DCB Bank

Ref. No.
CO:CS:RC:2022-23:046 May 30, 2022
BSE Limited National Stock Exchange of India Limited

Listing Department, Listing Department,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1,
1st floor Dalal Street. G Block Bandra – Kurla Complex,
Mumbai 400 001 Bandra (East), Mumbai 400 051
Scrip Code: 532772 NSE Symbol: DCBBANK
Dear Sirs/Madam,
Sub: 27th Annual General Meeting - Submission of Annual Report 2021-22 and Intimation of the
Record Date (Cut-off Date)
This is to inform that the Twenty-Sixth Annual General Meeting (“AGM”) of the Bank will be held on
Wednesday, June 22, 2022 at 2.30 p.m. (IST) via Video Conferencing (“VC”)/ Other Audio Visual
Means (“OAVM”).
Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we are submitting herewith
copy of the Annual Report of the Bank including Notice of the AGM for the financial year ended March
31, 2022 which is being sent to all the Members of the Bank whose E-mail Ids are registered with the
Bank / Depositories, through electronic mode, as per the relevant Circulars by MCA and SEBI.
Pursuant to Regulation 42 of the SEBI Listing Regulations, the Bank has fixed June 15, 2022 as the
Record Date for reckoning the voting entitlement of the Members as well as for determining eligibility of
members entitled to receive the dividend on equity shares for FY 2021-22, subject to approval of
Shareholders at the ensuing AGM scheduled on June 22, 2022.
Please take on record the above in compliance with Regulation 34, 42 and other applicable Regulations,
if any, of the SEBI Listing Regulations.
Thanking you,
Yours faithfully,
For DCB Bank Limited
RUBI Digitally signed by RUBI
CHATURVEDI
CHATURVEDI Date: 2022.05.30 18:26:17

+05'30'
Rubi Chaturvedi
Company Secretary &
Compliance Officer
Encl:
1) Notice of the 27th Annual General Meeting scheduled on June 22, 2022
2) Copy of the Annual Report FY 2021-22
DCB Bank Limited

Corporate & Registered Office: 6th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013
CIN: L99999MH1995PLC089008 Tel: +91 22 66187000 Fax: +91 22 66589970 Website: www.dcbbank.com
Resilience and
inherent strength
DCB Bank Limited
Annual Report FY 2021-22
DCB Bank Limited
CONTENTS
Company
Information 01 Auditors’
Report 90
Chairperson’s
Statement 02 Balance
Sheet 98
04 99
Corporate Social Profit & Loss
Responsibility Account
Initiatives
Notice to
Members 08 Cash Flow
Statement 100
Directors’
Report 26 Schedules
102
Corporate
Governance 59 Basel III
165
DCB Bank Vision

Our vision is to be the most innovative and responsive neighbourhood Bank
in India serving entrepreneurs, individuals and businesses.
DCB Bank Values

Treat Everyone with Dignity – Respect | Do What is Right – Ethical | Be Open & Transparent – Fair
Sense of Urgency, Passion & Energy – Dynamic | Go the Extra Mile, Find Solutions – Stretch
Improve Continuously – Excellence | Play as a Team, To Win – Teamwork | Support the Society – Contribute
2 | Annual Report 2021-22

