DCB Bank Ltd - DCB BANK Share Price

Summary

DCB Bank Limited, formerly Development Credit Bank, is one of the new generation private sector banks in India. Keeping in view its inherent strengths, branch network and expertise, the banks target market is mainly small business owners / self-employed / small business segment (traders, shopkeepers, business owners, MSMEs and SMEs). The bank chose to have limited presence in salaried segment.The bank also distributes Life Insurance, Health Insurance, General Insurance and Mutual Fund products to new and existing customers. As on 31 December 2020, Banks total distribution network stood at 347 branches and over 500 ATMs across 18 states and 2 union territories. Development Credit Bank was started as a Credit Society in the 1930s. Eventually, Diamond Jubilee Co-operative Bank Ltd merged with Ismailia Co-operative Bank Ltd. In the year 1981, Ismailia Co-operative Bank Ltd was amalgamated with Masalawalla Co-operative Bank Ltd to form the Development Co-operative Bank Ltd. Later, Citi Cooperative Bank Ltd merged with Development Co-operative Bank Ltd. In the year 1995, Development Co-operative Bank Ltd was converted into Development Credit Bank Ltd.During the year 1995-96, the Bank opened new branches at Vapi, Sidhpur, Ahmedabad and Bangalore. During the year next year, they opened the new branches at Mira Road and Rajkot. A total of 11 news new branches were opened during the two financial years of 1999-2001.During the year 2001-03, the Bank opened a new branch at Jharsa in... Read More