Shares of DCB Bank fell over 6 percent on Thursday after the lender witnessed a decline in its net interest margin (NIM) for the quarter ended December (Q3FY24). Its NIM for Q3FY24 declined sharply 21 bps QoQ to 3.48 percent.
The lender posted an 11.2 percent year-on-year (YoY) rise in its net profit to ₹126.6 crore for the third quarter of FY24, as against ₹113.9 crore in the same period last year. However, sequentially, the net profit was flat from ₹126.79 in the September quarter…
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