DCB
DCB Bank Limited formerly Development Credit Bank is one of the emerging private sector banks in India. It was started as Credit Society in 1930. Now DCB Bank Limited is a scheduled commercial bank. 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. DCB Bank's total branch 333 network and 504 ATM network as on March 31 2019. Customers can access to a network of 18000 ATMs in India.
DCB Bank works in four segments include Retail Banking,Corporate/Wholesale Banking, and Treasury Operations, Other Banking Operations. The Retail Banking segment includes lending, deposit taking and other services offered to retail customers. The Corporate/Wholesale Banking segment includes lending, deposit taking and other services offered to corporate customers. The Treasury Operations segment includes all financial markets activities undertaken on behalf of the Bank's customers, trading, maintenance of reserve requirements and resource mobilization from other banks and financial institutions.The Other Banking Operations segment includes para banking activities like third party product distribution, merchant banking.DCB Bank also provide 24x7 Customer Care service. The Bank formed a strategic alliance with HDFC Ltd for marketing their home loan products. The Bank had been empanelled as a clearing and settlement banker with the NCDEX and MCX.
Diamond Jubilee Co-operative Bank Ltd merged with Ismailia Co-operative Bank Ltd. Then Ismailia Co-operative Bank Ltd was amalgamated with Masalawalla Co-operative Bank Ltd in 1981 to form the Development Co-operative Bank Ltd. Later Citi Cooperative Bank Ltd merged with Development Co-operative Bank Ltd. Finally Development Co-operative Bank Ltd was converted into Development Credit Bank Ltd 1995.
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