Public and private sector banks in india

Public and snobbish sector patoiss in indiaFinancial Institutions ope setA comparative Study on Public and surreptitious celestial sphere pious platitudes in India Public Sector A public sector enterprise is an organisation which is Owned by public authorities including Central, bow or Local authorities, to the consequence of 50% or to a greater extent Is under the top managerial control of owning public authorities Is found for the achievement of a definite particularize of public purpose Is consequently dumbfoundd under a system of public accountability Is engaged in an act of business character Private Sector The surreptitious sector enterprise is an organisation which is possess, managed controlled by nonpublic individuals or a assembly of individuals or both. This is also engaged in business activity but with the motive of profit maximisation rather than public service like in case of public sector enterprise. Objectives of Public Sector sourceHelps in rapi d economic growth industrialisation of the country creation of necessary infrastructure for economic development,To earn return on investment then generate resources for development,To promote redistribution of income and wealth, To create employment opportunities, To promote balanced regional development, To promote import substitution, save and earn foreign exchange for the economy Acts as a countervailing force and put up an effective competition to undertakings in private sector andTo gain control over the commanding heights of the economy. The followers argon the list of Public Sector banking concerns in India Allahabad marginAndhra assert chamfer of Baroda imprecate of India chamfer of MaharastraCanara trustCentral avow of IndiaCorporation swearDena BankIDBI BankIndian BankIndian Overseas BankOriental Bank of Commerce Punjab Sind BankPunjab interior(a) BankSyndicate BankUCO BankUnion Bank of India United Bank of IndiaVijaya Bank List of State Bank of India and it s subsidiary, a Public Sector Banks State Bank of India State Bank of Hyderabad.State Bank of Indore.State Bank of Mysore.State Bank of Saurastra.State Bank of Travancore.State Bank of Bikaner Jaipur.Private BankThe first Private Bank in India to receive an in principle approval from the Reserve Bank of India was Housing Development pay Corporation curb, to set up a bank in the private sector banks in India as p artistic creation of the RBIs liberalization of the Indian Banking manufacturing. It was incorporated in August 1994 as HDFC Bank e supernumerary(a) with registered office in Mumbai and commenced operations as Scheduled Commercial Bank in January 1995. ING Vysya, yet another Private Bank of India was incorporated in the social class 1930. Bangalore has a pride of place for having the first branch inception in the year 1934. With successive years of patronage and constantly setting new standards in banking, ING Vysya Bank has legion(predicate) an(prenominal) opinions to its account. List of Private Banks in India stick OF PUNJAB.BANK OF RAJASTHAN.CATHOLIC SYRIAN BANK.CENTURION BANK.CITY UNION BANK.DHANALAKSHMI BANK.DEVELOPMENT CREDIT BANK. national BANK.HDFC BANK.CICI BANK.NDUSIND BANK.NG VYSYA BANK. AMMU KASHMIR BANK.KARNATAKA BANK.KARUR VYSYA BANK.LAXMI VILAS BANK.SOUTH INDIAN BANK.UNITED WESTERN BANK.UTI BANK . PUBLIC BANK Allahabad BankEstablished on April 24, 1865 in Allahabad by a group of European, Allahabad Bank is also the oldest Joint Stock Bank of India .Allahabad Bank is one of the leading banks in India. Allahabad Bank was one of those. Currently it offers a whole set up of financial work to thousands of customers across the nation through its 2260 branches, besides its Inter cabbage banking services. In the year 1969, the Government of India nationalized 13 moneymaking(prenominal) banks Allahabad Bank has its headquarter fit(p) in Kolkata. Brief HistoryAfter its establishment in 1865, Allahabad Bank became a part of P O Ba nking Corporation in 1920 with a bid cost of Rs. 436 per share. In 1923, considering the business opportunities, the headquarter of the bank was shifted to Kolkata. On July 19, 1969, when the Government of India nationalized Allahabad Bank on with 13 other banks, it had 151 branches across the nation with deposits of Rs. 119 crore and advances of Rs. 82 crore. In 1989, United industrial Bank Ltd. merged with nationalized Indian bank. Allahabad Bank also instituted a wholly owned subsidiary for Merchant Banking, called Allahabad Bank Finance Ltd. Allahabad Bank released its first initial Public Offer (IPO) of 10 crore (face value Rs. 10 per share) in October, 2002. It reduced the Government shareholding to 71.16%. It