DCB Bank expands network in Maharashtra

 

The new branch will also provide business loan to Micro and Small and Medium Enterprises (MSME), loans for tractor, Kisan Credit Card (KCC), loan for educational institutions, construction finance and inventory funding to builders.

DCB Bank Ltd. announced the opening of its first branch in the city of Amravati in Vidarbha region of Maharashtra, marking a significant milestone for the new-generation private-sector bank.

The branch, located in Dastur Nagar, Amravati, will accelerate DCB Bank’s goal of expanding its branch network across the state and reaching out to a larger number of MSMEs, small businesses and traders. The branch was inaugurated by Pavneet Kaur (IAS), District Collector, Amravati, and Avinash Bargal (IPS), Superintendent of Police, Amravati (Rural). Senior members from DCB Bank including Mr. Anand Kalkonde, Regional Head, Agri & Inclusive Banking, DCB Bank Ltd and bank staff were present at the occasion.

www.newsbarons.com

The branch will offer DCB Bank customers in Amravati a wide range of retail banking services including lockers of all sizes, Savings Bank account at an attractive interest rate up to 6.75% p.a. on balance amount between INR 10 lakh to INR 2 crore, Current Account, Fixed Deposit, and loan products for individuals, farmers, agri-businesses, and micro, small and medium enterprises.

Gold loan facility is available. Additionally, DCB Gold Loan is available for quick loan processing for shop owners, traders, agri-entrepreneurs, business owners, craftsmen, and others. The branch also provides business loan to Micro and Small and Medium Enterprises (MSME). The branch will provide loans for tractor, Kisan Credit Card (KCC), loan for educational institutions, construction finance and inventory funding to builders.

Commenting on the inauguration, Narendranath Mishra, Head Agri & Inclusive Banking said, “DCB Bank’s expansion in the Vidarbha region of Maharashtra will contribute to the socio-economic growth and create opportunities for individuals, businesses, farmers, and entrepreneurs. The Bank is delighted to offer attractive interest rate for Savings Account and Fixed Deposits. Amravati is an important city and the local hub for government, farmers, and businesspeople. It is also the hub for DCB Bank in this part of Maharashtra. The branch will seek to deliver exceptional ease of banking, both in-branch and via digital solutions, for all its clients.”