DCB bank showed its interest in helping and supporting small and medium enterprise (SME). Banks has decided to provide more lending support to SME and other self employed people in coming 2-3 years. To assist them bank is expanding its network and range of its customised products.
MD and CEO of the bank reported that due the glooming economy there was not much development in their SME section in the present year, but they are trying to improve it by 20% by the next fiscal year. He further stated that in three years from 2009-2012 they rapidly raised in SME sector, but soon they noticed there were some threats in the strategy. Their loan amount decreased from 7 crore to 3 crore.
Bank is planning to expand its network by establishing 30-40 new branches and will recruit 300-400 new employees for the new branches.