2017-10-17 :Despite spike in band loans, DCB net jumps 21%
Small sized private sector lender DCB Bank reported net at Rs 59 crore which is a 21 per cent rise in its September quarter income. It has also reported a spurt in retail bad loans. The muted growth in non-interest income is because of the high base, where the bank had earned a healthy income on treasury operations last year.
2016-04-15 :DCB Bank Q4FY16 standalone net profit rises 10.47%
DCB Bank reported standalone net profit of Rs 69.53 crore for the quarter ended March 31, 2016, registering growth of 10.47%. Net Interest Income for the quarter stood at Rs 168.69 crore, clocking growth of 30.09%. GNPA for the quarter stood at 1.51% down 25 bps. For the year ended March 31, 2016, the bank reported net profit of Rs. 194.53 crore.
2016-03-09 :Thomas Cook India starts trade finance services
Travel company Thomas Cook India has teamed up with Western Union Business Solutions and Indian DCB Bank to help the country SMEs perform cross border trade payments. Thomas Cook will reach out to its SME client base and the larger SME market to refer their trade transactions to DCB Bank through the Western Union platform. The idea is to leverage Western Union payment technology and DCB Bank trade finance expertise to improve relationship management and automate payment confirmation, ultimately enhancing procurement for SMEs.
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