DCB Bank Q1 profit at Rs 700 million against Rs 650 million in Q1FY18

DCB Bank Ltd on Saturday reported profit after tax of Rs 700 million for the first quarter of the current financial year.

"The bank's profit after tax was at Rs 700 million in Q1 FY 2019 as against Rs 650 million in Q1 FY 2018," DCB said in a statement.

The bank said its operating profit rose to Rs 1.41 billion during the June quarter from Rs 1.36 billion in the corresponding quarter of 2017-18.

Managing Director & CEO of the bank Murali M. Natrajan said: "We have been able to achieve the envisaged growth from the branch expansion programme. Margins are under pressure especially in mortgage and corporate loan book. We continue to be watchful of NPAs.