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.