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DCB Financial institution Q2 Outcomes: DCB Financial institution on Tuesday reported a 13 per cent rise in web revenue to Rs 127 crore within the September quarter, pushed by core earnings. The non-public sector lender had posted a web revenue of Rs 112 crore within the year-ago interval.
Complete earnings within the second quarter of the present fiscal rose to Rs 1,413 crore from Rs 1,099 crore in the identical interval a 12 months in the past, DCB Financial institution mentioned in a regulatory submitting.
The online curiosity earnings of the financial institution improved to Rs 476 crore within the quarter below assessment from Rs 411 crore a 12 months in the past.
The financial institution’s asset high quality confirmed enchancment as gross non-performing belongings declined to three.36 per cent of gross advances on the finish of the September quarter from 3.89 per cent.
Equally, web NPAs or dangerous loans declined to 1.28 per cent as in opposition to 1.54 per cent within the year-ago interval.
Nonetheless, capital adequacy ratio of the financial institution declined to 16.55 per cent as in comparison with 17.91 per cent on the finish of the September quarter final 12 months.
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