Development Credit Bank Q4 net at Rs 11.43 crore
The bank's total income stood at Rs 148 crore, as against Rs 114 crore.
By PTI | Updated:
MUMBAI: Private sector lender Development Credit Bank (DCB) on Wednesday posted a net profit of Rs 11.43 crore for the fourth quarter ended March 2011, compared to a loss of Rs 8.1 crore in the same quarter in the previous fiscal.
The total income of the bank increased by 28 per cent at Rs 177.4 crore, as against Rs 138.9 crore in the year-ago period, DCB informed the Bombay Stock Exchange.
For the entire fiscal ended March 2011, DCB's net profit rose to Rs 21.4 crore compared to a loss of Rs 78.4 crore in the previous fiscal.
The total income during 2010-11 rose by 10.5 per cent to Rs 648.3 crore against Rs 586.4 crore a year ago.
The gross non-performing assets of the bank declined from 8.69 per cent to 5.58 per cent at the end of March, 2011. At the same time, the net non-performing assets of the bank stood at 0.97 per cent at the end of 2010-11.
The total income of the bank increased by 28 per cent at Rs 177.4 crore, as against Rs 138.9 crore in the year-ago period, DCB informed the Bombay Stock Exchange.
For the entire fiscal ended March 2011, DCB's net profit rose to Rs 21.4 crore compared to a loss of Rs 78.4 crore in the previous fiscal.
The total income during 2010-11 rose by 10.5 per cent to Rs 648.3 crore against Rs 586.4 crore a year ago.
The gross non-performing assets of the bank declined from 8.69 per cent to 5.58 per cent at the end of March, 2011. At the same time, the net non-performing assets of the bank stood at 0.97 per cent at the end of 2010-11.
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