DCB Bank
 | |
| Public company (BSE: 532772) (NSE: DCBBANK) | |
| Industry |
Banking Financial services |
| Founded | 1995 |
| Headquarters | Mumbai, Maharashtra, India[1] |
Key people | Nasser Munjee, Chairman,[2] Murali M. Natrajan (MD & CEO)[3] |
| Products |
SME Banking Retail Banking Corporate Banking Agri & Inclusive Banking Wealth Management Home Loan & Loan Against Property (Mortgages) Credit Card |
| Revenue |
 ₹6.48 billion (US$95 million)(2011)[4] |
| Total equity | INR 1639 million Q1'16 |
Number of employees | 3,500 approximately Q1'16 |
| Website | Official Website |
DCB Bank Ltd. is a private sector scheduled commercial bank in India. It has a network of 176 branches[5] and over 400 ATMs in the country.[6] It offers products to individuals, small and medium businesses, rural banking and mid corporates across its branch network.
The Bank is present in 17 states and 2 Union Territories. Metros having DCB Bank branches are Ahmedabad, Aurangabad, Bengaluru, Bhopal, Bhubaneswar, Chennai, Coimbatore, Delhi NCR, Gandhinagar, Gurgaon, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jodhpur, Kochi, Kolkata, Lucknow, Ludhiana, Mumbai, NOIDA, Panjim, Pune, Surat, Trichy, Vadodara and Vishakhapatnam. DCB Bank is also focussed in expanding in tier 3 to tier 6 towns in Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Telangana.
States where DCB Bank branches are located: Andhra Pradesh, Chhattisgarh, Delhi NCR, Gujarat, Goa, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal.
DCB Bank recently inaugurated branches at Kusnoor (Gulbarga) in Karnataka, New Delhi in the National Capital Region, Ajmer in Rajasthan and Vishakhapatnam in Andhra Pradesh.
The Aga Khan Fund for Economic Development (AKFED) is the promoter of the Bank with around 16.3% stake. Public shareholding under the Resident Individual category is approximately 39.4%. The Bank received the Scheduled Commercial Bank licence from the Reserve Bank of India on 31 May 1995.[7]
DCB Bank's products and services range from loans for Small and medium enterprises and Mid Corporate customers, to Loans for individual needs such as home loan, loan against gold, commercial vehicle loan and small business loan. Agri & Inclusive Banking from DCB Bank includes tractor loan, loan against gold, warehouse finance, loan against warehouse receipt, dairy and farm loan, loans for microfinance organisations amongst other products.
DCB Bank Savings Accounts provide attractive value such as cash back option and personalised account number. Additionally, DCB PayLess secured credit card is a credit builder card. The Bank is active in the online and digital banking space with DCB on the Go - instant mobile banking, SMS banking, telephone banking, Visa money transfer, foreign exchange remittance service amongst others. Banking for NRIs or Non Resident Indians is also provided at DCB Bank.
History
Founded in the 1930s, in Mumbai from a series of Co-operative bank mergers with the Ismailia Co-operative Bank Limited and the Masalawala Co-operative Bank respectively. These 2 banks later merged to form Development Co-operative Bank, that changed to Development Credit Bank after it was granted the scheduled bank license by the Reserve Bank of India in May 1995. Development Credit Bank Ltd. went on to successfully offer shares to the public by an Initial Public Offering (IPO) in 2006. DCB Bank Limited is the new name of the Bank, changed with due regulatory approval in January 2014.[8]
References
- ↑ "DCB | About DCB | Corporate Office". Dcbl.com. Retrieved 16 March 2011.
- ↑ "'Development Credit Bank planning a meaningful stake sale this year'". Business-standard.com. 24 June 2009. Retrieved 16 March 2011.
- ↑ "Bank of Baroda, Development Credit Bank hike base rates - Money Matters". livemint.com. 5 October 2010. Retrieved 16 March 2011.
- ↑ "BSE Plus". Bseindia.com. Retrieved 16 March 2011.
- ↑ http://www.dcbbank.com/about/
- ↑ "Development Credit Bank eyeing Rs150 cr through QIP in H2, aims for profit in Q3 - Money - DNA". Dnaindia.com. 18 April 2010. Retrieved 16 March 2011.
- ↑ "Development Credit Bank Ltd.". Rupee Times. 31 May 1995. Retrieved 16 March 2011.
- ↑ "Company History". economictimes.indiatimes.com. Retrieved 16 March 2011.
