DCB Bank

DCB Bank
Private
Traded as BSE: 532772
NSE: DCBBANK
Industry Banking
Financial services
Founded 1930
Headquarters Mumbai, Maharashtra, India
Key people
 Nasser Munjee
Chairman
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 Increase₹2,076.15 crore (US$290 million) (2017)[1]
Increase ₹418.21 crore (US$58 million) (2017)[1]
Increase ₹199.68 crore (US$28 million) (2017)[1]
Total assets Increase₹24,046.37 crore (US$3.3 billion) (2017)[1]
Number of employees
 4,979 (2017)[1]
Capital ratio 13.76% [1]
Website www.dcbbank.com

DCB Bank Ltd. is a private sector scheduled commercial bank in India. It has a network of 323 branches[2] and around 530 ATMs in the country.[3] It offers products to individuals, small and medium businesses, rural banking and mid corporates across the branch network.

DCB Bank was the runner up Best Small Bank in India recognised by Businessworld Maga Awards 2018, the Bank was rated as the Best Small Bank in India by Businessworld Magna Awards 2017.

The Bank is present in 19 States and 3 Union Territories. 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.

DCB Bank has a good base of NRI customers from over 100 countries across the world. DCB NRI Banking offers very attractive Fixed Deposit interest rates in the country.This is obviously a much appreciated facility. 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

The Bank is leading a water conservation and waste management programme. Water is a national asset and the crisis around water 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 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 has over the past two years doubled the branch network presence to 323 branches (as on 30 June 2018) from 160 branches two years back. This relatively recent growth spurt has been instrumental in driving business growth as well visibility. The Bank has come a long way from humble beginnings 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.[5]

References

  1. 1 2 3 4 5 6 7 "Balance Sheet 31.03.2017". dcbbank.com (15 March 2018).
  2. ↑ http://www.dcbbank.com/about/
  3. ↑ "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.
  4. ↑ "Development Credit Bank Ltd". Rupee Times. 31 May 1995. Retrieved 16 March 2011.
  5. ↑ "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
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