The first city branch of the DCB Bank (formerly Developmental Credit Bank limited) in the State was inaugurated at laxmisagar here on Saturday by Regional Director of Reserve Bank of India PK Jena.
The branch would reach out to a cross section of customers from farmers to entrepreneurs. The main aim is to cover the large unbanked segment in the State with convenient banking solutions, said the bank’s Head of Agriculture and Inclusive Banking Narendra Mishra.
He said the new branch aims to grow retail banking and micro, small and medium enterprises (MSMEs). The private-sector bank, which presently has 14 branches in the State, had opened its first branch at Bargarh two years back. Speaking at a Press conference, Mishra said the bank provides tailor-made solutions for customers such as small businessmen, small and medium industries, salaried professionals, farmers and the agriculture and horticulture sectors.
The bank has in-demand products like DCB Elite Savings and Current Account, loan against gold, retail agri loan, warehouse construction loan, commercial vehicle loan, loan against agricultural commodities and business loan for small farmers.Among others, the bank’s Chief Credit Officer JK Vishwanath and Head, Marketing and investor relations Gaurav Mehta were present.