DCB Bank, a leading private sector bank, has unveiled a new mobile application on NPCI's Unified Payment Interface (UPI) for customers to send and receive funds using their Android smart-phones. With the new mobile app, the bank aims at improving banking experience for customers. A DCB UPI user only needs the beneficiary's name and registered mobile number to get or send funds. UPI provides a secure, hassle-free user friendly instant payment and collection digital facility.
DCB Bank (formerly known as Development Credit Bank) is a scheduled commercial bank regulated by the Reserve Bank of India. The Bank’s business segments are retail, small and medium-sized enterprises (SMEs), mid-corporate, agriculture, commodities, government, public sector, Indian banks, co-operative banks and NBFC. The bank has reported 0.34% rise in its net profit at Rs 47.03 crore for the quarter ended June 30, 2016 as compared to Rs 46.87 crore for the same quarter in the previous year.
