DCB Bank extends rally, surges 20% in two days on heavy volumes

The bank has said the moratorium has been reduced from Rs 1,908.1 crore as on March 31, 2020, to Rs 710 crore on May 31, 2020.

Shares of DCB Bank were trading higher for the second straight day, up 7.5 per cent at Rs 85.40 on the BSE on Friday on the back of heavy volumes.

The trading volumes on the counter nearly doubled with a combined 7.57 million equity shares changing hands on the NSE and BSE till 10:02 am. In comparison, the S&P BSE Sensex was up 0.22 per cent at 34,285 points.

In the past two trading days, the stock of the private sector lender has rallied 20 per cent after the lender reported a reduction in accounts in SMA/overdue categories wherein moratorium