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DCB Bank Ltd News

DCB Bank Q4 results: Net up 9% at Rs 156 cr, board approves Rs 500 cr QIP

The capital adequacy ratio of DCB Bank stood at 16.59 per cent with Tier-I at 14.53 per cent at the end of March 2024

DCB Bank Q4 results: Net up 9% at Rs 156 cr, board approves Rs 500 cr QIP
Updated On : 24 Apr 2024 | 8:20 PM IST

DCB Bank Q4 result: PAT up 10% at Rs 156 cr, total income at Rs 1,581 cr

Private sector lender DCB Bank on Wednesday reported a net profit of Rs 156 crore in the March quarter, registering a 9.85 per cent jump over the year-ago period. The bank had reported a profit Rs 142 crore in the fourth quarter of the 2022-23 fiscal. The bank's total income rose to Rs 1,581 crore in the fourth quarter of FY24, from Rs 1,302 crore a year ago. For full 2023-24 fiscal, DCB Bank's net profit stood at Rs 536 crore, a jump of 15 per cent in the year-ago period. In 2022-23 fiscal, the net profit stood at Rs 466 crore. The bank's Board of Directors at its meeting on Wednesday also recommended a dividend of Rs 1.25 per equity share of face value of Rs 10 each, DCB Bank said in a regulatory filing. Shares of DCB Bank closed at Rs 136.45, up 10.17 per cent over the previous close on the BSE.

DCB Bank Q4 result: PAT up 10% at Rs 156 cr, total income at Rs 1,581 cr
Updated On : 24 Apr 2024 | 5:40 PM IST

NPST bags online dispute resolution solution contract from DCB Bank

Banking and payment services provider NPST on Thursday announced that it has secured a contract for an Online Dispute Resolution (ODR) solution from DCB Bank. Private sector lender DCB Bank will implement NPST's ODR to streamline customer complaint addressal, enhance efficiency and rationalise operational and compliance costs, the company said in a release. NPSI focuses on UPI payments and digital banking solutions. It functions as a Technology Service Provider (TSP) and a Third-Party Aggregator Provider (TPAP), it said. "NPST's Online Dispute Resolution solution aligns with DCB Bank's customer-centric ethos, ensuring safe and secure payments while fostering loyalty-building interactions and driving productivity and cost savings," Deepak Chand Thakur, Co-founder and CEO of NPST, said. NPST's ODR, an advanced digital platform for prompt remediation of transactional disputes and customer complaints, enables DCB Bank to uphold high standards of customer service and transparency, the .

NPST bags online dispute resolution solution contract from DCB Bank
Updated On : 29 Feb 2024 | 3:40 PM IST