Annual Report 2011-2012 of Development Credit Bank

It is a broadly described annual report of Development Credit Bank in the year of 2011-2012. During the financial year, The Bank’s Total Assets have increased by Rs. 1,263.98 Crore and reached Rs. 8,676.85 Crore as on 31^st March 2012. (Rs. 7,412.87 Crore as on 31^st March 2011). In FY 2012, the Bank has posted an Operating Profit of Rs. 83.82 Crore (Previous year: Rs. 86.06 Crore) and a Net Profit of Rs. 55.08 Crore (Previous year: Rs. 21.43 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 2012, the Bank has issued subscribed and paid-up capital of Rs. 240.67 Crore, constituting 240,665,457 shares of Rs. 10/- each.

The Board of Directors of the bank is not able to recommend payment of any dividend for FY 2012.

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