With reference to recent news articles related to Karvy Stock Broking, DCB Bank has informed that as of now it has non-funded exposure of Rs 30 crores in the form of bank guarantees issued on their behalf. The bank guarantees are secured by 50% cash margin in the form of term deposits. The above is in compliance with the disclosure requirements of Regulation 30 and other applicable regulations, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.