Annual Report 2012-2013 of Development Credit Bank

It is a broadly described annual report of Development Credit Bank in the year of 2012-2013. During the financial year, The Bank’s Balance Sheet size crossed the Rs. 10,000 Crore mark to close at Rs. 11,279 Crore. Total Assets have increased by Rs. 2,601.97 Crore and reached Rs. 11,278.82 Crore as on 31^st March 2013 (Rs. 8,676.85 Crore as on 31^st March 2012). In FY 2013, the Bank has posted an Operating Profit of Rs. 126.13 Crore (previous year Rs. 83.82 Crore) and a Net Profit of Rs. 102.06 Crore (previous year Rs. 55.08 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 2013, the Bank has issued subscribed and paid-up capital of Rs. 250.11 Crore, constituting 250,111,597 shares of Rs. 10/- each.

The Board of Directors of the bank is not able to recommend payment of any dividend for FY 2013.

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