Corporate Overview Management Reports Financial Statements
COMPANY
INFORMATION
Board of Directors Senior Management Team Mr. Manoj Joshi
Mr. Venkattesh R. Chief Compliance Officer & Chief of
Mr. Nasser Munjee, Internal Vigilance
Chairperson President and Head – IT, HR,
Operations & Chief Information Ms. Meghana Rao
(till August 18, 2021)
Officer (CIO) Head – Branch Operations
Mr. Bharat Sampat Mr. Murali Mohan Rao Manduva
Ms. Rupa Devi Singh,
Chairperson President and Chief Financial Officer Chief Technology Officer
(w.e.f. January 14, 2022 Mr. Praveen Kutty Mr. Narendranath Mishra
subject to approval of President and Head – Retail Banking Head – Agri & Inclusive Banking
RBI and thereafter the Mr. Sridhar Seshadri Mr. N. C. Kaushal
Shareholders)
President and Chief Risk Officer Business Head – Digital Banking
Mr. Abhijit Bose Mr. Pankaj Sood
Mr. Murali M. Natrajan,
MD & CEO President and Chief Credit Officer Head – Branch Banking-Retail
Mr. J.K. Vishwanath Mr. Ravi Kumar Vadlamani
Mr. Ashok Barat President and Head–Corporate and Head-Operations & Key Projects
SME Banking
Mr. Satish Gundewar
Mr. Amyn Jassani Deputy Chief Financial Officer
Company Secretary Mr. Sukesh Bhowal
Mr. Iqbal Khan Ms. Rubi Chaturvedi Head – Mortgages & Gold Loans
Mr. Sumit Manchanda
Mr. Rafiq Somani Functional Management Head – Credit
Heads Ms. T.P. Anuradha
Mr. Shabbir Merchant
Mr. Ajay Mathur
Chief Internal Auditor
Head – Collections & Commercial
Mr. Shaffiq Dharamshi
Vehicles
Joint Statutory auditors:
Mr. Ajit Singh
Mr. Somasundaram PR S. R. Batliboi & Associates, LLP,
Head Treasury and Financial
Chartered Accountants
Institutions Group
Mr. Tarun Balram (Registration No. 101049W /
Mr. Bappa Roy
(w.e.f. January 24, 2022) E300004)
Product Head – Retail Liability and TPD
M/s Sundaram & Srinivasan,
Mr. Thiyagarajan Kumar Mr. Damodar Agarwal Chartered Accountants
(w.e.f. February 10, 2022) Head – Strategic Initiatives and (ICAI Registration No. 004207S)
Alternate Channels
Mr. Gaurav Mehta
Registered office
Head – Marketing, Public Relations DCB Bank Limited
(PR) & Corporate Communications &
601 & 602, Peninsula Business Park
Investor Relations
6th Floor, Tower A,
Mr. K. K. Pandey
Senapati Bapat Marg
Head – Channel Sales & Emerging
Lower Parel, Mumbai-400013
Markets
Mr. Krishna Ramasankaran
Head – Credit, Retail & Small &
Medium Enterprises (SME)
Annual Report 2021-22 | 1

DCB Bank Limited
CHAIRPERSON’S
STATEMENT
As FY 2021 was coming to end, the of targeting self-employed /
country was once again hit by an small business owners. Pandemic
unprecedented and severe Covid-19 disruptions and lockdowns affected
second wave. The infrastructure the self-employed segment much
facilities of the country were more than the salaried segment.
stretched beyond limits. Despite Consequently, the NPAs and
tremendous efforts taken by both restructured loan book increased
the Central and State Governments, sharply for the Bank in Q1 FY 2022.
unfortunately, a lot of people got Also, new loan demand was limited
infected, and many lost their lives. due to lack of opportunities in
To curtail the spread of infections, the self-employed category. This
lockdowns and disruptions were resulted in stagnation of the loan
inevitable which resulted in the book for the first few months
economy and livelihood getting of FY 2022. During this difficult
impacted especially for the shops, period, the Bank’s focus was on
small businesses and self-employed. helping customers within the
The Central Government and the regulatory framework and managing
Reserve Bank of India took timely collections and recoveries. Towards
steps to help the borrowers and the end of Q2 FY 2022, the situation
support the economy. It was indeed started to improve, and the Bank
a very difficult situation for the started re-building its Balance
country and banks. Sheet while continuing to intensely
manage NPAs.
As you know, your Bank has been
consistently following the strategy Looking at the collections,
recoveries, and new business in the
last few months of FY 2022, there
are clear signs that the economy
is recovering from the impact of
pandemic and our country’s self-
employed segment is once again
demonstrating resilience.
There are clear signs that the
economy is recovering from I am very happy to share with you
that in comparison to the previous
the impact of pandemic and year, although effectively we had
our country’s self-employed business opportunities only for
three quarters in FY 2022, the Bank
segment is once again achieved Advances growth of 13%,
Deposits growth of 17%, CASA ratio
demonstrating resilience. of 26.8% and Balance Sheet growth
of 13%. Under these unusual and

unanticipated external conditions, the 400th branch. The milestone branch is

Bank’s NPAs and restructured loan book located at the bustling historic Azadpur
remained within acceptable limits. The Mandi at Delhi/NCR. This location has
Bank has made conservative loan loss a huge potential for the Bank’s self-
provisions and the Provision coverage employed / small businesses target
stood at 67.84% as on March 31, 2022. market. Over the next few years, we
expect the Bank to continue to build
Since 2009, the Bank has been targeting its branch network across the chosen
the self-employed segment. The Bank’s geographies.
portfolio is largely small ticket secured
lending. Although NPAs and restructure India has a large resilient diversified
increased due to Covid-19, the Bank was economy. It has withstood the
able to absorb additional credit loss onslaught of Covid-19 and I am
provisions because of strong Operating confident that despite recent geo-
Profit. political disturbances, Indian economy
will perform well in the coming years
The Bank’s capital position remained giving opportunities for our Bank to
strong at Tier I of 15.84% and overall, continuously increase its customer base
18.92%. and build a robust business.
As we emerge from effectively dealing I am delighted to be given charge as

