Annual Report 2013-2014 of Development Credit Bank

It is a broadly described annual report of Development Credit Bank in the year of 2013-2014. During the financial year, The Bank’s Balance Sheet grew by Rs. 1,644 Crores and was just short of Rs. 13,000 Crores. Total Assets have increased by Rs. 1,644.32 Crore and reached Rs. 12,923.14 Crore as on 31^st March 2014 (Rs. 11,278.82 Crore as on 31^st March 2013). In FY 2014, the Bank has posted an Operating Profit of Rs. 187.96 Crore (previous year Rs. 126.13 Crore) and a Net Profit of Rs. 151.36 Crore (previous year Rs. 102.06 Crore). The Bank has authorized share capital of Rs. 5.00 billion comprising 500,000,000 equity shares of Rs. 10/- each. As on 31^st March 2014, the Bank has issued subscribed and paid-up capital of Rs. 2.50 billion, constituting 250,324,622 shares of Rs. 10/- each.

The Board of Directors of the bank is not able to recommend payment of any dividend for FY 2014.

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