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...
Even if Elon Musk is currently among the richest people in the world, acquiring the wealth of an emerald mine will definitely boost his net worth, but the CEO of Twitter has serious doubts about it.
There is a long-running rumour that claims Elon Musk's father owns an emerald mine in South Africa and has given Musk financial assistance.
These rumours gained momentum after Elon Musk's father, Errol, said in an interview that he used emeralds from a "under the table" mine in Zambia to finance his son's escape from South Africa to America.
The rumours have already annoyed the Twitter boss in the last few months. He also tweeted in January that "the fake emerald mine thing is so annoying (sigh). Like, where exactly is this thing anyway?!"
The fake emerald mine thing is so annoying (sigh). Like where exactly is this thing anyway!?
— Elon Musk (@elonmusk) January 7, 2023
Now Mr. Musk has decided to pay a million in Dogecoin to anyone who can prove the existence of the mine his dad supposedly owned.
Twitter account DogeDesigner wrote: "Elon Musk never owned an emerald mine. An open offer of 69.420 Doge to all the media outlets that are publishing false information. Send me proof of its existence and take your doge."
I will pay a million Dogecoin for proof of this mine's existence!
— Elon Musk (@elonmusk) April 12, 2023
The Tesla chief tweeted, "I will pay a million Dogecoin for proof of this mine's existence!". Well, 1 million dogecoins amounts to about $84,000.
from NDTV News- Special https://ift.tt/gIB9GO3
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