DCB Bank FY 2021 results : Bank reports profit after tax of INR 3.36bn

DCB Bank has reported profit after tax for the fiscal year 2021 (FY 2021) at INR 3.36 billion compared to INR 3.38 billion in FY 2020.

The operating profit of the Mumbai-based private sector scheduled commercial bank for FY 2021 was INR 8.98 billion, a 19% increase compared to INR 7.53 billion in FY 2020.

DCB Bank’s earned net interest income for FY 2021 was INR 12.87 billion, a 2% increase from INR 12.65 billion for the same period in the previous year.

For the fourth quarter of FY 2021, the bank’s profit after tax was INR 78 crores compared to INR 69 crores in Q4 FY 2020.

As of 31 March 2021, the scheduled commercial bank had 352 branches across 19 states in India. In the next 12-15 months, DCB Bank plans to open 20-30 new branches. The bank’s workforce as of 31 March 2021 was 6,432.