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DCB Bank acquires 5.81% stake in Annapurna Microfinance

02 Mar 2016 Evaluate

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.


Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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