October 23, 2007: Development
Credit Bank (DCB), one of the fastest growing
private sector banks in India, today inaugurated
its state-of-the-art branch at Surat. Mr. Gautam
Vir, Managing Director & CEO, and Mr. Praveen
Kutty, Head, Consumer Banking Group(CBG), inaugurated
the Bank’s branch, offering its customers
an array of customer friendly facilities in
a contemporary environment.
This is the Bank’s relocated branch,
situated at a more spacious premise diagonally
opposite to the old branch, thereby ensuring
that the customers are given maximum comfort
and convenience. Surat is a rich city and an
industrial centre, famous for the textile and
diamond businesses. DCB in Surat will offer
a variety of Business Banking services and market
competitive products, aimed at the local traders
and individuals. The branch has been designed
to provide all the amenities of a model DCB
branch, in line with the Bank’s vision
of becoming the gold standard in customer service,
where the customers are invited to “feel
the difference.”
Commenting on the occasion, Mr. Gautam Vir
said, “The last year has seen the emergence
of DCB as a dynamic bank in the industry. We
intend to drive growth vigorously and achieve
a critical mass, which will allow us to play
a significant role in our chosen business strategy.
While DCB has already established a prominent
presence in Gujarat, we are now striving to
strengthen these relationships and offer more
and more innovative banking products to our
customers. ”
For the local trading community, DCB in Surat
will introduce current account products offering
a number of facilities like At Par Cheques,
Cash / Cheque Pick up, Free Payorder / Drafts
etc. The Trade Finance desk will take care of
their Export / Import related needs while Working
Capital Loans will be an additional attraction.
For individuals, Personal Loans and well designed
Savings / Fixed Deposits products will a part
of the bouquet. Insurance businesses, mainly
General Insurance products for the vast Textile
business community, will be a thrust area whereas
Mutual Fund distribution will also be actively
pursued.
Mr. Praveen Kutty said, “We are a customer-oriented
bank and setting up of conveniently located
branches will certainly prove advantageous to
our customers who can avail from the vast range
of products and services offered by DCB.”
DCB, in Surat, has been designed with a retail
approach, and backed by state-of-the-art technology
with demarcated zones like Welcome Desk, Sales
Areas, and Customer Service, Tellers etc
to provide ease and convenience to customers.
DCB has been on an aggressive growth mode and
plans to open 115 branches by 2008. DCB currently
boasts of 79 successfully running branches and
extension counters strategically spread across
the country.
The Bank’s centralised database enables
customers to operate their accounts from anywhere
in the country. The Bank’s website www.dcbl.com
offers comprehensive details about its various
schemes.
Development Credit Bank Limited (DCB) is a Scheduled
Private Sector Bank in India with a network of
79 branches and extension counters spread over
ten States and two Union Territories. DCB provides
its customers access to over 18,000* ATMs. The
Bank currently services a customer base of over
500,000. As of June 30, 2007, the Net Profit for
the quarter was up at Rs.5.74 crores as against
the Net Profit of Rs.4.34 crores for Q1 FY07 and
Rs.7.37 crores for FY 07.
With new contemporary look and management expertise
in place, the Bank is well poised to play an integral
role in the private sector banking industry.
