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...
An unruly mob vandalised and set on fire on Thursday night around 9 pm, the venue where Chief Minister N Biren Singh is scheduled to attend a programme the next day at New Lamka in Churachandpur district.
Local police quickly swung into action and dispersed the mob but not before the venue was damaged with hundreds of burning chairs.
The agitated mobs managed to partially torched the newly set-up open gym at PT Sports complex at New Lamka which Biren Singh is slated to inaugurate on Friday afternoon, police said.
Besides the inauguration of the open gym, Biren Singh is also scheduled to attend another function organised by a local at Sadbhavna Mandap.
The mob attack happened as the Indigenous Tribe Leaders Forum called for a total Churachandpur shutdown from 8 am to 4 pm. The Forum claimed that despite repeated submission of memorandums to the government protesting an ongoing eviction drive to clear reserved forested areas of farmers and other tribal settlers, "the government has shown no sign of willingness or sincerity in addressing the plight of the people."
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