Category: DCB Bank

Shemaroo Entertainment, one of India’s leading media & entertainment conglomerates, takes a significant leap in its expansion in the global telco, ISP (Internet Service Provider), and OEM (Original Equipment Manufacturer) landscape by collaborating with four international telecom operators to extend its OTT platform, ShemarooMe. In this strategic move, partnerships with Zain, STC, and Mobily in Saudi Arabia, along with Vodafone in Qatar, facilitated by DCB (Direct Carrier Billing) partners, 3A net and one97 communications, showcase Shemaroo’s commitment to delivering diverse entertainment experiences worldwide.
This collaboration not only broadens…
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Source: https://www.adgully.com/shemaroo-partners-with-four-telecom-giants-for-dcb-services-141669.html

In a recent verdict, the District Consumer Disputes Redressal Commission-I, U.T. Chandigarh, has delivered a significant judgment in Consumer Complaint No. CC/576/2020, wherein the complainants, Mohd. Irfan, Mohd. Farhan, Mohd. Sultan, and Khursheeda Begum, residents of Govind Pura, Mani Majra, UT, Chandigarh, took on DCB Bank Ltd. The commission, comprising President Pawanjit Singh, Member Surjeet Kaur, and Member Suresh Kumar Sardana, ruled on the case on January 18, 2024.

The complainants had applied for a Business Loan at the Mohali Branch of DCB Bank Limited on December 28, 2019, securing approval for a substantial amount of Rs.66,20,000/-. However, their ordeal began when the…
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Source: https://lawtrend.in/consumer-commission-rules-against-dcb-bank-for-unfair-practices-in-loan-dispute/

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Motilal Oswal’s research report on DCB Bank
DCB Bank (DCBB) reported 11% YoY/flattish QoQ growth in PAT to INR1.3b (in line), led by weak NII growth (6% lower than MOSLe). NII grew 6% YoY to INR4.7b (flat QoQ, 3% lower than MOSLe). NIM continued to moderate 21bp QoQ to 3.48% during the quarter. Advances grew 18% YoY, supported by healthy growth in mortgages, Agri, and co-lending advances. Deposits rose 19% YoY/3.6% QoQ, led by growth in SA deposits, resulting in a 109bp QoQ increase in CASA ratio to 26.1%….
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Source: https://www.moneycontrol.com/news/business/stocks/neutral-dcb-bank-target-of-rs-150-motilal-oswal-12140771.html/amp

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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Source: https://www.livemint.com/market/stock-market-news/dcb-bank-q3-results-stock-falls-over-6-as-nim-contracts-in-december-quarter-should-you-buy/amp-11706163515281.html

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Market Capitalisation.
Net Sales.
Net Profit.
Total Assets.
Excise.
Other Income.
Raw Materials.
Power & Fuel.
Employee Cost.
PBDIT.
Interest.
Tax.
EPS.
Investments.
Sundry Debtors.
Cash/Bank.
Inventory.
Debt.
Contingent Liabilities.

Screen Crit

Abrasives
Aerospace & Defence
Agriculture
Air Conditioners
Airlines
Aluminium & Aluminium Products
Amusement…
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Source: https://www.moneycontrol.com/

Banks are luring customers for deposits with higher interest rates and offers for boosting digital transactions through UPI.
State-run Bank Of India has introduced a ‘super special fixed deposit’ at an interest rate of 7.5% for deposits between ₹2 core and ₹50 crore, while DCB Bank has launched a savings account that offers cashback for digital transactions.
The super special fixed deposit at the Bank Of India is for a limited period and gives 7.5% for 175 days, according to a release.
DCB’s savings account holders may get cashback rewards for UPI debit transactions, with a minimum transaction amount of ₹500. “Customers will make the most of their everyday banking, with…
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Source: https://b2bchief.com/boi-hikes-rates-for-big-deposits-dcb-offers-rewards-on-upi-spends/

Updated Jan 5, 2024 | 09:06 AM ISTCheck out Kunal Bothra and Vaishali Parekh’s stock picks for the day. Bandhan Bank, DCB Bank, Jupiter Wagon, Tata Chem Stocks by Kunal Bothra & Vaishali Parekhi. Watch the video for more details!#stockstobuy #stocksrecommendation #market
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Source: https://www.etnownews.com/videos/bandhan-bank-dcb-bank-jupiter-wagon-kunal-vaishali-parekhs-top-picks-et-now-video-106559129/amp