DCB launches scheme for affluent students

Private sector lender Development Credit Bank Ltd. said it plans to raise 300 million rupees in July-September quarter from student accounts.

NEW DELHI: Private sector lender Development Credit Bank Ltd. said it plans to raise 300 million rupees in July-September quarter from student accounts.

The bank aims to open 10,000 such accounts, each with a minimum deposit of 30,000 rupees, this year, Managing Director and Chief Executive Officer Gautam Vir said.

The bank is launching X-Gen, a product aimed at affluent students, in four cities on trial basis.
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Business News › Industry › Banking/Finance › Banking › DCB launches scheme for affluent students
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