DCB BANK (DEVELOPMENT CREDIT BANK)

DCB Bank Ltd. (Formerly Development Credit Bank Ltd.) is a private sector scheduled
commercial bank in India. It has a network of 160 branches and 370 ATMs in the country. 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, Delhi NCR, Gandhinagar, Gurgaon, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar,
Jodhpur, Kochi, Kolkata, Lucknow, Ludhiana, Mumbai, NOIDA, Panjim, Pune, Surat, Trichy
and Vadodara.
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 Ashoknagar in Madhya Pradesh and Waghodiya in
Gujarat. The Aga Khan Fund for Economic Development (AKFED) in 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.
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.
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. The Bank 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.
DCB Bank is a modern emerging new generation private sector bank with 130 plus branches
across 17 states and 2 union territories. It is a scheduled commercial bank regulated by the
Reserve Bank of India. It is professionally managed and governed. DCB Bank has contemporary
technology and infrastructure including state of the art internet banking for personal as well as
business banking customers. DCB Banks business segments are Retail, micro-SMEs, SMEs,
mid-Corporate, Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-
operative Banks and Non Banking Finance Companies (NBFC). DCB Bank has approximately
450,000 customers. DCB Bank has deep roots in India since its inception in 1930s. Its promoter
and promoter group the Aga Khan Fund for Economic Development (AKFED) & Platinum
Jubilee Investments Ltd. holds over 19% stake. AKFED is an international development
enterprise. It is dedicated to promoting entrepreneurship and building economically sound
companies. History Founded in the1930s, 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. The Bank 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. Development Credit Bank (DCB) is the only co-
operative bank which has successfully attained prosperity in the face of change. On May 31,
1995 bank was converted into a Scheduled Commercial Bank. The bank has considerably
expanded the DCB network by 2008 through shared networks. It is not just a bank but a financial
supermarkets.
BANK PRODUCTS AND SERVICES

Mentioned below is the list of products and services offered by Development Credit Bank Ltd to
its resident Indian client

Account Services
• Current Account
• Savings Account

Savings Services
• Recurring Deposits
• Fixed Deposits

Credit Facilities
• For Business
• Credit Against Gold

• Construction Tools Credits

• Auto Credit

• Business Vehicle Credits

Endowment Facilities
• Life Insurance
• General Insurance

• Demat Account Services

• Mutual Funds
• Licensed Banking
• Smart Business facilities
Other Services
• Electronic Funds Transfer (EFT) Services
• Account Statement by E-Mail
• Card to Card Money Transfer Services
• Telephone Phone Banking
• E-mail Banking

• Cell Phone Banking Services

• Global Debit Card Services

• Visa Money Transmittal Services

• Cash Chests

Bank offers an extensive range of products through its branches. The low-cost products have
been designed to cater the needs of small and medium businesses in selective regions. asic
products like savings and current accounts and innovative products like ‘DCB Trio’ and ‘Easy
Business,’ are also being offered. Bank also offers demat account and a range of investment
products like mutual funds, insurance and bonds make the product offering complete.
Development Credit Bank (DCB) is emerging private sector banks in India has the Network of
80 state-of-the-art branches and extension counters spread across the states of Maharashtra,
Gujarat, Andhra Pradesh, Karnataka, New Delhi, Rajasthan, Goa, Tamil Nadu, Haryana, West
Bengal, Union Territories of Daman & Diu and Dadra & Nagar Haveli. The terms of the
banking license issued to the Bank under Section 22 of the Banking regulation Act stipulated,
amongst others, that:

a) the Bank must comply with the Guidelines on Entry of Private Sector Banks dated
January 22, 1993 issued by the Reserve Bank of India;

b) on the date of conversion, the unimpaired value of the paid up capital and reserves of the
Bank together with the share application money received by it should not be less than
 Rs.1000 million; c) the Bank must make a public issue of its equity and arrange to have
its shares listed on stock exchanges immediately after one year of its operations;

c) the Bank must comply with the priority sector lending norms of 40% as applicable to
private sector banks; and that

d) the Bank must ensure that not less than 25% of its branches are in rural/semi- urban areas
within three years of its operations. The Guidelines on Entry of Private Sector Banks
which chalk out the scheme for permitting the entry of new private sector banks,
prescribe, in relation to such a new private sector bank that: a) the new bank may be
listed in the Second Schedule of the Reserve Bank, 1934; b) shares of the banks should
be listed on stock exchanges; c) voting rights of the shareholders of the bank shall be
governed by the ceiling of 16 1% (now increased to 10%) of the total voting rights as
stipulated in Section 12(2) of the Banking Regulations Act; d) the new bank must not
have as its director any person who is a director of any other banking company or of
companies which are entitled to exercise voting rights in excess of 20% of the total
voting rights of all the shareholders of the banking company as laid down in the Banking
Regulation Act, 1949; e) the bank must achieve capital adequacy of 8% (now increased
to 9%) of the risk weighted assets from the beginning. Similarly norms for income
recognition, asset classification, and provisioning will also be

applicable to it from the beginning. The bank must also comply with the single borrower and
group borrower exposure limits that will be in force from time to time;

e) though the bank must comply with the norms for priority sector lending, some
modification in the composition of the priority sector lending may be considered by the
RBI for an initial period of three years;

f) the bank may be issued an authorized dealer’s license to deal in foreign exchange when
applied for;
g) it shall be governed by the policy that banks are free to open branches at various centers
including that banks are free to open branches at various centers including
urban/metropolitan centers without the prior approval of the RBI once they satisfy the
capital adequacy and prudential accounting norms. However, to avoid over-concentration
of their branches in metropolitan areas and cities, a new bank must open rural and semi-
urban branches also; and that

h) such a new bank must make full use of modern infrastructural facilities in office
equipment, computer, telecommunications etc. in order to provide good customer service.
2007 - Development Credit Bank Ltd (DCB) has appointed Mr. D E Udwadia as an
Additional Director of the Bank. 2009 - Development Credit Bank Ltd (DCB) has
appointed Mr. Suhail Nathani as an Additional Director of the Bank at the Meeting of the
Board of Directors of the Bank held on January 29, 2009. - Development Credit Bank Ltd
(DCB) has appointed Mr. Murali M Natrajan as an Additional Director of the Bank w.e.f
April 29, 2009. Further, pursuant to approval of the Reserve Bank of India, Mr. Murali M
Natrajan has been appointed as Managing Director (MD) & CEO of the Bank for a period
of three years from April 29, 2009. 2010 - DCB Appoints Mr J.K Vishwanath as Chief
Credit Officer. - Development Credit Bank Ltd. and ICICI Lombard GIC Ltd. in
Bancassurance partnership. - DCB received permission to open two Semi-Urban / Rural
branches in Gujarat. The locations are Netrang, a Rural branch in Bharuch district and
Mandvi, a Semi Urban branch in Surat district. 2011 - Development Credit Bank (DCB)
inaugurated its newest branch in Gujarat at Vadodara . The branch is located at Ground
floor of Startrek Building, Opposite ABS Tower, OP Road, Vadodara. - DCB Bank
inaugurates 81st branch at Mandvi, Surat District, Gujarat. -DCB presents Aga Khan
Hockey Tournament May 15, 21, 2011. 2012 - Development Credit Bank Ltd has
informed BSE regarding updates on Capital raising plan - QIP issue and preferential
issue. - DCB Bank inaugurates new branches in Itarsi and Pipariya, Madhya Pradesh. -
DCB Bank and ITZ Cash launch Freedom Pre-Paid Card.