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...
It was a happy outing for Royal Challengers Bangalore as they defeated Rajasthan Royals by 7 runs in their Indian Premier League (IPL) 2023 encounter on Sunday. The match went down to the wire but good fielding performances and disciplined bowling from Harshal Patel was enough to clinch the match. Virat Kohli was not able to contribute with his bat but his romantic gesture for wife Anushka Sharma during the match won several hearts. In the 14th over of the innings, Yashasvi Jaiswal slammed Harshal straight down the ground but it ended up being an easy catch for Kohli.
— The Game Changer (@TheGame_26) April 23, 2023
The star batter completed the catch and instantly turned back to blow a flying kiss towards Anushka in the stands. Anushka was thrilled by the gesture and her reactions were also captured on camera.
A late charge led by a cameo from Dhruv Jurel was not enough for Rajasthan Royals as a century stand between captain Faf du Plessis and Glenn Maxwell set up a thrilling seven-run win for Royal Challengers Bangalore in their Indian Premier League match here on Sunday.
Invited to bat, Maxwell (77 off 44 balls) and du Plessis (62 off 39 balls) shared 127 runs for the third wicket from only 66 deliveries to power RCB to 189 for 9 in 20 overs.
Devdutt Padikkal (52 off 34 balls) struck his maiden fifty of the season and Yashasvi Jaiswal made 47 for a 98-run partnership for the second wicket but the Royals were lagging behind in the run chase before gaining momentum in the last five overs.
Jurel played a small cameo of 34 not out off just 16 balls (2x4; 2x6) as the Royals scored 61 runs off the last five overs, losing three wickets in the process. But they fell short by seven runs in the end, reaching to 182 for 6 in 20 overs.
The Royals needed 20 runs off the final over bowled by Harshal Patel but could score only 12.
The Royals thus suffered their third defeat in seven matches but remained at the top of the points table due to a superior net run rate (0.844).
Harshal Patel (4-0-32-3) was the pick of the RCB bowlers while David Willey (4-0-26-1) and Mohammed Siraj (4-0-39-1) also played their parts.
(With PTI inputs)
from NDTV News- Special https://ift.tt/j0Rr7OE
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