Development Credit Bank (DCB) Bank Limited is a private sector scheduled commercial bank in India. This company has a network of 331 branches and around 505 ATMs in the country. Development Credit Bank (DCB) Limited offers products to individuals, small and medium businesses, rural banking and mid-corporates across the branch network. The content is about DCB Bank Share Price Graph and news.
About the company –
Development Credit Bank (DCB) Limited also serves a client base of NRI customers from over 100 countries across the world. This Bank’s NRI Banking offers very attractive Fixed Deposit interest rates in the country. Development Credit Bank (DCB) Limited is obviously a much-appreciated facility. Moreover, Development Credit Bank (DCB) NRI Customers can open a DCB NRI Account from anywhere in the world. Development Credit 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.
Development Credit Bank’s products and services range from loans for Small and medium enterprises and Mid Corporate customers. This bank provides loans for individual needs likes home loan, loan against gold, commercial vehicle loan and small business loan. Agri and Inclusive Banking from DCB Bank includes tractor loan, loan against gold, warehouse finance, loan against warehouse receipt, dairy and farm loan, loans for microfinance organizations amongst other products.
Development Credit Bank Savings Accounts provide attractive value such as cash back option and personalized account number. Basically, the bank PayLess secured credit card is a credit builder card. DCB Bank is active in the online and digital banking space with DCB on the Go – instant mobile banking, SMS banking, telephone banking.
DCB Bank Share Price Graph
Company summary –
DCB bank, incorporated in 1918. This Bank is one of the emerging private sector banks in India. The company has a network of 80 branches and access to more than 18000 ATMs spread across Maharashtra, Gujarat, Andhra Pradesh, Karnataka, New Delhi, Goa, Tamil Nadu, Haryana, West Bengal, Rajasthan, Union Territories of Daman and Diu and Dadra and Nagar Haveli.
In December 2009, DCB launched its free Wealth Management advisory service and no bank charges or service fee for Mutual Fund investments. This Bank is amongst the 5 private sector banks to waive advisory fee and service charge for Mutual Fund investments. In July 2010, the bank received RBI’s permission to open two Semi Urban or Rural branches in Gujarat, as a part of its financial inclusion plan. The bank is one of the emerging private sector banks in India having access to over 18,000 ATM’s and 75 states of the art branches and extension counters spread over nine states and two union territories.
Registered Address –
601 u0026amp; 602, Peninsula Business Park,
Tower A, 6th floor, Senapati Bapat Marg,
Mumbai, Maharashtra – 400013.
Group: MNC Associate
Link Intime India Pvt. Ltd.
C 101, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai – 400083, Maharashtra.
Phone : 022-49186270, 49186200, 49186270
Fax : 022-49186060, 49186195
Company financials :
DCB Bank key Products or Revenue Segments include Interest and Discount on Advances and Bills which contributed Rs.1940.27 Crore to Sales Value 80.40 % of Total Sales. Income From Investment of this bank which contributed Rs.420.79 Crore to Sales Value 17.43 % of Total Sales. The interest of DCB Bank which contributed Rs.33.90 Crore to Sales Value 1.40 % of Total Sales. Interest On Balances with RBI and Other Inter-Bank Funds of this bank which contributed Rs.18.03 Crore to Sales Value 0.74 % of Total Sales for the year ending 31st March 2018.
This DCB Bank has reported a Gross Non-Performing Assets Gross NPAs of Rs.445.12 Crore 1.92 % of total assets and Net Non Performing Assets or Net NPAs of Rs.163.44 Crore 0.71% of total assets.
For the quarter ended 31st December 2018, this bank has reported a Standalone Interest Income of Rs.628.35 Crore, up 6.20 % from last quarter Interest Income of Rs.591.69 Crore. Also, DCB Bank has reported up 26.72 % from last year same quarter Interest Income of Rs.495.85 Crore. Development Credit Bank has reported a net profit after tax of Rs.86.10 Crore in the latest quarter.
The Board of Directors of the company :
- Nasser Munjee is the Chairman of DCB Bank.
- Altaf Jiwani is the Director of this bank.
- Imran Contractor is one of the Director of Development Credit Bank (DCB) Bank.
- C Narasimhan is another Director of this bank.
- Shaffiq Dharamshi is the Director of DCB Bank.
- Iqbal Khan is the Director of this bank.
- Murali M Natrajan is the Managing Director and CEO of DCB Bank.
- Amin Manekia is one of the Director of this bank.
- Jamal Pradhan is a Director of DCB Bank.
- Rupa Devi Singh is the Director of this bank.
- S Sridhar is a Director of Development Credit Bank (DCB) Bank.
- Ashok Barat is one of the Director of this bank.
News of the company :
In the dated 26th February 2019, reported that Buy DCB Bank Ltd. at a price target of Rs.190.0 and a stop loss at Rs.178 from entry point. The index formed a bullish candle and surpassed it’s 50-day EMA and Midcaps and smallcaps rose but trailed Sensex in terms of percentage gains in 25th February 2019. In the dated 23rd February 2019, reported that During the past year, the government earned an estimated Rs.7.41 lakh crore from the new indirect tax and this is confident that collections will exceed Rs.13 lakh crore in the current financial year of DCB Bank.
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