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DCB
in tie up with Visa for debit cards
Our
Banking Bureau
11 March 2004
Bangalore:
Development
Credit Bank has tied up with Visa International towards
for the debit card.
The
bank aims to disburse close to 2,50,000 debit cards in
12 months, bank officials said.
The
bank's board is likely to meet in near term to discuss
the possibility of Aga Khan Fund for Economic Development
hiking its stake to 74 per cent from the current level
of 49 per cent, in with the recent Reserve Bank of India
norm, the Managing Director, Mr H.V. Sheshadri, said.
 However,
he declined to comment on the bank's expected business
targets for the current year as well as its planned capital
infusion.
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