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 investigation by the UK's healthcare agency NHS has linked the arrest of a nurse to death of three babies under suspicious circumstances at the hospital where she worked. According to The Telegraph, the nurse used to work at Birmingham Children's Hospital but her identity has not been released. The 28-year-old was arrested on suspicion of administering poison with intent to endanger life. This comes shortly after the conviction of another nurse named Lucy Letby on charges of murdering seven babies.
Though the probe was launched last year, after the baby's death, the nurse remained under investigation this weekend. She has not yet been taken back by the hospital, and the regulator too has suspended her, which means she cannot work as a nurse elsewhere.
All the families of the children involved in the review in Birmingham have been informed, said The Telegraph.
"In May 2022, a child on the paediatric intensive care unit at Birmingham Children's Hospital deteriorated suddenly and unexpectedly. Due to the circumstances of the deterioration, the trust acted straight away," Dr Fiona Reynolds, NHS trust's chief medical officer, said in a statement.
"A member of staff was suspended from work and subsequently arrested at home. Sadly, the child later died and our thoughts remain with the family," she added.
According to Metro, the NHS trust passed the findings to the police.
Meanwhile, Lucy Letby was accused of harming 17 babies, some of them just days old, between June 2015 and June 2016.
In the majority of cases she is believed to have injected them with air but prosecutors also accused her of introducing insulin or too much milk.
from NDTV News- Special https://ift.tt/ot2Q6RB
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