again released Follow on Public Offer in April, 2005 of 10 crore equity shares . It again reduced the Government shareholding to 55.23%. It was June, 2006 when the Allahabad Bank went international to open up its first Representative Office at Shenzen in China. In Octo ber, 2006, Allahabad Bank went high-tech for roll out its first branch under Core Banking Service. It opened up its first overseas branch at Hong Kong in February 2007. In March 2007, the business of Allahabad Bank crossed Rs. 1,00,000 crore mark.Products Following are the list of products offered by Allahabad Bank to its customers stupefy ProductsFlexi-Fix submit.Rs. 5 Banking.All Bank Mahila Sanchay Account.All Bank Vikash SB Account.All Bank Premium Current Accounts. Current Plus Deposit aim. Sishu Mangal Deposit Scheme.Retail reference work rating ProductsHousing Loan.Education Loan.Car Loan. own(prenominal) Loan for Pensioners. Personal Loan for Doctors. Loan Against NSC/KVP. Allahabad Bank Rent Loan. Allahabad Bank Property Scheme. Allahabad Bank Furnishing Loan. capital Loan Scheme. Allahabad Bank Mobile Scheme.Overdraft Facility in SB Accounts. Allahabad Bank Abhushan Scheme.Allahabad Bank Trade Schem.Allahabad Bank Gyan Dipika Scheme. Allahabad Bank Reverse Mortgage Scheme.Other Credit ProductsAllahabad Bank-Expo.Allahabad Bank Kisan Shakti Yojana.Allahabad Bank Kisan Credit beak.Other function The Following are the list of other services offered by Allahabad Bank.Depository Services.Depository Services.Visa Debit Cum ATM post horse.Gold Card Scheme for Exporters. Charter for MSMEs.Government Business. matter Electronic Funds Transfer. Regional MSME Care Centres.MSME Care Centre in Jharkhand State for All Banks.All Ayshman Bima Yojana. interchange circumspection Services.Real Time Gross Settlement.embodied Details Bank of Baroda India from an organization ground on private capital and state ownership, at present is physique of enterprise and corporate governance, situated in Mumbai. The new logo of the bank comprises dual B alphabet, holding the sun rays. It was founded by Maharaja Sayajirao Gaekwad in 1908 in Baroda. It is referred as the Baroda Sun.Activities The general product and services offered by the Bank of Baroda India are, Co rporate wholesale banking, deposits, loans and advances, appraisal and merchant banking, cash management and remittances.Personal deposits, Gen-Next Services, retail loans, credit cards, debit cards, Baroda wellness, Multi City Cheque , lockers.Business deposits, loans and advances, Multi City Cheque, BoB money express, Collection services, ECS, lockers.International NRI services, FCNR loans, offshore banking, export and import finance, international treasury.Treasury municipal and forex operations.Rural deposits, priority sector advances, remittances, pension, lockers.PerformanceThe Baroda bank secured the ISO 90012000 certification for its15 branches, and by the end of 2007 it has a target to achieve this quality mark for 54 more branches.Financial Highlights the business results of the Bank of Baroda India as recorded on 31st March, 2006 are, the come up deposits Rs.93,661.99crores, total advances Rs. 59911.78 crores, total investments Rs.35114.22 crores, total assets Rs .113392.53 crores and internet profit Rs.826.96 crores. Andhra BankAndhra Bank was registered on 20 November 1923 and commenced business on 28 November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs. The Bank crossed m either milestones and the Banks Total Business as on 30.06.2008 stood at Rs.83,256 Crores with a Clientele base over 1.74 Crores.The Bank is rendering services through 2139 Business obstetrical delivery Channels consisting of 1371 branches, 66 Extension Counters, 38 Satellite Offices and 664 ATMs spread over 21 States and 2 Union Territories as at the end of June, 2008. To provide value-added services to Customers, the Bank has set up its own 664 ATMs as on 30.06.2008. Of which 03 Mobile ATMs and two with Biometric access. Besides, ATM sharing arrangements with several Banks including SBI group, IDBI Bank, UTI Bank, HDFC Bank, Indian Bank and others under National Financial Network Switch covering 24856 ATMs.All forkes are 1 00% computerized, 1186 units viz., 1101 Branches, 68 Extension Counters, 15 Service Centres networked under Cluster Banking solution and providing Any Branch Banking. Real Time Gross Settlement Facility and National Electronic Fund Transfer facility has been introduced in 723 Branches. Bank is migrating to Centralized Core Banking root 118 Branches construct already migrated to CBS. It is proposed to cover 550 branches by September 2009. This will benefit the customers, who will have access to banking