DCB meaning in Banking ?

Answer: What is Development Credit Bank mean?

DCB Bank Limited is a private sector scheduled commercial bank in India. It is amongst the new generation banks that received the scheduled commercial bank license from the bank regulator, Reserve Bank of India. DCB Bank received the licence on 31 May 1995.

A professional management team guided by the Board of Directors runs the Bank. DCB Bank’s business segments include Retail, micro-SME, SME, mid-Corporate, Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-operative Banks and Non Banking Finance Companies (NBFC). It has approximately 1,000,000 customers.

The Aga Khan Fund for Economic Development (AKFED) is the promoter of the Bank with around 15% stake. Public shareholding under the Resident Individual category is approximately 39.4%.

reference

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