DCB Bank News

Account holders will need to maintain an average quarterly balance of Rs 25,000 in their DCB Happy Savings Account.

 Fixed deposits are the most popular option for investors with a zero risk tolerance profile who want to invest to build wealth without relying on market returns.

Most small finance banks offer higher interest rates. Bank customers can easily switch to small finance banks to earn a better interest rate on their savings.

Yes Bank pays up to 6.50% interest on tax-saving deposits for five years. DCB Bank is giving an interest rate of 5.95% on tax-saving deposits for same tenure. RBL Bank offers an interest rate of 5.75% to 6.30% for fixed term deposits of five years.

Shares of DCB Bank Monday rose by over 3 percent after the company posted a 31.30 percent increase in net profit for the quarter ended on September 30, 2016.

While MCLR has been reduced by up to 0.5 percent, the base rate has been cut by 0.06 percent.

 Shares of DCB Bank today surged nearly 9 percent after the company reported a 10.5 percent rise in net profit for the fourth quarter ended March 31.

In a first for any domestic bank, small-sized lender DCB Bank has started an Aadhaar-based ATM usage facility wherein a customer can transact using his biometric details instead of the PIN.

Shares of DCB Bank on Wednesday surged nearly 10 percent after the company reported a 61 percent rise in March quarter net profit.

The bank closed the quarter with a loan book of Rs 9,491 crore taking its balance sheet to Rs 14,807 crore, up from Rs 11,989 crore a year ago, recording a growth of 24 percent.