Recent Event Highlights: Indian bond yields steady; buyback results eyed - Reuters India, Indian bank staff start strike, trading hit - Reuters, Indian rupee drops in thin trade; stocks watched - Reuters India, Take part-payment: Subhiksha to creditors - Business Standard, Axis Bank plans to raise up to INR 50bn - ISI - Emerging Markets, NEW ISSUE-DCB to sell 750 mln rupees of bonds on Thursday - Reuters India, and 36 more...
Created by dipity on May 6, 2009
Last updated: 08/06/09 at 12:10 AM
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Indian bond yields steady; buyback results eyedReuters India... dull because traders are reluctant to buy at the current high levels," said Anoop Verma, an associate vice president with Development Credit Bank. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fin.reuters.com%2Farticle%2FdomesticNews%2FidINBOM13632820090806&usg=AFQjCNGBdBcbElBApndLnkx_0MIuZmUFzQ
Indian bank staff start strike, trading hitReuters... there is only back to back merchant covering happening," said Naveen Raghuvanshi, associate vice president at Development Credit Bank. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.reuters.com%2Farticle%2FrbssFinancialServicesAndRealEstateNews%2FidUSBOM9752520090806&usg=AFQjCNGbr5fGhCA4lG794GAVHCATWzwgMQ
Indian rupee drops in thin trade; stocks watchedReuters India... there is only back to back merchant covering happening," said Naveen Raghuvanshi, an associate vice president with Development Credit Bank. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fin.reuters.com%2Farticle%2FdomesticNews%2FidINBOM5889520090806&usg=AFQjCNE7FSC7UglGaBuLY6z8Ns6MBh6XaA
Business StandardTake part-payment: Subhiksha to creditorsBusiness Standard... the remaining seven banks, which are HSBC, ABN Amro, IndusInd Bank, Barclays Bank, Development Credit Bank, Standard Chartered Bank and Kotak Mahindra. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.business-standard.com%2Findia%2Fnews%2Ftake-part-payment-subhiksha-to-creditors%2F366140%2F&usg=AFQjCNF9a9DfwVQbvQAQXxq3LvH-6BEIdg
Axis Bank plans to raise up to INR 50bnISI - Emerging MarketsOther 2 private sector banks, Bangalore-based ING Vysya Bank and Development Credit Bank (DCB) have also announced plans to raise capital. ...Axis Bank plans to raise up to Rs 5k crBusiness Standardall 17 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.securities.com%2Fgooglenews.html%3Fpc%3DDW%26doc_id%3D230053701&usg=AFQjCNGdo4gcZ_014kOp5nZrtcTVg2-UhQ
NEW ISSUE-DCB to sell 750 mln rupees of bonds on ThursdayReuters IndiaMUMBAI, Aug 5 (Reuters) - Development Credit Bank (DCBA.BO: Quote, Profile, Research) plans to raise at least 750 million rupees via a sale of lower Tier-II ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fin.reuters.com%2Farticle%2FdomesticNews%2FidINBMB00829720090805&usg=AFQjCNE1Xdhz9gBigR2xEDNqLo5LKapPfA
Excerpt
...private sector banks, Bangalore-based ING Vysya Bank and Development Credit Bank, have also announced plans to raise capital. DCB plans to raise Rs 300 crore by issuing fresh equity shares — up to Rs 100 crores via the QIP route and up to Rs 200 crore via...
