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...
People with more than two children will not be eligible for government jobs in Rajasthan -- this 1989 law of the state has now got the Supreme Court's seal of approval.
The rule is non-discriminatory, the judges said, hearing a petition challenging it.
It falls within the purview of policy and there is "no need to interfere with it," said the bench of Justices Surya Kant, Dipankar Dutta and KV Vishwanathan, in an order on February 20.
The bench upheld the decision of Rajasthan High Court of October 12, 2022, and dismissed the petition of former soldier Ramji Lal Jat.
After retirement from defence services in January 2017, the soldier had applied for the post of a constable in Rajasthan Police in May 2018.
But his application was rejected under the Rajasthan Police Subordinate Service Rules, 1989, as he had more than two children after 1 June 2002.
The court said it had earlier approved similar rules – meant to promote family planning -- for contestants of Panchayat elections.
from NDTV News- Special https://ift.tt/3IRkMUO
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