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...
The doors to Ram temple in Ayodhya --- that will be consecrated in January -- open via Hyderabad. A city-based firm is crafting the door to the sanctum sanctorum as well as 17 doors in the main temple and those in structures around.
The inauguration of the temple will take place on January 22 and most of the construction on the first floor of the temple is done. The work has now progressed to the level of decorations, which will take up the rest of the remaining period.
Sarath Babu, director Of Anuradha Timbers International, told NDTV in an exclusive interview that the door to the sanctum sanctorum --- which will house the idol of 5-year-old Lord Ram -- will be a formidable one. The 8-feet tall doors will be 12-feet wide and six inches thick.
"So far 18 doors of the main temple are competed and 100 frames around the temple. Until yesterday, we completed 118 doors," he said, predicting that the number is likely to go up.
The doors -- being built by craftsmen from Tamil Nadu -- will be designed in Nagara style, displaying traditional Indian motifs of lotus, peacocks and other birds.
Nagara is the north Indian style of temple architecture that is said to have started in the Gupta period in the Third Century CE and continued till the advent of Muslims.
The wood used for the doors is Balarshah teak from Maharashtra, which will be covered with gold leaf.
Asked about the selection process, Mr Babu said the temple committee had "invited" the biggest names in the business. They were asked to build a model of the temple, after which his firm was called in and given the job of doing the doors.
from NDTV News- Special https://ift.tt/0jfAmW4
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