Development Credit Bank is one of the emerging private sector banks in India. Their network spread over 10 states and 2 union territories namely of Maharashtra, Gujarat, Andhra Pradesh, Karnataka, New Delhi, Rajasthan, Goa, Tamil Nadu, Haryana, West Bengal, Daman and Diu, and Dadra and Nagar Haveli. The Bank operates in four business segments, namely treasury operations, corporate, retail and other banking operations. Development Credit Bank was started as a Credit Society in the 1930s. Eventually, Diamond Jubilee Co-operative Bank Ltd merged with Ismailia Co-operative Bank Ltd. In the year 1981, Ismailia Co-operative Bank Ltd was amalgamated with Masalawalla Co-operative Bank Ltd to form the Development Co-operative Bank Ltd. Later, Citi Cooperative Bank Ltd merged with Development Co-operative Bank Ltd. In the year 1995, Development Co-operative Bank Ltd was converted into Development Credit Bank Ltd. During the year 1995-96, the Bank opened new branches at Vapi, Sidhpur, Ahmedabad and Bangalore. During the year next year, they opened the new branches at Mira Road and Rajkot. A total of 11 news new branches were opened during the two financial years of 1999-2001. During the year 2001-03, the Bank opened a new branch at Jharsa in Haryana. During the year 2002-03, the Bank launched mobile banking offering both push and pull options. During the year 2004-05, they launched visa funds transfer and celfill offering mobile recharge through ATMs to even non-customers. Also, they launched 3 new brahces during the year. During the year 2005-06, the Bank raised capital through private placement amounting to Rs. 51.99 crores. They launched some new products, namely Free Style Savings Account, Value Savings and M-Power Current Accounts during the year. During the year 2006-07, the Bank launched products like DCB Privilege Banking, DCB Trio Account, which is the combination of a zero-balance savings account, term deposit and personal accident insurance, DCB Corporate Payroll, etc. During the year 2007-08, the Bank opened 8 new branches and 10 ATMs. They opened DCB Sahyog at Dediapada in Gujarat exclusively for microfinance, which provide direct credit facilities to microfinance borrowers through relationships with MFIs in the region. They launched a 24x7 Customer Care Centre. The Bank formed a strategic alliance with HDFC Ltd for marketing their Home Loan products. The Bank had been empanelled as a clearing and settlement banker with the National Commodities & Derivatives Exchange (NCDEX) in addition to the Multi Commodity Exchange (MCX). The Operations and Technology division moved to new premises at Vikhroli in Mumbai. In March 4, 2008, the Bank launched their credit card business called 'DCB Advantage Card'. The Bank made a tie up with ICICI Bank in order to extract the best skills and to utilize their experience for a successful execution of the task. As at March 31, 2008, the Bank had 76 branches and 4 extension counters. The Bank has 112 ATMs across the country and the customers can access to a network of 18,000 ATMs in India. In August 2008, the Bank inaugurated new branch in Dharavi in Mumbai.