DCB Q3 net jumps 90% to Rs 15.6 cr

New Delhi: Private sector lender DCB today reported 90 percent jump in net profit to Rs 15.6 crore for the third quarter of the 2011-12 fiscal.

[caption id="attachment_180520" align="alignleft" width="380" caption="The bank's Net Interest Margin (NIM) stood at 3.37 percent for third quarter of FY 2012 against 3.13 per cent for Q3 FY 2011, it said. Reuters"][/caption]

The bank had a profit of Rs 8.2 crore during the corresponding quarter of FY 2011, it said in a statement.

The bank further said that as on 31 December, 2011, its deposits grew by 10 percent at Rs 6,191 crore while advances grew by 9 percent to Rs 4,306 crore as compared to the same period in 2010.

The bank's Net Interest Margin (NIM) stood at 3.37 percent for third quarter of FY 2012 against 3.13 per cent for Q3 FY 2011, it said.

Also, Capital Adequacy Ratio (CAR) was at 13 percent as on 31 December 2011.

PTI