DCB Bank has acquired an equity stake of 5.81% for Rs 9.99 crore in Annapurna Microfinance. Annapurna is a growing and successful microfinance institution (MFI) focused primarily in rural locations of Odisha, Chhattisgarh & Madhya Pradesh. The bank has 14 branches in Odisha, 6 branches in Chhattisgarh & 14 branches in Madhya Pradesh.
DCB Bank is a new generation private sector bank with 176 branches in 115 locations across 17 states and two union territories. It is a scheduled commercial bank regulated by the Reserve Bank of India.