DCB surges on launching country’s first freedom prepaid card with ITZ cash

DCB Bank Ltd. | Bank - Private | BFSI | BSE: 532772 | NSE: DCBBANK

22 Dec 2011 Evaluate

Development Credit Bank is currently trading at Rs. 35.40, up by 0.50 points or 1.43% from its previous closing of Rs. 34.90 on the BSE.

The scrip opened at Rs. 34.50 and has touched a high and low of Rs. 35.60 and Rs. 33.65 respectively. So far 497870 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 66.00 on 14-Jul-2011 and a 52 week low of Rs. 33.05 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 38.30 and Rs. 33.05 respectively. The current market cap of the company is Rs. 699.07 crore.

The promoters holding in the company stood at 23.07% while Institutions and Non-Institutions held 13.19% and 63.74% respectively.

Development Credit Bank (DCB) and ITZ Cash in association with Visa have launched the country's first freedom prepaid card. The bank is targeting about making one million cardholders in next three years. The card will provide an instrument to the common man, who till today has been marginally excluded from experiencing the benefits of e-payment instrument like credit/debit cards.

Further, DCB-ITZ cash freedom prepaid card is a very innovative and powerful step towards empowering the urban unbanked segments.

Development Credit Bank provides banking services to customers in retail, small and medium enterprises, and corporate banking markets in India. It offers current and savings accounts, fixed deposits, recurring deposits and loans.

The bank’s net profit for the quarter under review rose by 176.56% at Rs 13.33 crore as compared to Rs 4.82 crore for the quarter ended September 30, 2010. The bank’s income earned has increased by 39.60% to Rs 178.52 crore for the quarter under review from Rs 127.88 crore for the similar quarter of the previous year.

DCB Bank Share Price

180.75 -5.65 (-3.03%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	781.20
ICICI Bank	1264.80
Axis Bank	1269.40
Kotak Mahindra Bank	380.75
Indusind Bank	949.85
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