DCB Bank has issued and allotted 866 Non-Convertible, Redeemable, Unsecured, Basel III Compliant Tier 2 Bonds, for Inclusion in Tier 2 Capital of the bank in the nature of debentures of the face value of Rs 10,00,000 each at par aggregating to Rs 86.60 crore in dematerialized form to the identified investor(s) on private placement basis with interest of 10.25% per annum for a period of 121 months from March 31, 2016 (the deemed date of allotment).
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.
