DCB Bank has raised Rs 400 crore through the allotment of 9.20% non-convertible, listed, rated, unsecured, subordinated, taxable, fully paid-up, redeemable, cumulative, Basel III compliant Tier 2 bonds in the nature of debentures (Series I) for inclusion in Tier 2 Capital of the Bank, of the face value of Rs.100,000 each (Bonds) on a private placement basis. The Board of Directors of the Bank has issued and allotted the same on November 18, 2024.
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.
