DCB Bank has decided to raise an amount not exceeding Rs 300 crore, including issue of shares under QIP, subject to securing appropriate regulatory and other approvals, as applicable. The board of directors at its meeting held on April 15, 2014, has approved for the same.
The bank has posted a rise of 14.57% in its net profit at Rs 39.08 crore for the quarter ended March 31, 2014 as compared to Rs 34.11 crore for the same quarter in the previous year. Total income of the bank has increased by 19.23% at Rs 341.34 crore for quarter under review as compared to Rs 286.28 crore for the quarter ended March 31, 2013.
