finance > banks > Development Credit Bank

Development Credit Bank raises subordinate debt of Rs 66 crore Our Banking Bureau 5 April 2003 Mumbai: Development Credit Bank Ltd (DCB) has raised a fresh subordinate debt of Rs 66 crore through private placement to fund its large-scale expansion plans. The tier-II capital was raised at a rate of 8 per cent for a tenor of 63 months, as on 31 March 2003, said a press release. The original issue size was Rs 50 crore and had a green-shoe option.   List of reports on Development Credit Bank

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