Annual Report 2006-2007 of Development Credit Bank

It is a broadly described annual report of Development Credit Bank in the year of 2006-2007. During the financial year, The Bank’s total assets have grown by 41%, from Rs. 3,742 Crores in FY 2006 to Rs. 5,262 Crores in FY 2007. The Bank’s Operating Profit of Rs. 40.25 Crores (Previous Year: Operating Loss Rs. 19.66 Crores) and a Net Profit of Rs. 7.37 Crores (Previous Year: Net Loss Rs. 85.26 Crores). The Authorised Share Capital of the Bank was increased from Rs. 150,00,00,000 Crores to Rs. 300,00,00,000 Crores. The paid-up capital of the Bank increased by Rs. 71.50 Crores to Rs. 147.63 Crores and the Share Premium increased by Rs. 114.40 Crores to Rs. 301.68 Crores.

The Board of Directors of the bank has do not recommend payment of any dividend for the year ended 2007.

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