DCB Bank inaugurates branch in Navnagapur, Ahmednagar
BANKING / FINANCE
DCB Bank inaugurates branch in Navnagapur, Ahmednagar, Maharashtra
by Shrutee K / DNS
July 21, 2015, Ahmednagar: Agriculture
& Inclusive Banking focused bank, DCB Bank Ltd. (Formerly Development Credit Bank
Ltd.),today strengthened its commitment to the residents of Maharashtra with the opening of its latest branch at Dongre Complex, Navnagapur in Ahmednagar.
The
branch, provides an array of agri-business, micro business and small and medium
business banking products for customers, was inaugurated by Mr. R. Venkattesh –
Head Operations, IT & HR, DCB Bank, in the presence of Mr. Narendranath
Mishra - Head Agri & Inclusive Banking, DCB Bank.
In
the Pic: Foreground from left Mr. Ashok Sonawane - President
Ahmednagar Association of Manufacturing Industry; in the centre Mr. R.
Venkattesh - Head IT, Operations & Human Resurces, DCB Bank; on the right,
Mr. Narendranath Mishra, Head Agri & Inclusive Banking, DCB Bank.
DCB
Bank offers a wide range of agri business products such as, tractor loan, dairy
loan, crop loan, land development loan, loan for agri and agri processing
activities as well as high tech farming, greenhouses, working capital loan for
agribusiness, warehouse construction loan, finance against warehouse receipts,
gold loan, loan to SME/MSME, foreign exchange, cash management services for the
entrepreneur and business customer, loan for housing to all categories of
customers including the self employed people. DCB Bank also offers amongst the
best FD (fixed deposit) interest rates from one year to five year time period.
Senior
Citizen Fixed Deposit and Tax Saving Fixed Deposit from DCB Bank also provide
amongst the best interest and yield to customers.
Customers
who apply to open the DCB Elite Account can make their own bank account number.
Mr. R. Venkattesh – Head Operations,
IT & HR, DCB Bank, said, “Maharashtra is a very important market for us and we
believe that branch expansion is significant as we bring customer service
focus, we offer better features and benefits for customers. Customers from Navnagapur and surrounding areas should
look forward to receive customized services
and personalized attention to their banking needs – this is our differentiator
and strength.DCB Bank aims to grow its customer base with a wide range of
banking products and services along with easy to use Mobile Banking, Internet
Banking.”
Mr.
Narendranath Mishra, Head – Agri and Inclusive Banking, DCB Bank, said, “With our new branch at Navnagapur, we
aim to reach out to a large cross-section of customers and provide a wide range
of personalized products and customer friendly banking services across retail
and agri-business space. It will be a one-stop shop for the banking needs
(Loans, Deposits, Insurance, and Remittance) of the customer.”
DCB Bank’s financial inclusion initiative focuses on
micro-deposits and savings accounts for low-income groups who have no access to
banking system previously. The Bank will reach out
to new customers with customer friendly products such as
Kisan Mitra, Value Saving Account
and small value Recurring Deposit.
About DCB Bank
DCB
Bank is a modern emerging new generation private sector bank with 157 branches in
106 locations across 17 states and 2 union territories. It is a scheduled
commercial bank regulated by the Reserve Bank of India . It is professionally managed
and governed.
DCB
Bank has contemporary technology and infrastructure including state of the art
internet banking for personal as well as business banking customers. The Bank’s
business segments are Retail, micro-SMEs, SMEs, mid-Corporate, Microfinance
Institutions (MFI), Agriculture, Commodities, Government, Public Sector, Indian
Banks, Co-operative Banks and Non Banking Finance Companies (NBFC). DCB Bank
has approximately 450,000 customers.
The
Bank has deep roots in India
since its inception in 1930s. Its promoter and promoter group the Aga Khan Fund
for Economic Development (AKFED) & Platinum Jubilee Investments Ltd. holds around16.4%
stake. AKFED is an international development enterprise. It is dedicated to
promoting entrepreneurship and building economically sound companies. AKFED
operates as a network of affiliates with more than 90 separate project
companies over 30,000 people. The fund is active in 16 countries in the
developing world. AKFED had co-promoted HDFC in India in the late 70s.
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