DCB Bank to mull raising funds via debt securities, QIP on Apr 24
This story was originally published at 17:24 IST on 16 April 2026
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--DCB Bank to mull raising fund via debt securities on Apr 24
--DCB Bank to mull raising funds via QIP on Apr 24
NEW DELHI – DCB Bank's board will meet on Apr. 24 to consider raising funds by issuing debt securities and equity shares through qualified institutional placement, the lender informed the exchanges Thursday. The board will also consider and approve the financial results for the quarter and financial year ended Mar. 31.
The board will consider raising funds by "issuance of debt securities including unsecured redeemable non-convertible subordinated Basel III compliant Tier II Bonds by way of private placement", DCB Bank said.
For the December quarter, DCB Bank had posted a net profit of INR 1.85 billion, up 22% on year, and a total income of INR 20.82 billion. Its shares closed slightly lower Thursday at INR 188.02 on the National Stock Exchange. End
Reported by Shubham Rana
Edited by Rajeev Pai
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