Dcb Eyes Rs 200 Crore Capital Infusion
Development Credit Bank (DCB) is eyeing a capital infusion of around Rs 200 crore to support asset growth, clean-up balance sheet and strengthen branch/ information technology infrastructure.
It expects to tie-up the required funds - Rs 125 crore (Tier-I capital) plus Rs 75 crore (Tier-II capital) - before the end of this fiscal.
Merchant bankers are making presentations to the bank management on the ways in which Tier-I could be raised - whether through private placement or by roping in a strategic partner. The initial public offer route, however, has been ruled out for the present.
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Currently, retail assets account for only 10 per cent of the total loan book and the bank is seeking to grow this segment substantially in view of the low delinquencies.