DCB Bank Ltd. reported a 35.5% year-on-year rise in first-quarter net profit as lower provisions and improving asset quality offset pressure on margins. The private lender posted a net profit of Rs 213 crore for the quarter ended June 30, compared with Rs 157 crore a year earlier, according to an exchange filing on Friday. Net interest income rose 17.7% to Rs 684 crore from Rs 581 crore in the corresponding quarter last year. Asset quality improved sequentially, with the gross non-performing asset ratio easing to 2.43% from 2.45% at the end of March, while the net NPA ratio declined to 0.84% from 0.89%. ALSO READ: DCB Bank Q4 Results: Net Profit Jumps 16% To Rs 206 Crore; Dividend Declared Provisions more than halved to Rs 57 crore from Rs 115 crore a year ago and fell from Rs 69 crore in the preceding quarter, supporting earnings growth. The bank said advances grew 17% year-on-year, while deposits increased 20%, reflecting continued business momentum. Capital adequacy r...
Into his 16th season of the Indian Premier League (IPL), MS Dhoni has looked far from finished. The wicket-keeper batter has not just led Chennai Super King (CSK) brilliantly but also produced cameos with the bat that left fans feeling nostalgic. Though Dhoni's cameos have been mesmerising, many fans and experts wonder what would it take for the 'Thala' to promote himself in the batting order for CSK this season. Dwayne Bravo, who has played with Dhoni in the Super Kings team for years, shed light on the matter, explaining why the skipper won't promote himself.
"That is the position he has to bat. Everyone is batting higher than him and he takes that responsibility and ownership upon himself to bat lower down the order because the likes of Jadeja, Rayudu, and Dube, he wants to give these guys as many opportunities as possible. He is happy to just play the finishing role," Bravo had said in a press conference.
Chennai sit top of the IPL 2023 standings with 5 wins in 7 matches. Rajasthan, on the other hand, are placed 3rd in the points table with 4 wins in 7 matches. Bravo is confident of the morale in the CSK dressing room and the team's ability to keep the momentum going.
"The CSK morale is very high, and that has nothing to do with the results. We are a team that is normally very level irrespective of whether we perform well or not.
"But it is always better when we are doing well. So far, we have started the season on a positive note and we just have to keep the momentum and keep winning cricket games. Tomorrow's game against RR is going to be a very hard game," he said.
from NDTV News- Special https://ift.tt/3jXE0oK
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