The private sector bank made this announcement before trading hours today, 7 March 2012.

Meanwhile, the BSE Sensex was flat at 17,173.38.

On BSE, 3.01 lakh shares were traded in the counter as against average daily volume of 8.15 lakh shares over the past one quarter.

The stock hit a high of Rs 45.30 and a low of Rs 43.70 so far during the day. The stock had hit a 52-week high of Rs 66 on 14 July 2011. The stock had hit a 52-week low of Rs 30.80 on 29 December 2011.

The stock had outperformed the market over the past one month till 6 March 2012, rising 2.18% compared to the Sensex's 3.02% fall. The scrip had also outperformed the market in the past one quarter, surging 11.37% as against Sensex's 2.19% gain.

The small-cap private sector bank has an equity capital of Rs 200.31 crore. Face value per share is Rs 10.

Development Credit Bank (DCB)'s net profit rose 91.4% to Rs 15.64 crore on 26.2% growth in total income to Rs 209.72 crore in Q3 December 2011 over Q3 December 2010.

Development Credit Bank (DCB) is a new generation private sector bank with 82 branches across 10 states and 2 union territories. DCB has approximately 4.5 lakh customers.