It is a broadly described annual report of Development Credit Bank in the year of 2007-2008. During the financial year, The Bank’s total assets grew by 44% to Rs. 7,577 Crores in FY 2007-08, from Rs. 5,262 Crores in FY 2006-07. The Bank’s Operating Profit of Rs. 109.61 Crores (Previous year: Rs. 40.97 Crores) and Net Profit of Rs. 38.33 Crores (Previous year: Rs. 7.37 Crores). During the year, the Bank issued 2,66,66,667 equity shares of Rs. 10/- each, at a price of Rs. 105/- each, through the preferential issue. Consequently, the paid up capital of the Bank increased by Rs. 26.67 Crores to Rs. 174.30 Crores and the Share Premium account increased by Rs. 253.33 Crores.
The Board of Directors of the bank has do not recommend payment of any dividend for FY 2007-08.
More Annual Report of Development Credit Bank:
- Annual Report 2005-2006 of Development Credit Bank
- Annual Report 2006-2007 of Development Credit Bank
- Annual Report 2007-2008 of Development Credit Bank
- Annual Report 2008-2009 of Development Credit Bank
- Annual Report 2009-2010 of Development Credit Bank
- Annual Report 2010-2011 of Development Credit Bank
- Annual Report 2011-2012 of Development Credit Bank
- Annual Report 2012-2013 of Development Credit Bank
- Annual Report 2013-2014 of Development Credit Bank
- Annual Report 2014-2015 of Development Credit Bank
- Annual Report 2015-2016 of Development Credit Bank
- Annual Report 2016-2017 of Development Credit Bank
