DCB Bank Ltd invests in equity of India INX and India ICC

Mumbai: DCB Bank Limited, a new generation private sector bank announced that it has acquired an equity stake in two companies based at Gift City IFSC at Gandhinagar.

The Bank has invested a sum of Rs. 5 Crore representing approximately 2.89% of the post-paid up capital of India International Exchange (IFSC) Limited (India INX).

 

The Bank has also invested a sum of Rs.5 Crore representing approximately 4.93% of post-paid up capital of India International Clearing Corporation (IFSC) Limited (India ICC). India INX and India ICC are promoted by BSE Limited (BSE) and are the leading exchange and clearing corporations in the GIFT City IFSC at Gandhinagar. They are unlisted companies and are subsidiaries of BSE. India INX is India’s first exchange in International Finance Services Centre (IFSC). India ICC provides clearing & settlement and risk management services to India INX. Both companies are regulated by the IFSC Authority.

 

About DCB Bank

DCB Bank is a new generation private sector bank with 347 branches across 18 states and 2 union territories. It is a scheduled commercial bank regulated by the Reserve Bank of India. It is professionally managed and governed. DCB Bank has contemporary technology and infrastructure including state of the art internet banking and mobile banking for personal as well as business banking customers.

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