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 police paraded them through the very market where they fired gun shots, threw down bombs in a busy market to celebrate the birthday of their gang leader in Uttar Pradesh, showed a video.
The incident, which was reported from the Lal Bangla area of Kanpur, took place on Wednesday.
CCTV footage helped zero in on the suspects and the police arrested three people.
The three arrested have been identified as Sahil (18), Debu Kumar Valmiki (27), and Razjulla (23).
The video showed that the men, surrounded by cops, were taken around the same busy market to restore confidence among the people.
A senior police officer assured that under no circumstances will the social peace be allowed to be disturbed.
"The police is keeping an eye on some of the associates of the three accused who have been arrested now and appropriate action will be taken against them," said the senior police officer.
(With inputs from Arun Agarwal)
from NDTV News- Special https://ift.tt/WO51wLu
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