After the net profit of DCB Bank rose 51.1% to Rs 113.85 crore on a 17.1% rise in total income to Rs 1,167.15 crore in the Oct-Dec quarter of  FY23 over the Oct-Dec quarter of FY22. DCB Bank jumped 1.06% to Rs 114.70.

• What is Stock Order : Types, Differences & How Order Works
• India’s Business Activity Hits 3-Month High in Nov Amid Rising Costs
• Trudeau to Cut Sales Tax and Send Checks to Canadians Ahead of Election
• Ashwini Vaishnaw Encourages German Companies to Invest in India
• Flipkart Appoints Dan Bartlett to Board

The bank’s profit before tax jumped 50.6% to Rs 153.43 crore in Q3 FY23 compared with Rs 101.86 crore in the Oct-Dec quarter of  FY22. Operating profit decreased by 2.51% to Rs 194 crore in the Oct-Dec quarter of  FY23 as against Rs 199 crore in the Oct-Dec quarter of FY22. Net interest income grew 29.28% to Rs 446 crore in the Oct-Dec quarter of FY23 as against Rs 345 crore in the Oct-Dec quarter of FY22. Net interest margin stood at 4.02% Oct-Dec quarter of FY23 compared with 3.61% in the Oct-Dec quarter of FY22.

Advances grew 21% to Rs 32,966 crore in the Oct-Dec quarter of FY23. Deposits jumped 23% year on year to Rs 39,506 crore in the Oct-Dec quarter of FY23. The provision coverage ratio (PCR) Oct-Dec quarter of FY23 was at 74.68%, and PCR without considering gold loans NPAs was at 75.64%

To provide banking and financial services governed by the Banking Regulation Act 1949.