DCB Bank opens 50th branch in Odisha

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Bhubaneswar: Private sector DCB Bank has opened its 50th branch in Odisha – at Chandrasekharpur, Bhubaneswar.

The new branch – a part of DCB Bank’s strategic expansion in Odisha – will offer customers a range of retail banking services such as savings and current accounts (CASA), Fixed Deposits (FD), and various loan products. It will provide a variety of loans to farmers, agri, micro and small businesses, local artisans such as Patachittra artists, Small Road Transport Operator (SRTO) and individuals. The branch will also disburse loans for tractors, high-tech farming, educational institutions, retail small ticket micro finance loans and Kisan Credit Card to farmers, in addition to loans against gold and loans to MSMEs.

The Bank has financed construction projects particularly focused towards affordable housing. DCB Bank also simultaneously opened branches today at Junagarh in Kalahandi district, Khariar in Nuapada district and Padampur in Bargarh district of the State.

Since establishing its first branch in Bargarh in the State, in 2012, the Bank has disbursed gold and tractor loans, commercial vehicle loan, micro business loan to customers. At present, DCB Bank serves more than 100,000 customers across 46 branches in Odisha. The new branches at Chandrasekharpur and in other locations will further expand its business operations and customer base.

“DCB Bank is delighted to open its 50th branch in Odisha, a significant milestone not just for the Bank but for the state. DCB Bank has been closely associated with the economic development of the state and the financial inclusion of its people. The new branch at Chandrasekharpur will serve individuals as well as small and mid-size, agri and retail business, and help them to grow and flourish. DCB Bank looks forward to expanding its network throughout Odisha and providing its services across a diverse customer base” DCB Bank Head of Agri and Inclusive Banking, Narendranath Mishra said.

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