DCB inaugurates its state-of-the-art branch in Chennai
Expands its national footprint

Chennai, October 4, 2007: Development Credit Bank (DCB), one of the fastest growing private sector banks in India, today inaugurated its state-of-the-art branch at Parry’s Corner in Chennai. Mr. Gautam Vir, Managing Director & CEO, along with Mr. Praveen Kutty, Head – Consumer Banking Group, inaugurated the Bank’s branch, offering its customers an array of customer friendly facilities in a contemporary environment.

This is the Bank’s second branch in Chennai and is situated in Broadway, an area populated largely by the trading community of Chennai. The Bank offers a variety of products and services catering to the traders in this area. In addition to offering a wide range of Current Account products including cash / cheque pick up facilities, DCB will offer other Business Banking facilities such as Trade Finance, Working Capital finance etc. and retail asset products such as Personal Loans, Commercial Vehicles Loans, Home Equity and Easy Business loans. 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 DCB emerge as a strong entity in the banking 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. Through this branch in Chennai, we will address the banking needs of the traders in this wholesale hub of Chennai.”

This is DCB’s 16th branch in the south and the opening of this branch is part of DCB’ s larger and more aggressive retail growth strategy to maximize the Bank’s potential by catering to large business communities in the region.

Mr. Praveen Kutty said, “We are a customer-oriented bank and setting up of new branches will certainly prove advantageous to our customers who can avail from the vast range of products and services offered by DCB. Parry’s Corner is a major trading hub, from where goods are supplied to the rest of the state. Having a branch in this area is very significant for DCB”

DCB, in Chennai, has been designed in a customer friendly manner. It is divided into various Service Zones and a comfortable ambience. A personalized touch backed by state-of-the-art technology with need based products and services are the essence of the Bank.

DCB had recently received an RBI clearance to open eight new branches across the country; giving it a chance to aggressively expand into new regions, and also give its additional markets an added thrust. The Bank inaugurated three new branches in Delhi/NCR earlier this month, a fourth branch in Bangalore and a new branch in Vasai. DCB now boasts of 78 successfully running branches 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.