Category: DCB Bank

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Private sector lender DCB Bank has not seen any concern in its co-lending partnership with IIFL Finance, said Murali Natrajan, outgoing chief executive officer and managing director (CEO and MD) of the bank.
“On our co-lending deal with IIFL Finance, our relationship and portfolio quality so far, including payments, after March 4 has not shown any concern,” said Natarajan at a post-results press call on April 24.

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In a regulatory statement after the RBI action…
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Source: https://www.moneycontrol.com/news/business/no-worries-over-co-lending-ties-with-iifl-finance-after-rbi-action-dcb-banks-outgoing-md-12707426.html/amp

17:42 (IST) 24 Apr 2024 Amitabh Chaudhry, MD & CEO, Axis Bank “In FY24, Axis Bank charted a course of steady progress. While we relentlessly focused on our key priority areas – Bharat Banking, Digital and Sparsh (our customer obsession program), I believe we were also nimble in picking up some enticing new opportunities that came our way. Our Citi integration is on track, and we are inching towards the final milestone LD2 in the next six months. In keeping with our credo “Dil Se Open” and with DE&I as one of our core pillars, we have made progress in cultivating a diverse and inclusive workforce in a nurturing ecosystem.”
17:42 (IST) 24 Apr 2024 Axis Bank…
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Source: https://www.financialexpress.com/business/industry-q4-results-2024-live-updates-hul-axis-bank-ltimindtree-indian-hotels-company-dcb-bank-more-to-announce-earnings-today-3466662/lite/

Key Q4 Results Live Updates: With the likes of Wipro, Infosys, TCS, HDFC Bank, Jio Financial, Reliance Industries, Tata Consumer Products, already having released their earnings for the quarter ended March 31, 2024, the Q4 earnings season is now picking up pace. Investors are today keen on the performance of players like Hindustan Unilever, Axis Bank, LTIMindtree, Indian Hotels Company, DCB Bank, among others. Meanwhile, the street is also keeping a watch on how stocks are performing for the companies that have already released their earnings for the period.

The week will witness announcements from the likes of Nestle India, Tech Mahindra, HCL Technologies, Maruti Suzuki India,…
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Source: https://www.financialexpress.com/business/industry-q4-results-2024-live-updates-hul-axis-bank-ltimindtree-indian-hotels-company-dcb-bank-more-to-announce-earnings-today-3466662/

The bank neglected to benchmark the interest rates of certain floating-rate retail loans and loans to MSMEs to an external benchmark lending rateThe Reserve Bank of India ( RBI ) has levied a monetary penalty of ₹63,60,000/- on DCB Bank Ltd. for its failure to comply with certain directives regarding ‘Interest Rate on Advances’.The RBI found that DCB Bank had failed to reset interest rates at the prescribed intervals in certain MCLR ( Marginal Cost of Funds based Lending Rate ) linked floating rate advances.Additionally, the bank neglected to benchmark the interest rates of certain floating-rate retail loans and loans to Micro, Small, and Medium Enterprises ( MSMEs ) to an…
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Source: https://www.taxscan.in/rbi-fines-dcb-bank-ltd-%E2%82%B963-6-lakh-for-interest-rate-non-compliance/385190/

 

DCB Bank, a new-generation private sector bank, announced that it had successfully implemented and integrated with the Goods and Service Tax payment portal (GSTN). This complements the Direct Tax payments facility offered from DCB Bank that include Income tax, Advance Tax, and Tax Deduction at Source (TDS) payment, etc. The Direct Tax payment facility was launched last year upon the Bank’s empanelment as an Agency Bank for conducting Government business.
Goods and Services Tax Network (GSTN) portal provides simplified and automated procedures for various processes such as registration, returns, refunds, GST payments,…
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Source: https://smestreet.in/infocus/dcb-bank-integrates-with-gst-payment-portal-4413253

ANI |
Updated: Apr 03, 2024 10:12 IST

SRV MediaNew Delhi [India], April 3: Vrikshit Foundation, in collaboration with DCB Bank, is tackling climate change head-on with a massive tree plantation drive spanning 25 cities across India. This initiative brings together DCB Bank employees and Vrikshit Foundation volunteers for a large-scale effort to increase green coverage and promote environmental sustainability.The program boasts a geographically diverse range, with plantations already completed in Gurugram, Ghaziabad, Delhi, Bikaner, Kanpur, Jaipur, Amritsar, Kolkata,…
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Source: https://www.aninews.in/news/business/corporate/vrikshit-foundation-and-dcb-bank-conclude-nationwide-plantation-drive-to-combat-climate-change20240403101257/

Ekam Eco Solutions Pvt Ltd, a research spin-off of IIT Delhi’s works on sanitation, along with DCB Bank, launched a composting facility at Goa University on Tuesday. Located on the university grounds, this facility has a capacity of processing 657 kgs of wet waste a day.Sponsored by DCB Bank as part of its corporate social responsibility (CSR) initiatives, the facility is designed and developed by Ekam Eco Solutions Pvt Ltd. Alterenergyz has taken charge of commissioning and managing the facility. Quoting Harilal B Menon, Vice-Chancellor of Goa University, a media statement said the composting site at Goa University signifies a milestone in the journey towards a more sustainable…
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Source: https://www.thehindubusinessline.com/economy/agri-business/dcb-ekam-eco-solutions-join-hands-to-set-up-composting-facility-at-goa-university/article67997795.ece/amp/