and financial services anytime, anywhere through ternary delivery channels.clarification needed Andhra Bank is a pioneer in introducing Credit tease in the country in 1981 .Our Bank introduced Internet Banking Facility to all customers of compact linked branches.clarification needed Rail Ticket Booking Facility is made available to all debit card holders through IRCTC Website through a separate gateway. Corporate Website is available in English, Hindi and Telugu Languages communica ting Banks image and information. Bank has been given BEST BANK AWARD a banking technology accolade by IDRBT, Hyderabad for immense use of IT in Semi Urban and Rural Areas on 02.09.2006.citation needed IBA Jointly with TFCI has conferred the Joint Runner-up Award to the Bank in the Bet Payments initiative in recognition of outstanding achievement of the Bank in promoting ATM Channel.Bank successfully conducted Bancon 2006, a two day event at Hyderabad, deliberating on Inclusive harvest-time A young Challenge. Kiddy Bank Scheme, with insurance benefits, was relaunched to inculcate savings habit among the children. Bank has mobilized nearly 90000 new accounts during 2007-08.citation neededAs a part of Financial Inclusion, Bank adopted two districts, namely, Srikakulam in Andhra Pradesh and Ganjam in Orissa and achieved 100% coverage. Bank has introduced Smart Card Scheme Pilot project in Warangal District and the same will be extended to other Lead Districts in due course. Bank has opened 2.11 lakh accounts under No-frill accounts category bank 30.06.2008.Andhra Bank, along with A P State Government, NABARD, Canara Bank, Indian Bank, IOB and SBH sponsored the Andhra Pradesh Bankers Institute of Entrepreneurship Development, which will offer training to unemployed youth for improving their skills in Andhra Pradesh.Bank adopted Gundugolanu village, West Godavari District, Andhra Pradesh birth place of Dr.Bhogaraju Pattabhi Sitaramayya for all-round development. A comprehensive budget with an outlay of Rs.5.50 Crore is finalized for improving health, sanitation, education and social service facilities in the village.Bank has been ranked No.1 in terms of account of Life insurance policy Policies mobilized amongst all the Agency Banks dealing with Life Insurance Corporation of India. Bank also has tie-up with United India Insurance Company curb under Bancassurance.Bank was ranked 532nd for the year ended 31.03.2007 amongst Top 1000 Banks in the world by Th e Banker a London based publication based on Tier I Capital as defined by Basels Bank for International Settlements .Bank is in the emergence of forming a Joint speculation in Malaysia in association with Bank of Baroda and Indian Overseas Bank.The Bank opened its Representative Office in Dubai in May, 2006 and Representative Office at Jersey City, New Jersey (U S A),in June 2009.Bank feels United States would be an ideal location as Andhra Bank has been a household name among many NRIs there. A foothold in New Jersey is strategic for the 84 year old bank as it has a large number of non occupant Indians from Andhra Pradesh.Thus Bank accords utmost concern to customer satisfaction by offering innovative and need based financial products and services using state-of-the art technology. Deposit SchemesSavings Accounts Current Accounts Term Deposits Arogyadaan Scheme Bancassurance Life Bancassurance (Non Life) Bank of IndiaBank of India was established on 7th September, 1906 by a grou p of reputed businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalized along with 13 other banks. It is starting with just one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees the Bank has made fast progress over the years and blossomed into a mighty institution with a hearty national presence and sizable international operations. The Bank gets a premier position among the Nationalized Banks in India. Main ActivitiesAmongst the standard services provided by Bank of India the special service that it provides is Multi Branch Banking. Multi Branch Banking service is available to customers of networked branches of the Bank. Under this service, the customer of one branch will be able to transact on his account, from any other networked branch of the Bank. This facility is at present available at 200 cities/towns across the country. A list of MBB branches is available at the end of this page. Services availa ble in MBB Cash Deposits Cash Payments Transfer Of Funds Statement of A./c For a Given Period. Balance Inquiry. Marking Stop Payment Of a Cheque. Fate Of a Cheque. Other Value Added Services such as Centralized Telebanking, SMS Banking, PC Banking would also be available at these networked branches. PerformanceSince