DCB Bank has received its shareholders’ approval to raise around Rs 300 crore through issuance of foreign or local currency securities. The approval was sought at the bank’s annual general meeting on June 6, 2014.
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.
