The Development Credit Bank was established in the year 1930. The main promoter of the bank is the Aga Khan Fund for Economic Development (AKFED) which holds over 26% stake in the bank.
AKFED is an international development agency dedicated to promoting entrepreneurship and building economically sound enterprises in the developing world. It had co-promoted HDFC in India in the late seventies. AKFED operates as a network of affiliates comprising 90 separate project companies. Employing over 30,000 people, it reported annual revenues in excess of US$1.5 billion. The Fund is active in 16 countries in the developing world.
A new generation private sector bank, DCB has 80 state-of-the-art branches across 10 states and two union territories. The bank also provides access to more than 18000 ATMs across the country. Currently, the bank has around 1800 employees and a balance sheet size of approximately Rs. 6400 crores. The recently launched Initial Public Offering enjoyed a phenomenal success, being oversubscribed 35 times.
Mr. Murali M. Natrajan is the current Managing Director and CEO.
DCB offers DCB Home Loan, DCB Auto Loan and DCB Home Equity Loan among many others. Recently the bank has launched DCB Advantage Credit Card.