DCB Bank has raised Rs 150 crore on private placement basis. The Capital Raising Committee (CRC) of Board of Directors of the Bank, by a resolution passed in the meeting held on January 15, 2018 has issued and allotted 15,000 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 1,00,000 each (Bonds) at par aggregating to Rs 150 crore in dematerialized form to the identified investor(s) on Private Placement basis with interest at 9.85% per annum for a period of ten years from January 12, 2018 (the Deemed Date of Allotment).
DCB Bank is a scheduled commercial bank. The Bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.
