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30-Jan2017

DCB Bank aims to raise Rs 400 crore in H2 FY18

In order to augment its capital, DCB Bank is aiming to raise around Rs 400 crore in the second half (H2) of the next financial year (FY18). The Bank is comfortably placed for its capital buffers to take care of growth at present, but will have to evaluate it later.

The Bank's promoters Aga Khan Fund for Economic Development and Platinum Jubilee Investments will get its holding in the bank down to 15 per cent from the present 16.21 per cent during the next financial year.

DCB Bank is a scheduled commercial bank. The Bank's segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. It has approximately 200 branches and approximately 410 automated teller machine (ATM) centers.


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