DCB Bank is private sector scheduled commercial bank in India. It has a network of 82 branches and 139 ATMs in the country. It offers value for money products to cater the needs of individuals, small and medium businesses, rural banking and corporates in selective regions.
The Bank is present in 10 states and 2 Union Territories. Metros having DCB Bank branches are Bengaluru, Chennai, Delhi, Gurgaon, Hyderabad Kolkata, Mumbai and Pune. The Bank has dedicated rural banking branches at Dediapada, Mandvi & Netrang in the state of Gujarat.
Other DCB Bank locations are; State of Gujarat - Ahmedabad, Ankleshwar, Bhuj, Daman (Union Territory), Gandhinagar, Rajkot, Sidhpur, Silvassa (Union Territory), Surat, Vapi and Vadodara. Branches in the state of Goa - Mapusa, Margao, Panjim and Vasco and a branch in Rajasthan state - Jodhpur.
The Aga Khan Fund for Economic Development (AKFED) in the largest stakeholder in the Bank with around 23% stake. Public shareholding under the Resident Individual category is approximately 39.4%. The Bank received the Scheduled Commercial Bank licence from the Reserve Bank of India on May 31, 1995.

DCB Bank's financial products and services range from loans for Small and medium enterprises, Wealth Management, banking for Non Resident Indians, Internet Banking, Mobile Banking, Business Finance, Home Loans . It also offers banking solutions for resident Indians such as savings account, current account, fixed deposit, recurring deposit, PayLess Credit Card, international Debit cum ATM card, insurance products and financial services like Electronic Funds Transfer

Electronic funds transfer

Electronic funds transfer is the electronic exchange or transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems....

(NEFT & RTGS), online Income Tax Payment, online Bill Payment for utilities, Card to Card Money Transfer, DCB On The Go - instant mobile banking, SMS banking, Phone Banking, Visa Money Transfer, foreign exchange remittance service amongst others.

History

Founded in the 1930s, in Mumbai from a series of Co-operative bank mergers with the Ismailia Co-operative Bank Limited and the Masalawala Co-operative Bank respectively. These 2 banks later merged to form Development Co-operative Bank, that changed to Development Credit Bank after it was granted the scheduled bank license by the Reserve Bank of India in May 1995. The Bank went on to successfully offer shares to the public by an Initial Public Offering (IPO) in 2006.