Annual Report 2014-2015 of Development Credit Bank

It is a broadly described annual report of Development Credit Bank in the year of 2014-2015. During the financial year, The Bank’s Total Assets have increased by Rs. 3,209.17 Crore and reached Rs. 16,132.31 Crore as on 31^st March 2015 (Rs. 12,923.14 Crore as on 31^st March 2014). In FY 2015, the Bank has posted an Operating Profit of Rs. 277.45 Crore (FY 2014 Rs. 187.96 Crore) and a Net Profit of Rs. 191.18 Crore (FY 2014 Rs. 151.36 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 2015, the Bank has issued subscribed and paid-up capital of Rs. 2.82 billion, constituting 282,012,273 shares of Rs. 10/- each.

The Board of Directors of the bank is not able to recommend payment of any dividend for FY 2015.

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