DCB launches Loan Fest'07

Mumbai, January 12, 2007: Development Credit Bank (DCB), one of the emerging private sector banks in India, has announced 'DCB Loan Fest'07' from January 1, 2007 to January 31, 2007 in all the 72 branches of DCB across India. The Loan Fest has received encouraging response.

The DCB Loan Fest 07 offers various types of loans such as easy business loans, working capital loans, loans for commercial vehicle and construciton equipments and consumer loans such as personal loans, car and 2 wheeler loans. Gold Loan is available in selected branches.

The Loan Fest with innovative features presents host of benefits to its valued customers. Prominent amongst them are attractive interest rates and simple documentation. E very product is tagged with a service guarantee on approval and disbursal. The key highlight of the Loan Fest is speedy processing.

Mr. Gautam Vir, Managing Director and CEO, DCB said, " Our plan to launch this unique first-of-its kind DCB Loan Fest 07 in India is in line with our aggressive retail growth strategy that will help us to become a significant player in the retail market. This will help us to reach out to our target customers on a large scale. It is an innovative idea conceptualized to meet the needs and requirements of our customers. It is our endeavour to exceed our customer expectations in terms of value proposition and service guarantee."

Mr. P. N. Vasudevan, Head Consumer Banking Group said, "DCB Loan Fest 07 will aim to enhance DCB's visibility and presence in retail market and will help in the speedy acquisition of market share among mass and mass affluent segments. DCB is a customer-oriented Bank, and we will continue to bring such value adds and innovations that will allow our customers to 'feel the difference'.

The DCB Loan Fest 07 is not restricted to DCB's current customers but is open to whoever wants to avail of the various loans. DCB is offering a concession in processing charges if loans not disbursed within the mentioned time limit and even further reduction in rate of Interest if loan not disbursed in time. Customers can take advantage of the concessional interest rates on loan products. The loans will be sanctioned on the spot if the applicants can produce required documents. For more information on DCB Loan Fest 07 please log onto www.dcbl.com

About DCB:

DCB is a private sector bank in India having access to over 11,000 ATMs and 72 state-of-the-art branches and extension counters spread over nine States and two Union Territories . As of 31 March 2006 , DCB's deposit base was Rs. 3124 crores and the advances were over Rs. 1867 crores.

The Bank has recently launched several value added initiatives and intends to become one of the country's preferred and profitable financial institutions , providing a comprehensive suite of "best in class" products for specific market segments in chosen geographies . DCB has initiated a liability and select asset product led strategy, through a mix of owned and outsourced products and multi-channel capabilit ies.