Shares of DCB Bank fell over 4 per cent in early trade on the Bombay Stock Exchange after the bank reported 24 per cent year on year drop in net profit at Rs 53 crore for the fourth quarter ended March 2017 (Q4FY17), on higher provisioning and higher tax expense. The private sector lender had a profit of Rs 70 crore in the same quarter last fiscal. Net interest income (NII), or interest earned minus interest expense, increased 30% to Rs 220 crore from Rs 169 crore last year.
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Shares of DCB Bank fell over 4 per cent in early trade on the Bombay Stock Exchange after the bank reported 24 per cent year on year drop in net profit at Rs 53 crore for the fourth quarter ended March 2017 (Q4FY17), on higher provisioning and higher tax expense. The private sector lender had a profit of Rs 70 crore in the same quarter last fiscal. Net interest income (NII), or interest earned minus interest expense, increased 30% to Rs 220 crore from Rs 169 crore last year.
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