed hardly to 3.96 for every penny from 3.79 for every penny a year back. Net intrigue pay rose 22 for every penny to Rs 506 crore from Rs 416 crore, amid the July-September period, it said.

Net advances developed at Rs 14,436 crore from Rs 11,181 crore. Out of this, non-corporate advances remained at Rs 12,178 crore, up 36 for every penny from Rs 8,984 crore. Stores grew 30 for every penny Rs 17,685 crore, out of which Casa and retail term stores constituted 77 for every penny, taking the Casa proportion to 22 for every penny, down from 24 for each penny a year prior. The bank’s rebuilt standard advances remained at Rs 29 crore, or 0.20 for every penny of net advances involving three records.

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