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...
Daryl Mitchell hit a second successive century while Tom Latham missed a ton by two runs as New Zealand piled up 336-5 in the second one-day international against Pakistan in Rawalpindi on Saturday. The stylish one-drop batter improved on his 113 in the first ODI on Thursday with 129 for 119 balls, and was ably supported by Latham (98) and Chad Bowes (51) after New Zealand were sent in to bat by Pakistan. Mitchell smashed three sixes and eight boundaries and consolidated the innings through a third-wicket stand of 183 with skipper Latham, as the pair took full advantage of a flat pitch.
Mitchell was finally caught brilliantly by Mohammad Nawaz off pacer Naseem Shah in the 46th over, while Latham was caught behind off Haris Rauf an over later.
pic.twitter.com/SCV1yaoW3s
— Royals Cricket 🇮🇳 (@ImHimanshu_Raj) April 29, 2023
It was Naseem who gave Mitchell an extra life four short of his hundred when he dropped a simple catch off spinner Usama Mir at mid-on.
Haris rauf to babar-- bhai Aaj to Ghar mein party hai .aata leke aaya hai tera bhai dinbhar line mein lagke
— Prakhar Tiwari (@Prakhar12500879) April 29, 2023
That allowed Mitchell to complete his hundred off 102 balls -- his third in his ODI career.
Latham knocked eight boundaries and a six off 85 balls.
Bowes and Will Young gave New Zealand a 33-run start before pacer Rauf had Young caught behind for 19 in the sixth over.
Bowes, who hit seven boundaries in his maiden ODI half century, steadied the innings with Mitchell as the pair added 86 for the second wicket.
It was Rauf again who broke the stand when he trapped Bowes leg before wicket in the 19th over.
Rauf was the pick of bowlers with 4-78.
Pakistan lead the five-match series 1-0 after winning the first match by five wickets, also in Rawalpindi.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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