Company Profile For Development Credit Bank Limited

Development Credit Bank Limited (DCBA.BO) (Bombay Stock Exchange)

sector: Financials · industry: Banks ·

As of 3:54pm IST

37.70INR

Price Change

-0.15

Percent Change

-0.40%

Analyst Recommendations

Overview

Development Credit Bank Limited (the Bank) is a private sector bank in India. The Bank operates a network of 80 branches across 10 states and two Union Territories. It operates in four segments: treasure operations, corporate banking, retail banking and other banking operations. Treasury operations include all financial markets activities undertaken on behalf of the Bank’s customers, trading, maintenance of reserve requirements and resource mobilization from other banks and financial institutions. Corporate banking includes lending, deposit taking and other services offered to corporate customers. Retail banking includes lending, deposit taking and other services offered to retail customers. Other Banking Operations include para-banking activities like third party product distribution and merchant banking.

Quick Financial Synopsis

BRIEF: For the six months ended 30 September 2009, Development Credit Bank Limited's interest income decreased 30% to RS2.36B. Net interest loss after loan loss provision totaled RS53.8M vs. an income of RS631.4M. Net loss totaled RS522.1M, vs. an income of RS64.4M. Interest income reflects a decreased in income from treasury segment and corporate segment. Net loss reflects higher provisions and a decrease in operating profit margin.