DCB Bank is planning to raise funds up to Rs 500 crore by issuing bonds and related instruments on a private placement basis. The bank will seek approval from shareholders in its ensuing annual general meeting in June for raising of funds in Indian/foreign currency by issue of debt securities, long terms infrastructure bonds or such other bonds in the domestic/overseas market, on a private placement basis. The bank has been borrowing funds to meet the business requirements.
DCB Bank is one of the emerging private sector banks in India. The Bank is amongst the first private sector banks to waive advisory fee and service charge for Mutual Fund investment.