with the massive headwinds of Covid-19, Chairperson of the Bank by the Board of
the Bank is in a good position to meet Directors. I am excited to be part of this
its growth ambition in the coming years. journey. I am looking forward to working
I have been part of the Bank’s Board with the Board and the Management
since 2015 and I can say that building an Team to guide the Bank in the coming
institution requires sensible leadership, months.
culture, dedicated team, and strong
governance. The process of institution
building is gradual, painstaking, demands
tremendous energy and patience, take Rupa Devi Singh
appropriate measured risks within the
risk appetite, customer orientation
Chairperson (subject to approval
and agility to deal with a dynamic
of Reserve Bank of India and the
/ challenging environment. We are
Shareholders)
confident we have the ingredients for
continuing to build a strong institution.
May 07, 2022
At the time of writing this, I am delighted
to share with you that recently I had the
privilege of inaugurating DCB Bank’s

DCB Bank Limited
Corporate Social Responsibility Initiatives
Citizen volunteers participating in tree plantation to create mini urban forest, Coimbatore, Tamil Nadu
Urban micro forest for Mumbai wins a special commendation at the Developing nurseries by Irula community for
CSR Journal Excellence Awards. Miyawaki plantation was recognised reclamation of waste & degraded land into forest,
for 10,000 saplings that are home for biodiversity, Maharashtra Viluppuram, Tamil Nadu
India’s first nature trail mobile app for information,

Ecosystem restoration through Miyawaki urban forest communication & education on biodiversity, Karnala Bird
plantation, Ghazipur, Delhi Sanctuary, Maharashtra
Miyawaki Urban Forest, a home for birds,

butterflies and insects, incresing the soil fertility
Jal Sanrakshan II, aerial view of water harvesting structure filled with and ground water table at INS Hamla, Mumbai,
water to support sustainable farming, Aurangabad, Maharashtra Maharashtra

Jal Sanrakshan, recharge shaft for groundwater development Jal Sanrakshan, village development committee meeting
for sustainable farming at Nidhona village, Aurangabad, for water usage and farming techniques, Aurangabad,
Maharashtra Maharashtra
Development of tree sapling nurseries by the rural community to

offset land degradation, improve ground water table & increase
carbon sequestration potential, East Singhbhum, Jharkhand
Tree plantation for sustainable livelihood, generating income for marginalized families & protecting the land from natural
calamities like cyclones, South 24 Parganas, West Bengal
Tree plantation & biodiversity by community volunteers at Taloja

watershed, Kharghar, Maharashtra

DCB Bank Limited
Waste management through bio-digesters. Using cattle waste to Waste management, bio-digesters also produce blac
provide biogas to rural homes. Hence reducing smoke pollution, fertilizer for farmers. Sustainable farming reduces both,
methane & dependency on firewood, Adilabad,Telangana fertilizers & emission of greenhouse gases, Adilabad, Te
Water conservation through rainwater recharge wells, Tree plantation to control soil erosion, enhance urban
Bengaluru, Karnataka biodiversity & absorbs rainwater, Kolkata, West Bengal
Young ambassadors of hope, learning and helping in reviving nature by taking part in tree plantation competition, South
24 Parganas, West Bengal
Waterless Urinals that helps in saving the fresh water

and which helps in controlling the odor in the restroom,
Vishakapatanam, Andhra Pradesh

ck gold…organic
, use of synthetic
Telangana Urban plantation of indigenous trees with citizen volunteers, Chennai
Trees for sustainable livelihood, to generate income & decrease

the dependency of the rural community on forest resources,
thus reducing man animal conflict, East Singhbhum, Jharkhand
Water harvesting structures for livelihood improvement Beekeeping training program for women self help group
by double cropping & cash crops, Ghodabara, Odisha for sustainable livelihood, Cuttack, Odisha
Review of plantation done for restoration of forest

lanscape through Assisted Natural Regeneration, Sanjay Habitat restoration & tree plantation by DCB Social
Gandhi National Park, Mumbai, Maharashtra volunteers, Ambivali Biodiversity Park, Maharashtra