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Business Standard
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http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/heIMthY0_Us/storypage_c.php
Rupee Drops as Stocks Fall on Monsoon Concern; Importers SellBloomberg“The monsoon's progress has dented confidence,” said Naveen Raghuvanshi, a trader at Development Credit Bank Ltd. in Mumbai. “Importers' dollar demand was a ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.bloomberg.com%2Fapps%2Fnews%3Fpid%3D20601091%26sid%3DavvRTlRAymIU&usg=AFQjCNHE6_m2xR4mjyOW1vSnkVEjrpvK2g
DCB in red, to raise INR 4bnISI - Emerging MarketsMumbai: Mumbai-based Development Credit Bank has posted a net loss of INR 352.7mn in the first quarter ended June 2009 as against a net profit of INR 54.4mn ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.securities.com%2Fgooglenews.html%3Fpc%3DDW%26doc_id%3D229078005&usg=AFQjCNGe8YH1orNX56f_CM7id3uwDJXV1Q
DCB to raise Rs 400 cr via various routesEconomic TimesThe board of directors have approved to raise Rs 100 crore by sub-debt Tier II (bonds), Development Credit Bank (DCB) said in a filing to the Bombay Stock ...Development Credit Bank to raise upto Rs 100 croreTopNewsLooking to raise funds via QIP, rights by '09-end: DCBMoneycontrol.comDCB to raise Rs 300 croreEquity Bullsall 6 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Feconomictimes.indiatimes.com%2FMarket-News%2FDCB-to-raise-Rs-400-cr-via-various-routes%2Farticleshow%2F4820230.cms&usg=AFQjCNHeDA9zFlYBHqC3bKMBCFAjBS8hIA
India's Bonds Gain After Central Bank Offers to Buy SecuritiesBloombergSurplus cash at lenders will also help fuel demand for the securities, said Anoop Verma, a bond trader at Development Credit Bank Ltd. “The central bank's ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.bloomberg.com%2Fapps%2Fnews%3Fpid%3D20601091%26sid%3DaFEwntqe.ZOM&usg=AFQjCNHLzDuQPsWQogg_5QJBxp-4xyAKnA
Excerpt
...Hit by losses, private sector lender Development Credit Bank (DCB), has decided to close down its unsecured personal loan portfolio in 2009-10 and focus on its secured loans portfolio, the bank MD & CEO Murali Natrajan said. “A major part of the loss in the...
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livemint.com
http://www.livemint.com/2009/06/21113907/DCB-to-close-unsecured-loan-po.html
The Citizen DailyCRDB share price gains on first day of trading at DSEThe Citizen Daily, United Republic of TanzaniaThe bank collected Sh50.7 billion in an IPO aimed at collecting Sh18.8billion. CRDB is the third bank to be listed on the bourse in which 15 companies trade. Other banks are the Dar es Salaam Community Bank (DCB) and the NMB Bank. ...
http://thecitizen.co.tz/newe.php?id=13238
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...with 80 state-of-the-art branches spread over nine states and two union territories. Mumbai, June 8 : Development Credit Bank (DCB), the listed new generation private bank has announced a change in interest rates on its fixed deposits. It has cut interest...
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New Kerala
http://www.newkerala.com/nkfullnews-1-52346.html
USAID (press release)US Loan Guarantee Helps Ghana Port Company Acquire ForkliftsUSAID (press release), DC... allowed the bank to issue credit to borrowers that might otherwise be deemed too risky. The agreement between USAID and Ecobank was a credit guarantee program through a public-private partnership mechanism called the Development Credit Authority. ...
http://www.usaid.gov/press/frontlines/fl_jun09/p5_ghana060913.html
Pittsburgh Post GazetteCompiled by Natalie Hill, Pittsburgh Post-GazettePittsburgh Post Gazette, PALight of Life Rescue Mission appointed Cindy A. Shafer director of development. Credit Management Co. promoted James Dillahunt to team leader. Susan Zwillinger was hired as principal consultant by 4CTechnologies, which also hired Dan Couch and Matt ...
http://www.post-gazette.com/pg/09158/975371-318.stm
Indian ExpressToo high, cut CEO pay: RBI tells 3 private banksIndian Express, IndiaRBI has put on hold the salaries of CEOs of ING Vysya Bank, Axis Bank and Development Credit Bank. The Reserve Bank of India, citing its powers as banking regulator, has put on hold the salaries of Chief Executive Officers of three private sector banks ...
http://www.indianexpress.com/news/too-high-cut-ceo-pay-rbi-tells-3-private-banks/470979/
Hindu Business LineDCB to bank on relationship modelHindu Business Line, IndiaMr Murali Natarajan, CEO, DCB Mumbai, May 31 In 1995, Development Co-operative Bank Ltd was converted into Development Credit Bank; this was probably the first instance of a co-operative bank getting transformed into a 'new private sector bank'. ...
http://www.thehindubusinessline.com/2009/06/01/stories/2009060150870600.htm
Excerpt
...the Reserve Bank of India (RBI) and the Union government to hold more than 10% stake in the private sector Development Credit Bank Ltd, or DCB, a top executive said. Akfed has for long held at least 25.10% interest in DCB. But RBI in February 2005 capped any...