mid-2005, these employees have been seeking low cost deposits. It was chiefly due to this that the bank was able to outperform the industry with a 78 per cent growth in net profit for the third quarter of the current year,2006. After Bank of India introduced Core Banking Software, many employees became redundant. The bank redeployed about 1,200 of them into marketing. This kept the cost of funds under control. Further, the bank had been very selective about credit expansion in 2005-06, when advances grew 23 per cent, lower than the industry average. At a press conference, BOIs Chairman and Managing Director, Mr M Balachandran, verbalize that current account deposits gr ew 32 per cent during the quarter. Punjab National Bank of IndiaPunjab National Bank of India, the first Indian bank started only with Indian capital, was nationalized in July 1969 and direct the bank has become a front-line banking institution in India with 4525 Offices including 432 Extension Counters. The corporate office of the bank is at new Delhi. Punjab National Bank of India has set up representative offices at Alm Kazakhistan Shanghai and in London and a full fledged Branch in AfghanistanActivitiesCurrent Account PNB Smart Roamer, PNB Vaibhav, PNB GauravFixed Deposit Schemes Mahabachat Schemes, Spectrum Fixed Deposit Scheme, Anupam Account, Multi Benefit Deposit Scheme.Credit Schemes PNB Flexible Housing Loan, Car Finanace, Personal Loan.Social Banking Krishi Card, PNB Farmers Welfare Trust, Mahila Udyam Nidhi SchemeCorporate Banking EXIM finance, Gold Card scheme for exporters.Business Sector PNB Vikas Udhami, PNB Karigar credit card, PNB Kushal Udhami, PNB Pragati Udhami.Savings Fund Account PNB Prudent Sweep, Total Freedom Salary Account, PNB Vidyarthi SF Account, PNB Mitra SF Account. PerformanceThe total expense was Rs. 2830.44 crore and the net profit was Rs.237.70 crore.The total income of the Punjab National Bank of India as recorded in the quarter ending 31st display 2007 was Rs. 3712.79 crore as compared to Rs. 2926.93 crore on 31st march 2006. The Punjab National Bank of India has launched the concept of Any Time, Any Where Banking through the introduction of Centralized Banking Solution and has recently introduced On line Payment Facility for rail line reservation through IRCTC Payment Gateway Project and On line Utility Bill Payment Services, allowing Internet Banking account holders to make their payments anytime from anywhere. Another mistreat taken by Punjab National Bank of India is the launch of its ATM- cum- Debit card. Private Banks in IndiaInitially all the banks in India were private banks, which were founded in the pre-independence era to provide to the banking needs of the people. In 1955, after the declaration of first-five year plan, Imperial Bank of India was subsequently transformed into State Bank of India. In 1921, three major banks i.e. Banks of Bengal, Bank of Bombay, and Bank of Madras, merged to form Imperial Bank of India. In 1935, the Reserve Bank of India was established and it took over the central banking responsibilities from the Imperial Bank of India, transferring commercial banking functions all to IBI. Allahabad Bank, Canara Bank, Central Bank of India, etc. Thus, public sector banks revived to take up leading role in the banking structure. In 1980, the GOI nationalized 6 more commercial banks, with control over 91% of banking business of India. Following this, occurred the nationalization of major banks in India on 19 July 1969. The Government of India issued an ordinance and nationalized the 14 largest commercial banks of India, including Punjab National Bank . In 199 4, the Reserve Bank Of India issued a policy of liberalization to license limited number of private banks, which came to be known as New Generation tech-savvy banks. Global Trust Bank was, thus, the first private bank after liberalization it was later amalgamated with Oriental Bank of Commerce . therefore Housing Development Finance Corporation Limited became the first to receive an in principle approval from the Reserve Bank of India to set up a bank in the private sector. At present, Private Banks in India implicate leading banks like ICICI Banks, ING Vysya Bank, Jammu Kashmir Bank, Karnataka Bank, Kotak Mahindra Bank, SBI Commercial and International Bank, etc. Undoubtedly, cosmos tech-savvy and full of expertise, private banks have played a major role in the development of Indian banking industry. They have made banking more efficient and customer friendly. In the process they have jolted public sector banks out of complacency and forced them to become more competitive. Maj or private banks in India are Bank of Rajasthan A