DCB Bank had posted a net profit of ₹96 crore in the same period of 2018-19 DCB Bank on Saturday reported a 28 per cent decline in net profit at ₹69 crore for the March quarter, impacted by the coronavirus crisis.
The private sector lender had posted a net profit of ₹96 crore in the same period of 2018-19. Income during the January-March quarter of FY20 rose by 8.5 per cent to ₹434 crore, as against ₹400 crore in the same period of the preceding fiscal, DCB Bank said in a release.
The bank's profit after tax in FY20 stood at ₹338 crore, up 4 per cent from ₹325 crore in 2018-19. Income during the year grew 10.5 per cent to ₹1,656 crore as against ₹1,499 crore in the preceding fiscal. "Both FY 2020 and Q4 2020 Profit Before Tax was impacted