DCB Bank reported a 9.85% increase in net profit for the March quarter, reaching Rs 156 crore. The bank's total income also grew significantly year-on-year.
New Delhi, Apr 24 (PTI) Private sector lender DCB Bank on Wednesday reported a net profit of Rs 156 crore in the March quarter, registering a 9.85 per cent jump over the year-ago period.
The bank had reported a profit Rs 142 crore in the fourth quarter of the 2022-23 fiscal.
The bank's total income rose to Rs 1,581 crore in the fourth quarter of FY24, from Rs 1,302 crore a year ago.
For full 2023-24 fiscal, DCB Bank's net profit stood at Rs 536 crore, a jump of 15 per cent in the year-ago period.
In 2022-23 fiscal, the net profit stood at Rs 466 crore.
The bank's Board of Directors at its meeting on Wednesday also recommended a dividend of Rs 1.25 per equity share of face value of Rs 10 each, DCB Bank said in a regulatory filing.
Shares of DCB Bank closed at Rs 136.45, up 10.17 per cent over the previous close on the BSE.
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