RBI permits DCB to open 10 new branches

Private sector lender Development Credit Bank (DCB) today said the Reserve Bank of India (RBI) has permitted it to open 10 new branches.

The bank already has 80 branches spread over 17 states and Union Territories while it is in the process of setting up branches in Surat and Bharuch districts in Gujarat, it said in a release issued here without disclosing where it intends to locate the ten new branches.