DCB Bank said that the bank has allotted 17,850 equity shares of Rs 10 each, pursuant to the terms of the Employee Stock Option Plan (ESOP) of the Bank. Post allotment, bank's issued and paid up share capital has increased to 28,16,79,918 shares of Rs 10 each.

The bank reported a 17% year-on-year (y-o-y) increase in net profit to Rs 430 million in the December quarter on the back of improved interest income as well as non-interest income.

Shares of the bank declined Rs 1.65, or 1.41%, to trade at Rs 115.65 at the BSE (1.36 p.m., Thursday).