DCB Bank Limited
NOTICE TO MEMBERS
NOTICE is hereby given that the Twenty Seventh Annual between the Bank and the said Joint Statutory
General Meeting (“the AGM”) of the Members of DCB Auditors, depending upon their respective scope
BANK LIMITED (“the Bank”) will be held on Wednesday, of work, and additionally out of pocket expenses,
June 22, 2022 at 2.30 p.m. (IST) via Video Conferencing outlays and taxes as applicable including
(VC) or Other Audio Visual Means (OAVM) to transact certifications, reporting on internal financial
the following: controls, of the Bank’s accounts at its head office,
branches and other offices, for such remuneration
Ordinary Business: and expenses thereafter as may be mutually agreed
1. To receive, consider and adopt the audited Financial between the Bank and the said Statutory Auditors
Statements of the Bank for the Financial Year ended and as may be further approved by the Board from
March 31, 2022 together with the Reports of the time to time, with power to the Board, including
Auditors and the Board of Directors thereon. relevant Committee(s) thereof, to alter and vary the
terms and conditions of appointment, etc., including
2. To declare dividend of `1.00 per Equity Share of by reason of necessity on account of conditions
`10/- each, for the Financial Year ended March 31, as may be stipulated by RBI and / or any other
2022. authority, in such manner and to such extent as may
3. To appoint a Director in place of Mr. Iqbal Khan be mutually agreed with the Statutory Auditors.”
(DIN-07870063), who retires by rotation and being Special Business:
eligible, offers himself for re-appointment.
5. Raising of funds by issue of bonds/‘debentures’/
4. To consider and, if thought fit, to pass the following securities on private placement basis
Resolution as an Ordinary Resolution
To consider and if thought fit, to pass the following
“RESOLVED THAT pursuant to the provisions of Resolution as Special Resolution
Section 139, 142 and other applicable provisions,
“RESOLVED THAT pursuant to Section 42
if any, of the Companies Act, 2013 (“the Act”)
and other applicable provisions, if any, of the
read with the Companies (Audit and Auditors)
Companies Act, 2013, as amended, and the rules
Rules, 2014 and other applicable rules, if any and
made there under, Companies (Prospectus and
the provisions of the Banking Regulation Act,
Allotment of Securities) Rules, 2014, Securities and
1949 (including any statutory modification(s) or
Exchange Board of India (Issue and Listing of Non-
re-enactment(s) thereof for the time being in force)
Convertible Securities) Regulations, 2021. including
and the rules, guidelines and circulars issued by the
any amendment, the applicable provisions of the
Reserve Bank of India (“RBI”), from time to time and
Banking Regulation Act, 1949, as amended, and the
in terms of their confirmation with regard to their
rules, circulars and guidelines issued by the Reserve
eligibility to be appointed as Statutory Auditors
Bank of India (“RBI”) from time to time (including
pursuant to Section 141 of the Companies Act, 2013
any statutory amendment(s) or modification(s)
and applicable rules and subject to approval of RBI,
or re-enactment(s) thereof for the time being in
Members of the Bank do hereby appoint M/s S R
force) and all other relevant provisions of applicable
Batliboi & Associates LLP, Chartered Accountants
law(s), the provisions of the Memorandum and
(Registration No.101049W/E300004) together
Articles of Association of the Bank and subject to
with M/s Sundaram & Srinivasan, Chartered
such other approval(s), consent(s), permission(s)
Accountants, (ICAI Registration No. 004207S)
and sanction(s) as may be necessary from the
for a period of one (1) years as Joint Statutory
concerned statutory authority(ies) including RBI,
Central Auditors of the Bank from the conclusion of
the approval of the Members of the Bank be and
27th AGM till the conclusion of 28th AGM, at overall
is hereby accorded to the Board of Directors of the
audit fees of ` 1.45 Crore (Rupees One Crore Forty
Bank (hereinafter referred to as “Board” and which
Five Lakh Only) plus out of pocket expenses for
term shall be deemed to include any Committee of
FY 2022-23, to be allocated by the Bank between
the Board or any other persons to whom powers
M/s S R Batliboi & Associates LLP Chartered
are delegated by the Board as permitted under
Accountants and M/s Sundaram & Srinivasan,
the Companies Act, 2013) for borrowing/raising
Chartered Accountants as may be mutually agreed
of funds in Indian/foreign currency by issue of

