Development Credit Bank has received an approval for issue of Subordinated Tier II Bonds up to an amount of Rs 200 crore to be raised during the financial year 2013-14 in one or more tranches, subject to securing appropriate regulatory and other approvals. The board at its meeting held on April 12, 2013 has approved for the same.
Development Credit Bank (DCB) incorporated in 1918; is one of the emerging private sector banks in India. The company has network of 80 branches and access to more than 18000 ATMs spread across Maharashtra, Gujarat, Andhra Pradesh, Karnataka, New Delhi, Goa, Tamil Nadu, Haryana, West Bengal, Rajasthan, Union Territories of Daman and Diu and Dadra and Nagar Haveli.
