Annual Report 2010-2011 of Development Credit Bank

It is a broadly described annual report of Development Credit Bank in the year of 2010-2011. During the financial year, The Bank’s Balance Sheet has expanded to Rs. 7,372 Crore as on 31^st March 2011 from Rs. 6,137 Crore as on 31^st March 2010. Total Assets have increased by Rs. 1,235.67 Crore and reached Rs. 7,372.34 Crore as on 31^st March 2011. In FY 2011, DCB has posted an Operating Profit of Rs. 86.06 Crore (Previous year: Rs. 48.27 Crore) and a Net Profit of Rs. 21.43 Crore (Previous year: Net Loss of Rs. 78.45 Crore). The Bank has authorized share capital of Rs. 500 Crore comprising 500,000,000 equity shares of Rs. 10/- each. As on 31^st March 2011, the Bank has issued subscribed and paid-up capital of Rs. 200.17 Crore, constituting 200,171,209 shares of Rs. 10/- each.

The Board of Directors of the bank is not able to recommend payment of any dividend for FY 2011.

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