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DCB Bank Q1 net falls 57.5% to ₹34 cr - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
DCB Bank allots 15,500 equity shares under ESOP business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
"Nifty's next move of 200-300 points may be a bit of to and fro because of global cues. In the broader market, metals are poised to do much better," says Sanjiv Bhasin
Know the condition before opting for a fixed deposit with free life insurance Premium The life insurance is equivalent to the amount held in the fixed deposit. If you have ₹1 lakh in the FD, the insurance cover is ₹1 lakh. Photo: iStock 2 min read Read Full Story Some banks are offering free life insurance if you open a fixed deposit (FD) with them. But such insurance policies come with a cap and could have conditions and some restrictions. Take DCB Bank Suraksha FD as an example. The bank has tied up with Aditya Birla Sun Life for the life insurance policy. It's available for those between 18 and 54 years. According to the bank's website, customers who have completed 55 years are not allowed to open Suraksha FD.
DCB Bank rose 2.59% to Rs 93.10 after the bank's standalone net profit jumped 13.3% to Rs 77.91 crore on 4% decrease in total income to Rs 971.16 crore in Q4 FY21 over Q4 FY20. Net Interest Income fell 4% year-on-year (YoY) to Rs 311 crore in Q4 FY21. Non-Interest Income rose 22% YoY to Rs 134 crore in Q4 FY21. The bank's provisions and contingencies fell 14.43% to Rs 101.18 crore in Q4 FY21 over Q4 FY20. Gross non-performing assets (NPAs) stood at Rs 1,083.44 crore as on 31 March 2021 as against Rs 502.27 crore as on 31 December 2020 and Rs 631.51 crore as on 31 March 2020. The ratio of gross NPAs (GNPA) to gross advances stood at 4.09% as on 31 March 2021 as against 1.96% as on 31 December 2020 and 2.46% as on 31 March 2020. The ratio of net NPAs (NNPA) to net advances stood at 2.29% as on 31 March 2021 as against 0.59% as on 31 December 2020 and 1.16% as on 31 March 2020.
Results: DCB Bank's PAT was down marginally at Rs 336 crore in FY 2021; a rise of 13% in Q4 FY21 freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.