DCB Bank
DCB Bank Limited (NSE: DCBBANK; BSE:532772) is a new generation private sector scheduled commercial bank in India. It has a network of 336 branches.[2] and around 505 ATMs in the country.[3] It offers products to individuals, small and medium businesses, rural banking and mid corporates across the branch network.
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| Public | |
| Traded as | BSE: 532772 NSE: DCBBANK |
| ISIN | INE503A01015  |
| Industry | Banking Financial services |
| Founded | 1930s |
| Headquarters | Mumbai, Maharashtra, India |
Key people | Mr. Nasser Munjee Chairman Mr. Murali M. Natrajan MD & CEO [1] |
| Products | Consumer banking, Agriculture & Inclusive Banking Corporate banking, Finance and Insurance distribution, Mortgage loans, Private banking, Wealth management, Investment banking |
| Revenue |  |
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| Total assets | |
Number of employees | 6134 (2019)[1] |
| Capital ratio | 13.76% [1] |
| Website | www |
DCB Bank also serves a client base of NRI customers from over 100 countries across the world. DCB NRI Banking offers very attractive Fixed Deposit interest rates in the country, which is a much appreciated facility by its customers. Moreover, DCB NRI Customers can open a DCB NRI Account from anywhere in the world. A prospective customer only needs to log on the Bank's website, access the NRI open an account section and simply fill and submit online. The Bank's NRI Customer Service team available 24 Hours all through the year then reaches out to the customer to complete the account opening process.
The Aga Khan Fund for Economic Development (AKFED) is the promoter of the Bank with around 15% 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.[4]
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.
DCB Bank and Corporate Social Responsibility
Water is a national asset and the water crisis has been the reason for the Bank to focus CSR programmes around water. DCB Bank's CSR thrust areas are, protection of water bodies and sources of water, waste management, recycling, promoting startups, protection of monuments of national importance and promote renewable energy. DCB Social is DCB Bank's CSR outreach. DCB Bank is proud to have installed zerodor waterless urinals at the eponymous Wagah Border Check post, near Amritsar. The gents public toilets used by tourists are 100% waterless thus saving 1.5 to 1.8 liters per use.
History
DCB Bank over the years has built the branch network presence to 336 branches (as on 31 March 2020) from 160 branches in 2015. The Bank has come a long way from 1995 when it was granted a scheduled commercial bank licence from the Reserve Bank of India.
Historically, the Bank has its origins in Mumbai from a series of Co-operative bank mergers with the Ismailia Co-operative Bank Limited and the Masalawala Co-operative Bank respectively 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. DCB Bank went on to successfully offer shares to the public by an Initial Public Offering (IPO) in 2006. DCB Bank Limited is the name of the Bank, changed with due regulatory approval in January 2014.[5]
Presence
The Bank is present in 19 States and 2 Union Territories. Among the cities having DCB Bank branches are Agra, Ahmedabad, Ambala Cantt, Aurangabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Dehra Dun, Delhi NCR, Gandhinagar, Gurugram, Hyderabad, Indore, Dewas, Jabalpur, Jaipur, Jalandhar, Jodhpur, Kanpur, Kochi, Kolkata, Lucknow, Ludhiana, Mumbai, Meerut, NOIDA, Panjim, Patna, Pune, Surat, Trichy, Udaipur, Vadodara, Vishakhapatnam. DCB Bank is also focussed in expanding in tier 3 to tier 6 towns in Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Telangana.
States where DCB Bank branches are located: Andhra Pradesh, Bihar, Chhattisgarh, Delhi NCR, Gujarat, Goa, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal.
Awards
DCB Bank was the runner up Best Small Bank in India recognised by Businessworld Magna Awards 2018, the Bank was rated as the Best Small Bank in India by Businessworld Magna Awards 2017. the Bank was conferred the Good Corporate Citizen Award 2017- 2018, by Bombay Chamber of Commerce & Industry. This was in recognition for the activities actively promoted by the Bank for sustainability and climate change mitigation across India.
See also
References
- "Balance Sheet 31.03.2017". dcbbank.com (15 March 2018).
- "Archived copy". Archived from the original on 2 February 2014. Retrieved 22 November 2018.CS1 maint: archived copy as title (link)
- "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.
6. https://www.business-standard.com/article/companies/dcb-bank-q1-profit-at-rs-700-million-against-rs-650-million-in-q-fy18-118071400624_1.html Business Standard 14 July 2018
External links
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