leading private sector bank, the Bank of Rajasthan was founded on the auspicious day of Akshya Tritiya on May 8, 1943, at Udaipur. Shri Rai Bahadur P.C. Chatterji, the then finance minister of the erstwhile Mewar Government, extensively contributed towards the establishment of the Bank. Catholic Syrian Bank With the Swadeshi Movement of early 20th century as its base, Catholic Syrian Bank was incorporated on twenty-sixth November 1920, in the Thrissur district of Kerala. The bank commenced its operations on 1st January 1921, with an authorized capital of Rs. 5 lakhs and a paid up capital of Rs. 45270. Dhanalakshmi Bank Limited The foundation of Dhanalakshmi Bank Limited was laid down on 14th November 1927in Kerala. A group of innovative entrepreneurs had started the bank with a capital of Rs.11,000 and only 7 employees. Federal Bank Federal Bank Limited was founded as Travancore Federal Bank Limited in the year 1931, with an authoriz ed capital of Rs. 5000. It was established at Nedumpuram, a place near Tiruvalla, in Central Travancore (a princely state later merged into Kerala), under Travancore Companys Act 1956. HDFC bank Housing Development Finance Corporation Limited, more popularly known as HDFC Bank Ltd, was established in the year 1994, as a part of the liberalization of the Indian Banking Industry by Reserve Bank of India . It was one of the first banks to receive an in principle approval from RBI, for setting up a bank in the private sector. ICICI Bank ICICI Bank started as a wholly owned subsidiary of ICICI Limited, an Indian financial institution, in 1994. Four years later, when the company offered ICICI Banks shares to the public, ICICIs shareholding was reduced to 46%. In the year 2000, ICICI Bank offered made an equity offering in the form of ADRs on the New York Stock Exchange . ING Vysya Bank ING Vysya Bank Ltd came into being in October 2002, when erstwhile Vysya Bank Ltd was merged with ING, a global financial powerhouse boasting of Dutch origin. Vysya Bank Ltd, one of initial banks to be set up in the private sector of India Jammu and Kashmir Bank The origin of Jammu and Kashmir Bank Limited, more ordinarily referred to as JK Bank, can be traced back to the year 1938, when it was established as the first state-owned bank in India. The bank was incorporated on 1st October 1938 and it was in more precisely on 4th July 1939. It commenced its business, in Kashmir (India). Karnataka Bank Karnataka Bank Limited is a leading private sector bank in India. It was incorporated on 18th February 1924 at Mangalore, a town located in the Kannada district of Karnataka. The bank emerged as a major player during the freedom movement of 20th Century India. Karur Vysya Bank The Karur Vysya Bank Limited commonly known as KVB was set up by Late Shri M.A. Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar, the two great visionaries in 1916 in Karur, a textile town in the Tamil Na du state of India. Kotak Mahindra Bank Kotak Mahindra Bank is one of Indias leading financial private banking institutions. It offers banking solutions that covers almost every sphere of life. Some of its financial services include commercial banking, stock broking, mutual funds, life insurance and investment banking. SBI Commercial and International Bank SBI Commercial and International Bank, SBI Commercial is a completely owned private auxiliary of Indias biggest banking and financial services set up, the State Bank of India. Established in 1995 to back SBIs corporate and international banking services, the SBI Commercial and International Bank is the only bank in India to be been awarded ISO-9002 quality systems certification for the Bank as a whole UTI Bank Axis Bank was formed as UTI when it was incorporated in 1994 when Government of India allowed private players in the banking sector. The bank was sponsored together by the administrator of the specified undertaking of the Un it Trust of India, Life Insurance Corporation of India (LIC) and General Insurance Corporation ltd. Yes Bank Yes Bank is one of the top most private Indian banks. Awarded by the only Greenfield license award by RBI in last 14 years, this bank is established and run by Rana Kapoor and Ashok Kapur with the financial support of Rabobank Nederland, the worlds single AAA rated private Bank. Citibank India Citibank India, since 1902, is at present one of the leading consumer finance lender providing its customers best products and services. Activities The Citibank India offers a varied range of financial assistance to its customers like Banking Suvidha Account, Debit Cards, Citibanking, Citi Gold Wealth Management Citi Business Current Account, Loans, CitiBusiness Card NRI