New Delhi: DCB Bank’s net profit dipped marginally by 2.5 percent to Rs 79 crore in the first quarter of the current financial year. The bank gave information about this on Saturday. The bank had a net profit of Rs 81 crore in the same quarter of 2019-20. The bank made a total provision of Rs 85 crore during the quarter under review.
Of this, Rs 32 crore is an additional Kovid-19 provision, while Rs 13 crore is a regular non-performing asset (NPA) provision. The bank said that it had earlier made a provision of Rs 63 crore for Kovid-19 in the March quarter. With this, its total Kovid-19 provision has increased to Rs 95 crore.
