Earlier in July, RBI approved Tata Asset Management Private Limited (TAMPL) to acquire up to 7.5% of the paid-up equity capital of DCB Bank.
DCB Bank is engaged in providing banking and financial services. Its net profit jumped 30.7% to Rs 126.93 crore on 29.1% rise in total income to Rs 1344.68 crore in Q1 FY24 over Q4 FY23.