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livemint.com
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http://www.livemint.com/2009/05/20235731/Aga-Khan-fund-seeks-nod-to-ret.html
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...to convert itself into a private bank in 1996. As a result, even some of the old private sector banks are larger than DCB. The bank is presently engaged in a cost-control exercise and is looking at various administrative and employee expenses. DCB has already...
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Times of India
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http://economictimes.indiatimes.com/News/Blazing-through-a-tough-terrain-Murali-Natrajan-DCB/articleshow/4553665.cms
Azerbaijan Business CenterOn 16 June, EBRD ready to endorse a $13 million credit line for ...Azerbaijan Business Center, AzerbaijanThe European Bank for Reconstruction & Development (EBRD) is considering an issue of the next credit line for Azerbaijan's Azerdemiryolbank. The EBRD informs that on 16 June the Board of Directors should cover the matter of the $13 million credit line ...
http://abc.az/eng/news_15_05_2009_34869.html
Gulf TimesIndian markets trim initial falls on electionsGulf Times, QatarThe yield has risen 35 points since late April, which Anoop Verma of Development Credit Bank said was a sign investors had pared their positions before the election outcome. “Whatever the outcome, there are two fundamental truths. ...
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=290761&version=1&template_id=48&parent_id=28
Business Standard'My mandate is to grow the bank, but cautiously'Business Standard, IndiaOver the last few months, there has been a spate of bad news from Development Credit Bank, promoted by the Aga Khan Fund for Economic Development (Akfed). First came the departure of the bank's CEO Gautam Vir, followed by losses in the third quarter ...
http://www.business-standard.com/india/news/%5Cmy-mandate-is-to-growbankcautiously%5C/358008/
Moneycontrol.comAre Development Credit Bank's bad days over?Moneycontrol.com, IndiaDevelopment Credit Bank (DCB) has had a bad time in the last 5–6 months. There were probably bad loans, which all banks have, but being a small bank it hurt more. Moreover, the travails experienced by private banks also hit it. ...
http://www.moneycontrol.com/india/news/business/are-development-credit-banks-bad-days-over/397289
The Citizen DailyTCCIA company to grow crops to exploit expanding marketsThe Citizen Daily, United Republic of TanzaniaSo far, it has invested Sh1.3billion in the National Microfinance Bank (NMB), Sh98.2million in the Dar es Salaam Community Bank (DCB) and Sh122.9million in Twiga Cement. The company recorded a post tax profit of Sh200.9million in 2008. ...
http://thecitizen.co.tz/newe.php?id=12456
Knowledge@WhartonAs Foreign Banks Detour, Public Banks Forge AheadKnowledge@Wharton, PAThe list includes ICICI, HDFC Bank, Development Credit Bank, and ING Vysya. Being classified as a foreign bank involves restrictions on opening branches and investing in areas reserved for Indian entities. But Indian banks may not like the "foreign" ...
http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4376
Moneycontrol.comNifty Futures add 30 lakh shares in OIMoneycontrol.com, IndiaDCB is one stock is which is up nearly 5-7% with a good buildup of nearly 10 lakh shares in OI which is around 20% considering the total OI outstanding for this company. GSPL is another stock which has come up after a long time. ...
http://www.moneycontrol.com/india/news/fo-cues/nifty-futures-add-30-lakh-sharesoi/396433
Excerpt
In a filing to the Bombay Stock Exchange (BSE) today Development Credit Bank (DCB) has informed that Murali Natarajan has been appointed as an additional director of the of the bank with effect from April 29.
