DCB Bank plans to increase its branch count from 116 to 300 in the next two-three years. The bank inaugurated its third branch in Tamil Nadu and aims to set up 20 more branches in the state in the next two years. The bank will focus on Tier II to Tier 6 cities. The bank plans to double its balance sheet from Rs 12,000 crore to Rs 24,000 crore in the next 3 to 4 years.
The bank has reported 35.15% rise in its net profit at Rs 36.37 crore for third quarter ended December 31, 2013 as compared to Rs 26.91 crore for the same quarter in the previous year. Total income of the bank has increased by 25.29% at Rs 323.65 crore for quarter under review as compared to Rs 258.33 crore for the quarter ended December 31, 2012.
The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 2.77%, as compared to 3.80% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.77% as compared to 0.73% in the same quarter of the previous year.
The bank has reported 35.15% rise in its net profit at Rs 36.37 crore for third quarter ended December 31, 2013 as compared to Rs 26.91 crore for the same quarter in the previous year. Total income of the bank has increased by 25.29% at Rs 323.65 crore for quarter under review as compared to Rs 258.33 crore for the quarter ended December 31, 2012.
The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 2.77%, as compared to 3.80% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.77% as compared to 0.73% in the same quarter of the previous year.
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