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...
A display of brutal hitting from Kyle Mayers and Marcus Stoinis fired Lucknow Super Giants to 257 for five, the second highest total in IPL history, against a profligate Punjab Kings in the IPL on Friday. Mayers (54 off 24) went on the rampage in the Powerplay before Stoinis (72 off 40) effortlessly collected boundaries at will to help his team set a massive target. The other important contributions came from Ayush Badoni (43 off 24) and Nicholas Pooran (45 off 19). Back to lead Punjab after three games, Shikhar Dhawan opted to field but his bowlers were all over the place on a belter of a track. Barring Rahul Chahar, all the other six bowlers leaked more than 10 runs per over. The usually frugal Arshdeep Singh leaked 54 runs in four overs and Kagiso Rabada gave away 52 runs in four overs although he had two wickets to show for his efforts.
The total was also the highest of the season and six runs shy of 263, the highest ever total in IPL history achieved by RCB back in 2013 when Chris Gayle played his epic 175-run knock.
LSG skipper K L Rahul (12 off 9) was the only batter, who could not make use of ideal batting conditions. He was dropped on the first ball of the match off debutant Gurnoor Brar but could not make it count.
Mayers looked in menacing tough from the get go as he smashed Arshdeep for four boundaries in his opening over. He started with a gorgeous drive through point before using his long levers to target the long on and deep mid-wicket region, collecting seven fours and four sixes in total.
Such was his confidence and he took a couple of strides forward to dispatch Rabada just over his head.
After Mayers fell inside the Powerplay, Stoinis and Badoni shared an 89-run stand off only 47 balls to maintain the momentum created by Mayers.
Stoinis played some breathtaking strokes in his belligerent knock that included five sixes and half a dozen boundaries.
Stoinis could have been dismissed in the 13th over but Liam Livingstone touched the boundary while trying to take a regulation catch at long on.
Pooran began his innings with three back to back off drives off Livingstone. LSG hammered 73 runs off the last 30 balls.
from NDTV News- Special https://ift.tt/FjWLBgC
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