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.

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.