Introduction
DCB Bank Ltd which was formerly known as Development Credit Bank Ltd is a private sector programmed profitable bank in India. It has a system of 141 office branches and nearly 251 ATMs around the country. It proposes various useful products to people, small and average businesses, countryside banking and corporates in discerning regions. The Bank is currently present in 18 places around the country that include 2 Union Territories and 16 states. Metro cities in which DCB Bank branches are situated are Ahmedabad, Bengaluru, Chennai, Delhi, Gurgaon, Hyderabad, Kolkata, Mumbai and Pune.The DCB Bank has devoted its operations to bring rural banking office branches in the state of Chhattisgarh, Andhra Pradesh, Gujarat, Madhya Pradesh, Odisha and Rajasthan. The Aga Khan Fund for Economic Development shortly referred to as AKFED is the marketer of the Bank with about 18% stake. Open shareholding in the Resident Individual group is roughly 39.4%. The Bank has obtained the Scheduled Commercial Bank authorization from the headquarters of Reserve Bank of India on the 31st day of May month in the year 1995.
Services
DCB Bank's commercial business products and facilities range from loans for small and average enterprises, Capital Management, banking for Non Resident Indians, Mobile Banking, Business Finance, Internet Banking and Home Loans. The bank also offers various banking solutions for the non-resident Indians such as fixed deposit, recurring deposit, savings account, current account, PayLess Credit Card, international Debit cum ATM card, insurance products.
Monetary services like Electronic funds transfer such as NEFT and RTGS, SMS banking, online income tax payment, telephone banking, card to card money transfer, online bill payment for utilities, DCB on the Go - instant mobile banking, Visa money transfer, foreign exchange remittance service amongst others.The DEB Bank was founded in the 1930's, in the vibrant city of Mumbai from chains of Cooperative bank unions with the Ismailia Cooperative Bank Limited and the Masalawala Cooperative Bank correspondingly. These two banks later combined to form the Development Co-operative Bank (DCB) that transformed to Development Credit Bank once it was approved of the scheduled bank license by the headquarters of Reserve Bank of India in the month of May in the year 1995.
History
The DCB Bank went on to magnificently offering shares to the public by an Initial Public Offering that was made in the year 2006. DCB Bank Ltd. is the whole new name of the Bank which was reformed with due supervisory approval in the month of January in the year 2014. The bank has earned on nearly 78 years of tradition, trust and togetherness, DCB Bank was changed into a Scheduled Commercial Bank on May 31st day in the year 2006, in the stir of India?s financial liberalization.DCB bank was the only cooperative bank, which has magnificently crossed over and flourished in the phase of change. The Bank has a system of over 130 plus state of the art, customer friendly and suitably located office branches through out the states of Maharashtra, Telangana, Andhra Pradesh, Gujarat, Karnataka, Delhi/ NCR, Rajasthan, Tamil Nadi, Goa, Haryana, West Bengal and the Union Territories of Daman & Diu and Dadra & Nagar Haveli.
Facts
• DCB bank has reported a full year net profit of rupees 151 cr. in financial year 2014 as against full year net profit of rupees 102 cr. in financial year 2013. The Bank's net profit for financial year 2014 was about rupees 39 cr. as touching net profit of rupees 34 cr. in the financial year 2013 and rupees 36 cr. in the financial year 2014.• As on the month of March 31st in the year 2014, the balance sheet was at about whooping Rupees 12,923 cr. as against the Rupees 11,279 cr. as on the month of March 31st in the year 2013 which is a growth rate of 15%.
• Retail Deposits such as Retail CASA and Retail Term Deposits are still continued to deliver a steady supply base to the Bank. Retail deposits were at about 77% of the total Deposits as on the month of March 31st in the year 2014.
• CASA share as on the month of March 31st in the year 2014 was at 25%.
• Net Advances grew to Rupees 8,140 cr. as on the month of March 31st in the year 2014 from Rupees 6,586 cr. as on the month of March 31st in the year 2013, which is a growth rate of 24%.
• Capital Adequacy Ratio was at 13.71% as on the month of March 31st in the year 2014 with Tier I percentage at 12.86% and Tier II percentage at 0.85% which was as per Basel III norms.
• Crisil Ratings assigned "CRISIL A1+" rating to the bank for the Short Term Fixed Deposit Program which came with a contracted maturity of up to 1 year.