Natarajan has also been appointed as the
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Business Standard
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http://feedproxy.google.com/~r/Business-Standard-News-Now/~3/4WXser23VWk/storypage_c.php
Impact NewsState Bank of MauritiusImpact News, MauritiusAu cours de sa carrière, il a occupé les plus hautes fonctions dans de nombreuses institutions bancaires et boursières. Avant de venir chez nous, il exerçait comme Chief Executive de la Development Credit Bank en Inde.
http://www.impactnews.mu/News_View.asp?NID=6095
In this show, the non-executive chairman of Development Credit Bank speaks about infrastructure growth under the NDA regime and the present UPA regime. ... Question Time Nasser Munjee NDTV Profit India
Newstrack IndiaNSE omits 50 stocks from F&ONewstrack India, IndiaAfter exclusion of 50 stocks - 3i Infotech, Alok Industries, Amtek Auto, Aptech, Arvind, Balaji Telefilms, Ballarpur Industries, Bata India, Birla Corporation, Bombay Dyeing & Manufacturing Company, Central Bank of India, Development Credit Bank, ...
http://www.newstrackindia.com/newsdetails/89056
Earthtimes (press release)Desert Commercial Bank Posts Year-End NumbersEarthtimes (press release), UKFurther, the bank anticipates another approximately $2.5 million to be in escrow within 60 days. Meanwhile, loan reserves stand at $2.3 million and the analysis for the remaining portfolio continues to be adequate for DCB's current risk profile.
http://www.earthtimes.org/articles/show/desert-commercial-bank-posts-year-end-numbers,790860.shtml
A'st1 - Dynamite (full) www.youtube.com Obviously we can't judge on only one song. So i'll upload another awesome song of A'st1 : 02 - Naega Anira A'st1 Comeback stages: 04/17 Music Bank 04/18 Music Core Purchase at Yesasia: www.yesasia.com Guitar chords: Verse: Em DC B7 Prechorus: Em DCB Chorus: Em DC B7 x2 CB Romanizations: Eotteoke ijeoni Nal ijeobeoryeosseo Kkeut nasseo A...s't1 ! Naega anira, keuge naega anira Modu naega anira Malhae modeunge anirago Nuga mweoraedo Keunyang dashi neol ...
Shane returns. ... david crowder band tour studio recording dcb church music andrew bird anathallo economy aig bank of america bonus jonas
Excerpt
...MUMBAI: After a long search, Development Credit Bank (DCB) appears to have finally identified a CEO. Murali Natrajan, the global head of SME banking of StanChart, has been short-listed by the DCB board. The bank has already sought approval from the Reserve Bank...
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Economic Times
http://economictimes.indiatimes.com/News/News-By-Industry/Banking-Finance-/Banking/Murali-Natrajan-seen-DCBs-choice-for-CEO/rssarticleshow/4289669.cms
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...Development Credit Bank Ltd (DCB) may be the first Indian bank to pay the price for aggressive retail lending over the past few years and is being closely monitored by the banking regulator, Reserve Bank of India (RBI), even as its quality of assets deteriorates...
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livemint.com
http://www.livemint.com/2009/03/04235012/Bad-loans-is-DCB-under-regula.html
"Community Development" is one of the most important yet confusing issues under CRA. * Have you claimed community development credit for loans and investments that are not qualified under CRA? * Have you had community development loans disqualifed by examiners during a CRA performance evaluation because you did not have the necessary documentation? * Do you suspect your bank has many more community development activities that you don't know about? * Do you know why the community development is ...
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...Development that holds 25.10% stake in the company. RBI had told DCB that it would be given new branch licences only if the bank brings in more outside capital — a move that would cause a dilution in the promoter’s holding. This year, the bank has suffered...
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Times of India
http://economictimes.indiatimes.com/News/DCB_may_shut_most_of_its_retail_asset_business/rssarticleshow/3883054.cms
Excerpt
...Sept. 6: Foreign institutional investors seem to have lost their appetite for the Development Credit Bank (DCB) stock. During the 12 months ended June 30, 2008, they have almost halved their shareholding in the bank to 17.65 per cent from 30.84 per cent. This...
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Calcutta Telegraph
http://www.telegraphindia.com/1080907/jsp/business/story_9799009.jsp
Excerpt
...Bank of Punjabs voluntary merger with HDFC Bank, another mid-sized Mumbai-based private sector bank, Development Credit Bank (DCB), is looking to merge with a larger bank. Top DCB sources told FE that to expand its business in the country, the bank is actively...
