Annual Report 2008-2009 of Development Credit Bank

It is a broadly described annual report of Development Credit Bank in the year of 2008-2009. During the financial year, The Bank’s Total Assets reduced by 22% during the year to Rs. 5,943 Crores as on 31^st March 2009, from Rs. 7,582 Crores as on 31^st March 2008. DCB has posted an Operating Profit of Rs. 75.33 Crores (Previous year: Rs. 109.61 Crores) and Net Loss of Rs. 88.10 Crores (Previous year: Profit of Rs. 38.33 Crores). The Bank has authorized share capital of Rs. 300.00 Crores comprising 30,00,00,000 equity share of Rs. 10/- each. As on 31^st March 2009, the Bank has issued, subscribed and paid-up capital of Rs. 174.30 Crores, constituting 17,42,98,854 shares of Rs. 10/- each.

The Board of Directors of the bank has do not recommend payment of any dividend for FY 2008-09.

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