Annual Report 2015-2016 of Development Credit Bank

It is a broadly described annual report of Development Credit Bank in the year of 2015-2016. During the financial year, The Bank’s Balance Sheet grew by 19% to Rs. 19,119 Crore and Net Interest Margin improved to 3.94%. Total Assets have increased by Rs. 2,986.23 Crore and reached Rs. 19,118.52 Crore as on 31^st March 2016 (Rs. 16,132.29 Crore as on 31^st March 2015). In FY 2016, the Bank has posted an Operating Profit of Rs. 349.03 Crore (FY 2015 Rs. 277.45 Crore) and a Net Profit of Rs.194.52 Crore (FY 2015 Rs.191.18 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 2016, the Bank has issued subscribed and paid-up capital of Rs. 2.84 billion, constituting 284,436,073 shares of Rs. 10/- each.

The Board of Directors of the bank is not able to recommend payment of any dividend for FY 2016.

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