53.25 1.80(3.50%) Dec 20, 4:59AM EST
|Development Credit Bank Ltd.|
India - Map
Phone: 91 22 6618 7000
Fax: 91 22 6658 9970
Development Credit Bank Limited provides commercial banking services to customers in India. The company operates through Treasury Operations, Corporate Banking, Retail Banking, and Other Banking Operations segments. It offers current and savings accounts, fixed deposits, term deposits, and recurring deposits. The companys loan products portfolio comprises business loans, loans against gold, auto loans, construction equipment loans, home loans, commercial vehicle loans, working capital loans, short term finance, bill discounting, export credit, term finance, letter of credit, bank guarantees, and collection of documents. It also offers investment services, including mutual funds, life insurance, general insurance, wealth management, and demat accounts; Internet banking services; forex services; inward and instant cash remittance services; online money transfer services; and real time gross settlement services, cash management services, and bankers to right/public issues. In addition, the company offers treasury products comprising rupee options, currency swaps, interest rate swaps, commercial papers, certificates of deposit, spot and forwards, and foreign currency deposits; and debit and credit cards, locker services, and mobile phone banking services. It serves customers in various segments, including retail, micro-SMEs, SMEs, mid-corporate, microfinance institutions, agriculture, commodities, government, public sector, Indian banks, co-operative banks, and non banking finance companies. As of May 30, 2013, the company operated through 100 branches in 15 states and 2 union territories. Development Credit Bank Limited was founded in 1930 and is based in Mumbai, India.