Small-sized private sector lender DCB Bank is targeting to raise up to Rs 400 crore in the second half of the next financial year to augment its capital, a top official has said.
"We have started the first ATM in the country which operates using the Aadhaar data. One can do a transaction without the card as well," the bank's Managing Director and Chief Executive Murali Natrajan told PTI.
Natrajan said DCB Bank saw a diversified portfolio growth in FY15, with retail, agriculture and inclusive banking reporting a healthy performance.
The Rs 250-crore QIP last month got the promoter shareholding down by two percentage points to 16.4 per cent, a top official said.
Private sector lender Development Credit Bank (DCB) on Wednesday raised around Rs. 94 crore of tier-I capital through a qualified institutions placement (QIP). As of December 31, 2011, DCB Bank’s capital adequacy ratio was 13.00% (of which Tier I capital was 11.15%).
DCB has announced its first quarter results. The company's Q1 net profit was at Rs 8.8 crore versus loss of Rs 2.9 crore.