DCB BANK Full Form | What Does DCB BANK Stand For?

DCB: Development Credit Bank

DCB BANK Full Form

DCB BANK full form stands for Development Credit Bank. DCB Bank is a private sector commercial bank in India. It is one of the new generations of banks to have obtained a scheduled Commercial Bank License from the Bank Regulator, Reserve Bank of India.

Brief History

DCB Bank was licensed on May 31, 1995. It has launched a series of co-operative bank mergers with its parent cooperative banks in Mumbai and Masalawala Co-operative Bank, respectively, to form Wax Cooperative Bank, which in May 1995 was transformed into Vikas Credit Bank was done. DCB Bank offered shares to the public in 2006 through an initial public offering (IPO).

Brief Explanation

The Bank runs a professional management team under the guidance of the Board of Directors. DCB Bank’s business segments include retail, micro-SMEs, SMEs, mid-corporate, agriculture, commodities, government, public sector, Indian banks, cooperative banks, and non-banking finance companies (NBFCs). It has about 600,000 users.

The Aga Khan Fund for Economic Development (AKFED) is to promote the bank, which has about a 15 percent stake. Under the residential category, the public share is around 39.4%.

What Is The Full Form Of DCB?

DCB BANK full form stands for Development Credit Bank. DCB Bank is a private sector commercial bank in India. It is one of the new generations of banks to have obtained a scheduled Commercial Bank License from the Bank Regulator, Reserve Bank of India. The Bank runs a professional management team under the guidance of the Board of Directors.

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