Development Credit Bank has informed that Rajabbhai A. Momin and Amir A. Sabuwala, directors have ceased to be directors of the bank with effect from October 12, 2012 on account of their resignations for personal reasons.
Further, the company has appointed C. Narasimhan, Srinivasan Sridhar, Nalin Shah, keki Elavia and lmran Contractor as additional directors on the board of directors of the bank on October 12, 2012.
The above information is a part of company's filings submitted to BSE.