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DCB Bank Q4 profit falls 29% to Rs 69 crore as provisions trebled due to COVID
May 23, 2020 | By Moneycontrol.com
business
Provisions and contingencies shot up 240 percent year-on-year to Rs 118.24 crore in the quarter ended March 2020, including Rs 63 crore related to COVID-19 regulatory package provisions.
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Private sector lender DCB Bank on May 23 reported a 28.6 percent year-on-year decline in March quarter profit at Rs 68.76 crore, impacted largely by spike in provisions due to COVID-19 crisis. The p
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