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DCB Bank share zooms 10% after Q2FY25 profit climbs over 22% YoY

Business Standard LogoBusiness Standard6d ago

DCB Bank share zooms 10% after Q2FY25 profit climbs over 22% YoY - Business Standard

Quick Summary:

The surge in DCB Bank share price came after the lender reported a strong set of quarterly results (Q2FY25) on Thursday, October 24, 2024.

The Provision Coverage Ratio (PCR) stood at 75.62 per cent and PCR without considering Gold Loans NPAs was at 76.41 per cent.“Our growth trajectory continues to be robust both in deposits and advances.

The Bank’s business segments are Retail, micro-SMEs, SMEs, mid-Corporate, Microfinance Institutions (MFI), Agriculture, Commodities, Government, Public Sector, Indian Banks, Cooperative Banks and Non Banking Finance Companies (NBFC).


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 11:39:05 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23235623

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 216 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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