debt securities including but not limited to non- applicable provisions, if any, of the Companies
convertible debentures and bonds (including Act, 2013 and Rules made thereunder, including
bonds forming part of Tier I Capital/Tier II Capital any statutory modification or re-enactment
in accordance with and subject to the terms thereof for the time being in force (“the Act”), the
and conditions specified in the Basel Ill Capital applicable provisions of the Foreign Exchange
Regulations prescribed by the RBI, long terms Management Act, 1999 (“FEMA”), the Securities
infrastructure bonds or such other bonds as may be and Exchange Board of India (Issue of Capital
permitted by the RBI from time to time) in domestic and Disclosure Requirements) Regulations, 2018
and/ or overseas market, on a private placement (“ICDR Regulation”), the SEBI (Listing Obligations
basis and/ or for making offers and /or invitations and Disclosure Requirements) Regulations, 2015,
therefor and /or issue(s)/issuances therefor, on as amended (“Listing Regulations”) read with the
private placement basis, for a period of one year Listing Agreement entered into by the Bank with
from the date hereof, in one or more tranches and the stock exchanges (“Listing Agreement”), the
/or series and under one or more shelf disclosure Foreign Exchange Management (Transfer or Issue
documents and/or one or more letters of offer of Security by a Person Resident outside India)
and on such terms and conditions for each series Regulations, 2017, as amended from time to time
/ tranches including the price, coupon, premium, and in accordance with applicable rules, regulations,
discount, tenor etc. as deemed fit by the Board, as guidelines, circulars and clarifications issued by
per the structure and within the limits permitted by Government of India (“GOI”), Reserve Bank of India
the RBI, of an amount not exceeding `500 crore (“RBI”), Securities and Exchange Board of India
(Rupees Five Hundred Crore), in aggregate for (“SEBI”) and/ or any other competent authorities
additional Tier I and Tier II Capital within the overall and subject to (a) any other applicable laws, rules
borrowing limits of the Bank, as approved by the and regulations (including any amendment thereto
Members from time to time. or re-enactment thereof for the time being in
force), (b) the enabling provisions of the Bank’s
RESOLVED FURTHER THAT the Board of Directors
Memorandum and Articles of Association, (c) any
of the Bank or any Committee of the Board or such
approval, consent, permission or sanction of SEBI
other persons as may be authorized by the Board
and/or RBI and/ or Ministry of Finance (Department
or Committee of the Board, be and are hereby
of Economic Affairs), as applicable or relevant
authorized to negotiate, modify and finalize the
Ministry approving foreign investment, as applicable
terms and conditions of the debt securities and sign
and required, approvals, consents, permissions or
the relevant documents/ agreements in connection
sanctions of other concerned authorities, within or
with the private placement of the debt securities,
outside India, and (d) such terms, conditions and
including without limitation, the private placement
modifications as may be prescribed by any of them
offer letter (along with the application form),
while granting such approvals, consent permissions
information memorandum, disclosure documents,
or sanctions and which may be agreed to by the
debenture subscription agreement, debenture trust
Board of Directors of the Bank (hereinafter referred
deed and any other documents as may be required,
to as “the Board” which term shall include any
in connection with the offering(s), issuance(s)
Committee constituted by the Board), consent of
and/ or allotment(s) on private placement of debt
the Members of Bank be and is hereby granted to
securities by the Bank and to further delegate the
the Board to create, offer, issue and allot in one or
above powers to any Committee of Directors or
more tranches by way of a qualified institutions
any officers of the Bank to act on their behalf as
placement under Chapter VI of ICDR Regulations,
they may deem fit and to do all such other acts and
such number of Equity Shares to Qualified
things and to execute all such documents as may be
Institutional Buyers as defined under Chapter VI
necessary for giving effect to this Resolution”.
of ICDR Regulations, whether they be holders of
6. Issue of equity shares / other securities convertible the shares of the Bank or not (collectively called
into equity shares (“Securities”) through qualified “the Investors”) as may be decided by the Board in
institutions placement their discretion and permitted under the applicable
laws and regulations, for an aggregate amount not
To consider and if thought fit, to pass, the following
exceeding `500 crore (Rupees Five Hundred Crore
Resolution as Special Resolution
only), inclusive of such premium as may be fixed
“RESOLVED THAT pursuant to sections 42 and on the equity shares at such time or times, at such
62(1)(c) of the Companies Act, 2013 and other price or prices, at a discount or premium to market

