DCB Bank Q3 net down 21.9% YoY to Rs 75 cr as other income falls

Sequentially, net profit rose marginally from Rs 65 crore in Q2FY22

Private lender DCB Bank's  net profit fell by 21.9 per cent year on year (YoY) at Rs 75 crore for the third quarter ended December 2021 (Q3FY22) on fall in other income.

The net profit was Rs 96 crore in Q3FY21. Sequentially, net profit rose marginally from Rs 65 crore in the second quarter ended September 2021 (Q2FY22).

After Covid-19 second wave impact in first quarter FY22, net profit has been improving based on overall business and control over non-performing assets (NPAs), bank said in statement filed with BSE.

Mumbai-based lender's stock was 2.27 per cent lower at Rs 86.15 per share on