DCB Bank-New Generation Private Sector Bank Acquires 9% Minority Stake In NBFC Techfino Capital

2021-04-21 13:01:40

DCB Bank Acquires 9% Stake In Non-Banking Financial Company 'Techfino Capital'

New generation private sector bank- DCB Bank Limited, announced on Wednesday, April 21, that it acquired a minority equity stake of approximately nine per cent in a Bengaluru-based non-banking financial company (NBFC) – ‘Techfino Capital Private Limited. DCB Bank is a listed firm on stock exchanges- BSE and NSE. According to a statement released by DCB Bank, the NBFC uses a modern technology platform to offer customised consumer loans in the healthcare and education sectors. Techfino Capital is present in major metro cities and tier-2 cities across the country.

According to the statement, DCB Bank has as many as 347 branches across 18 states and two union territories in the country. It is amongst the new generation banks which received the scheduled commercial bank license from the bank regulator – Reserve Bank of India (RBI). The private sector bank offers internet and mobile banking for personal and business banking customers.

The business segments of the bank consist of micro-SME, SME, retail, mid-corporate, commodities,s agriculture, government, co-operative banks, non-banking finance companies, Indian banks. 

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