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Expressindia.com
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http://www.financialexpress.com/news/DCB-open-to-merging-with-a-larger-bank/294922/
Excerpt
...meet the needs of the microfinance sector, Development Credit Bank (DCB) is looking at options such as forging alliances with microfinance institutions (MFIs) and at opening exclusive branches for this purpose. Mr Guatam Vir, Managing Director and Chief Executive...
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Hindu Business Line
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http://www.thehindubusinessline.com/2008/04/10/stories/2008041052140600.htm
Urban Poor," presentations from theUrban Age India conference in Mumbai, 2-3 November 2007 (for more details please visit www.urbanage.net) Urban Age's principal aim is to shape the thinking and practice of urban leaders and sustainable urban development. Initiated by the Cities Programme at the London School of Economics and Political Science and Deutsche Bank's Alfred Herrhausen Society, Urban Age is structured around international and multidisciplinary events and research supporting the ...
"Housing Urban Poor," from the Urban Age India conference in Mumbai, 2-3 November 2007 (for more details please visit www.urbanage.net) Urban Age's principal aim is to shape the thinking and practice of urban leaders and sustainable urban development. Initiated by the Cities Programme at the London School of Economics and Political Science and Deutsche Bank's Alfred Herrhausen Society, Urban Age is structured around international and multidisciplinary events and research supporting the creation ...
"Housing Urban Poor," from the Urban Age India conference in Mumbai, 2-3 November 2007 (for more details please visit www.urbanage.net) Urban Age's principal aim is to shape the thinking and practice of urban leaders and sustainable urban development. Initiated by the Cities Programme at the London School of Economics and Political Science and Deutsche Bank's Alfred Herrhausen Society, Urban Age is structured around international and multidisciplinary events and research supporting the creation ...
Excerpt
...Development Credit Bank (DCB), a private sector bank in India, targeted 40 percent growth in advances by the end of fiscal '08, said DCB chairman Nasser Munjee. 'We are expecting 40 percent growth in advances in the current financial year. Since India is witnessing...
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India eNews
http://feeds.feedburner.com/~r/indialatestnews/~3/143774264/65361.htm
Excerpt
...The Tata group will pick up to 4.6 per cent stake in Development Credit Bank (DCB) through its newly-formed subsidiary Tata Capital. The board of DCB today approved raising up to Rs 310 crore by issuing preferential shares to five investors, including Tata...
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Business Standard
http://feeds.feedburner.com/~r/Business-Standard-Banking-Finance-News/~3/132683736/storypage_c.php
for an alternative. Although they had been extending a lifeline for families and friends of immigrants working in America, without a financial institution to house their accounts, these vital outlets would be forced to shut their doors. Cousminer agreed to house their accounts at the credit union, resulting in lower prices for consumers. Over the years, Cousminer has received many awards for her community service. In 1996 she received the Annie Vamper Award from the National Federation of ...
Excerpt
...Oct. 27 : Development Credit Bank Ltd (DCB), the private sector bank promoted by Switzerland-based Aga Khan Fund for Economic Development (AKFED), today made a strong debut on the stock exchanges. DCB opened at Rs 35.35 on the BSE against the issue price of...
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Calcutta Telegraph
http://www.telegraphindia.com/1061028/asp/business/story_6926867.asp
Excerpt
...by the Basel II norms, which will be applicable from next year. According to Adil Kasad, chief financial officer, DCB, the banks capital adequacy ratio will rise to 19.5 per cent from the current 9 per cent after the IPO. Speaking to newspersons here today,...
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Calcutta Telegraph
http://www.telegraphindia.com/1060926/asp/business/story_6793488.asp
Excerpt
... Development Credit Bank Ltd (DCB), the private sector bank promoted by the Aga Khan Fund for Economic Development (AKFED), is unlikely to comply with the Reserve Bank of India's stipulation on reducing promoter's holding before the deadline.
...
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Hindu Business Line
http://www.thehindubusinessline.com/2006/08/22/stories/2006082204150600.htm
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