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 The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...

. 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 Aga Khan Fund for Economic Development SA is a Swiss for-profit entity and international development finance institution which invests in countries of East Africa, West Africa, Central Asia, and South Asia. It is based in Geneva, Switzerland ...

(AKFED) is the promoter of the Bank with around 15% stake. Public shareholding under the Resident Individual category is approximately 39.4%.

History

DCB Bank Limited has 400 branches across India, as on 31st March 2022, and has operations within the India geography. It is publicly listed in India on the Bombay Stock Exchange and National Stock Exchange respectively. DCB Bank offered shares to the public by an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

(IPO) in 2006. Historically, DCB Bank's origin from Maharashtra, India was the outcome of the merger between Ismailia Co-operative Bank Limited and the Masalawala Co-operative Bank to form Development Co-operative Bank. This changed to Development Credit Bank upon grant of the scheduled bank license by the

in May 1995. DCB Bank Limited is the contemporary identity, registered entity, and corporate logo.

Awards

DCB Bank was the runner-up Best Small Bank in India recognised by Businessworld Magna Awards 2018. It was also rated as the Best Small Bank in India by BusinessWorld Magna Awards 2017. The Bank was conferred the Good Corporate Citizen Award 2017–18 by the Bombay Chamber of Commerce & Industry. This was in recognition of the activities actively promoted by the Bank for sustainability and

climate change mitigation Climate change mitigation is action to limit climate change by reducing emissions of greenhouse gases or removing those gases from the atmosphere. The recent rise in global average temperature is mostly caused by emissions from fossil fuels bu ...

across India. DCB Bank has been awarded the "Excellent Services of the Year" award by ASSOCHAM, in the 8th MSMEs Excellence Awards March 2022. It has also won the Best CSR Impact Award in UBS FORUMS 2022 for its work in Banki, Cuttack, Orissa for its Livelihood Improvement Project through Integrated Watershed Management. It has achieved the prestigious Great Place to Work Certification for 2022-2023 which identifies and recognizes Great Workplace Cultures.

References

6. https://www.business-standard.com/article/companies/dcb-bank-q1-profit-at-rs-700-million-against-rs-650-million-in-q-fy18-118071400624_1.html ''Business Standard 14 July 2018''

External links

* {{Authority control Banks based in Mumbai Private sector banks in India Aga Khan Development Network 1995 establishments in Maharashtra Banks established in 1995 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange

History

Awards

See also

References

External links