DCB Bank Limited is a scheduled commercial bank. It is also known as the new generation bank. It operates a network of 336 banking branches and over 500 ATM kiosks across 3 union territories and 19 states of India. Its banking products are tailor made for MSMEs, rural banking, individuals, mid corporates across the network.
DCB Bank also has a healthy client base of NRI customers from over 100 countries globally. Its NRI banking services offer lucrative fixed deposit rates and one of the USPs of the bank. It also allows NRI customers to open DCB NRI account from any part of the world. Customers are just required log in to the DCB Bank's website and fill up an online form to complete the process. It also offer 24 hours NRI customer support all over the year.
Listing and Revenue
DCB Bank is listed on NSE.
|Operating Income||₹418.21 crore|
|Net Income||₹199.68 crore|
|Total Assets||₹24,046.37 crore|
Products and Services
Apart from NRI services, DCB Bank offers savings account, fixed deposits, credit cards, home loan, debit card, car loan, personal loan, gold loan, and more.
DCB Bank was opened with a a scheduled commercial bank licence from the Reserve Bank of India in 1995. From 160 branches in 2015, DCB bank has expanded to 336 branches.
The Bank's origin are found in Mumbai and it was incorporated after a series of mergers. The co-operative banks that merged include Masalawala Co-operative Bank and Ismailia Co-operative Bank. These banks formed Development Co-operative Bank which was later converted into DCB after RBI granted the license in May 1995.
Its IPO came in 2006. The bank's name was changed to DCB Bank Limited due to a regulatory approval in 2014.
Awards and Recognition
DCB Bank bagged the runner up award of the Best Small Bank in India by Businessworld Magna Awards in 2018. It also got Good Corporate Citizen Award 2017- 2018, by Bombay Chamber of Commerce & Industry.