These private sector banks have released their quarterly results, know which bank got profit and loss?

Banks Quarterly Results: Many private sector banks have released their quarterly results even today. On Saturday, IDFC First Bank, DCB Bank and Equitus Small Finance Bank have released the results of the second quarter. IDFC First Bank and Chennai-based Equitus Small Finance Bank have posted good profits for the quarter ended September 30. At the same time, the profit of DCB Bank has decreased by 21 percent.

How much did IDFC profit increase
IDFC First Bank’s net profit jumped 50 per cent on a standalone basis to Rs 151.74 crore in the July-September quarter of the current fiscal. With this, the bank’s net profit in the corresponding period of the previous financial year was Rs 101.41 crore. The bank had a total loss of Rs 630 crore in the April-June, 2021 quarter. The bank has informed the stock market. The bank said that its total income has increased to Rs 4,880.29 crore during the quarter. It was Rs 4,090.87 crore in the same period a year ago.

increased interest income
The interest income of the bank increased to Rs 4,100.58 crore in the July-September, 2021 quarter. At the same time, in the same period a year ago, it was Rs 3,924.86 crore. Apart from this, the provision for bad loans and other contingencies increased to Rs 474.95 crore in the quarter under review due to increase in bad loans.

Equitas Bank made a profit of 41 crores
Apart from this, Equitus Small Finance Bank of Chennai has made a net profit of Rs 41 crore for the quarter ended September 30, 2021, as compared to a profit of Rs 103 crore in the same quarter last year. The bank has given this information on Saturday. Commenting on the performance, the bank’s Managing Director and Chief Executive Officer (CEO) PN Vasudevan said, “The bank has overall performed better due to the relaxation in the lockdown and control of the spread of the virus on a large scale.”

DCB Bank’s net profit fell by 21 percent
Apart from this, the net profit of DCB Bank declined by 21 per cent to Rs 64.94 crore in the second quarter of the current financial year ended September 30. It was Rs 82.29 crore in the same period a year ago. DCB Bank told the stock exchange that its total income increased to Rs 967 crore in the July-September, 2021 quarter, from Rs 959.33 crore in the same quarter a year ago.

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