Credit rating agency – CRISIL has reaffirmed DCB Bank’s Basel III Complaint Tier II Bonds Programme of Rs 150 crore at ‘AA-’/Stable. The rating agency also reaffirmed bank’s Short-Term Fixed Deposit Programme, Certificates of Deposit Programme and Short Term Bank Facilities at ‘A1+’.
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.