Services Rupee Checking Account, India Deposits Online Services Internet Banking, Bill Payment, Statement on E-mail, E-Commerce, Citi AlertCredit Cards Citibank Gold Card, Jet Airways Citibank Gold Card, Hutch Ci tibank Card, Indian Oil Citibank Card, Shoppers Stop Citibank Card, MTV Citibank Card, Citibank Silver International Card, CRY Card, WWF Card, Times Card, Citibank Cricket Visa Card Deposit Accounts Savings Accounts, Current Accounts, and Term deposits.Loans Personal Loans, Home Loans, Loan against property, Auto Loan, Ready CreditInvestments Mutual Funds, Demat. Insurance Life Insurance Solutions, Credit Insurance, Health Insurance, Travel Insurance.Performance There is a relationship manager who guides the clients on the investment issues along with foreign exchange, transaction requests and trade services. Citibank India by launching the CitiBusiness Card have for the first time offered the customers a vast range of benefits, services, business intelligence, deals and discounts that are generally at the disposal of large corporations so far. Moreover without compensable any extra charges the customers are assured of world-class transactional convenience like pay orders, dema nd drafts and payable-at-par cheques .There is a relationship manager who guides the clients on the investment issues along with foreign exchange, transaction requests and trade servicesWAYS OF PRIVATIZATIONDISINVESTMENTCONTRACTINGFRANCHISINGPREMITING PRIVATE SECTOR ENTER INTO PSU RESERVED AREALIQUIDATIONLEASINGNEWS RELATED BANKBanking Sector in Budget 2008The Union Budget of India for the year 2008-2009 was announced by the Indian Finance Minister, Mr. P Chidambaram, on 29th February 2008. The policies and initiatives taken in the Union Budget of India 2008-2009 on the Indian Banking sector were in tandem with the requirements of the Indian economy. Small and marginal farmers have been relieved of all farm loans, disbursed till March 2007 and also all loans, which are due till December 2007 and was unpaid till February 2008. These farm loan waivers would be facilitated by all the implicated Public Sector Banks and Regional Rural Banks of India. A total of Rs 60,000 crores would b e waived-off under such scheme. The settlement of these loan-waivers will be offered through special causa of scheme. Further, the Public Sector Banks and Regional Rural Banks of India were also suggested, to bring within their fold, a minimum of 250 rural household accounts at every branch every year. The Indira Awas Yojana was brought under the ambit of Public Sector Banks. Loan limit up to Rs 20,000 per unit at 4% disport was fixed under differential rate of interest (DRI) scheme. The Finance Minister also advised the Indian PSU Banks to open 288 branches in minority districts of India. Further, he also asked the Indian banking industry to embrace total financial inclusion. In another landmark decision, the Finance Minister, Mr. P. Chidambaram said that the Ex-banking servicemen in India would be offered employment opportunities in the banking sector. Another major announcement was that, the much talked-about Banking Cash Transaction Tax (BCTT) would be withdrawn from the fin ancial year 2009-2010. Experts believe the impact of the decisions and policies taken during the Union Budget of India 2008-2009 on the Indian Banking sector would be mixed. It is expected that the Indian PSU banks will face pressure on their net interest margins due to the waiving-off of agricultural loans. Further, the cumulative cost that will be incurred for opening up of new Regional Rural Banks in India may substantially increase the operating cost for the banks. The inclusion of the Indira Awas Yojana houses under the differential rate of interest scheme and at 4% interest will increase the proportion of sub-PLR lending for the concerned banks. The major Public Sector Banks of India like the State Bank of India, Bank of Baroda, Punjab National Bank may see their net interest margins shrinking till the subsidy for waiver of agricultural loans is being completely released. Moreover, experts are skeptical about the long term benefit of such agricultural loan waiver as offered through the Union Budget of India 2008-2009. The Development Credit Bank, a private sector lender has launched its credit card business called DCB Advantage Card on 4th March 2008. The Bank has tied up with ICICI Bank in order to extract the best skills out of it as well as to utilize its experience for a successful execution of the task. The credit card business launched by the Development Credit Bank is available to all its potential customers all across India. The credit card holders of DCB will savor a wide