Annual Report 2016-2017 of Development Credit Bank

It is a broadly described annual report of Development Credit Bank in the year of 2016-2017. During the financial year, The Bank’s Total Assets have increased by Rs. 4,927.86 Crore and reached Rs. 24,046.38 Crore as on 31^st March 2017 (Rs. 19,118.52 Crore as on 31^st March 2016). Customer Deposits have increased by Rs. 3,141.13 Crore and Advances have increased by Rs. 2,896.24 Crore. In FY 2017, the Bank has posted an Operating Profit of Rs. 418.21 Crore (FY 2016 Rs. 349.03 Crore) and a Net Profit of Rs. 199.68 Crore (FY 2016 Rs. 194.52 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 2017, the Bank has issued subscribed and paid-up capital of Rs. 2.85 billion, constituting 285,364,353 shares of Rs. 10/- each.

The Board of Directors of the bank is pleased to recommend a dividend of Rs. 0.50 per equity share of Rs. 10.00 each in respect of the financial year ended 31^st March 2017.

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