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...
Sheejith Krishna, a former faculty of Chennai's Kalakshetra Foundation, has been arrested today on allegations of sexual harassment by former students. A renowned dancer, Mr Krishna had resigned on his own from Kalakshetra and started his own dance academy. Sheejith Krishna's team is yet to respond on the allegations.
The former students, now settled abroad had moved the Madras High Court, alleged Mr Krishna had sexually harassed them when they were on campus between 1996 and 2001. The court had directed the Chennai Police Commissioner to act on the complaint. Confirming the arrest, a senior police officer told NDTV "The former students allege Sheejith used them".
Last year, the Kalakshetra Foundation sacked professor Hari Padman after an inquiry committee found him guilty of sexual harassment. He was also arrested.
Large sections of students had also taken to the streets alleging sexual harassment by faculty and repertory artists and they sought justice citing inaction by the administration.
Initially, the management and the National Commission for Women had denied any sexual harassment until the issue went to court. Around a hundred students, including male students, gave written complaints to the state women's commission.
An independent committee has given a set of recommendations that the Madras High Court has urged the institution to implement, calling its failure to address sexual harassment a "blight on Kalakshetra". The recommendations include a ban on entry of students into teachers' quarters except during community celebrations, a ban on "engaging repertory artists, curtailing obsession on performance and an emphasis on deep learning and polishing art form".
from NDTV News- Special https://ift.tt/mYDduqc
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