Money & Banking

DCB Bank plans doubling business in three years

Rutam Vora Ahmedabad | Updated on December 16, 2014 Published on December 16, 2014

To increase lending to self-employed persons in tier-2 to tier-6 towns



The private sector lender, DCB Bank is planning to double its business in the next three years by focusing on retail advances. The bank aims to increase its lending to the self-employed persons at tier-2 to tier-6 towns (having population less than 5000).

"Retail is our main focus area. Our balancesheet size is Rs 13,000 crore at present and we are aiming to double the same in the next 3-3.5 years. We will open about 250 branches in the next three years and 50 per cent of that will come in tier-2 to 6 towns," said Murali M. Natrajan, Managing Director and Chief Executive Officer, DCB Bank in a media interaction here.

In its balancesheet, the bank has about Rs 9,000 crore worth of advances and 40 per cent of that is mortgage loans. The company makes advances mostly to the self-employed persons in smaller towns. These include small traders, grocers, fast-food joints among others.

In the bank's total loan portfolio, Gujarat has 10-11 per cent share with Rs 900 crore worth of loans.

Natrajan maintained that recently, the bank had raised Rs 250 crore, thereby strengthening its capital adequacy. However, the bank may raise further funds after three years when need arises.

Published on December 16, 2014
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