DCB Bank Limited
price or prices in such manner and on such terms any, execution of various transaction documents,
and conditions, as may be deemed appropriate by fixing record date, listings on one or more Stock
the Board at its absolute discretion considering the Exchanges in India, appointing intermediaries,
prevailing market conditions and other relevant entering into arrangements for managing,
factors and wherever necessary in consultation underwriting, marketing, listing and trading, to issue
with lead manager(s) and/or underwriter(s) and/ or offer documents and to sign all deeds, documents
other advisor(s) as the Board may in its absolute and writings and to pay any fees, commissions,
discretion deem fit or appropriate in accordance remuneration, expenses relating thereto and for
with all applicable laws, rules and regulations for the other related matters and with power on behalf of
time being in force in this regard (the “Issue”). the Bank as it may in its absolute discretion deem fit
and to settle all questions, difficulties or doubts that
RESOLVED FURTHER THAT the Equity Shares to
may arise in regard to the Issue, offer or allotment of
be offered, issued and allotted in pursuance of this
equity shares and utilization of the issue proceeds
Resolution shall be subject to the provisions of the
as it may in its absolute discretion deem fit without
Bank’s Memorandum and Articles of Association
being required to seek any further consent or
and the same shall rank pari passu with the existing
approval of the Members or otherwise to the end
Equity Shares of the Bank;
and intent that the Members shall be deemed to
RESOLVED FURTHER THAT the Equity Shares to have given their approval thereto expressly by the
be issued shall be listed with the stock exchanges, authority of this Resolution.
where the existing Equity Shares of the Bank are
RESOLVED FURTHER THAT the Board be
listed;
and is hereby authorised to further delegate
RESOLVED FURTHER THAT the relevant date for all or any of the powers in aforesaid matters
determination of price of Equity Shares to be issued to the officials of the Bank, in such manners
by way of the proposed issues shall be the date of as the Board may in its absolute discretion
the meeting at which the Board decides to open the deem fit.”
proposed issue of Equity Shares, or such other date
7.
Re-appointment of Mr. Murali M. Natrajan, (DIN
as may be permitted under ICDR Regulations from
00061194) as the Managing Director and CEO of
time to time;
the Bank
RESOLVED FURTHER THAT the pricing shall be To consider and if thought fit, to pass the following
determined in compliance with principles and Resolution as Ordinary Resolution
provisions set out in the Regulation 176 of Chapter
VI of the ICDR Regulations and the Board may offer “RESOLVED THAT pursuant to the applicable
a discount of not more than 5% (five per cent) on the provisions of the Companies Act, 2013 and rules
price calculated for the QIP or such other discount made thereunder, approval accorded by the
as may be permitted under said ICDR Regulations; Reserve Bank of India vide its letter No.DoR.Gov.
No.S4841/29.03.001/2021-22 dated March 30,
RESOLVED FURTHER THAT the allotment of 2022 (hereinafter referred to as RBI Approval),
equity shares shall be completed within a period of Section 10-A and other applicable provisions of
365 days from the date of this Resolution approving the Banking Regulations Act, 1949 (including any
the proposed issue or such other time as may be statutory modification(s) or re-enactment thereof
permitted under ICDR Regulations from time to for the time being in force) and the Rules, Circulars
time. and Guidelines issued by the Reserve Bank of India
RESOLVED FURTHER THAT for the purpose of (RBI) and other concerned authorities or bodies
giving effect to the above Resolutions, the Board and subject to the conditions as may be prescribed
or its appointed delegates/committees be and is by any of them while granting such approvals,
hereby authorized to do all such acts, deeds, matters the Members of the Bank do hereby approve the
and things including but not limited to finalization re-appointment of Mr. Murali M. Natrajan (DIN-
and approval for the draft as well as the final offer 00061194) as the Managing Director & CEO of the
document(s), determining the form, proportion and Bank for a period of two year(s) from April 29, 2022
manner of the issue, including the class of investors to April 28, 2024 (both days inclusive).
to whom the equity shares are to be issued and RESOLVED FURTHER THAT pursuant to Section
allotted, number of Equity Shares to be allotted, 197 read with Schedule V of the Companies Act,
issue price, premium/ discount amount on issue, if

2013 and the Companies (Appointment and to as “MCA Circulars”) holding of the Annual
Remuneration of Managerial Personnel) Rules, 2014, General Meetings (AGM) or other general meetings
and any other applicable rules, applicable provisions of the companies are permitted through video
of the Banking Regulation Act, 1949 (including any conferencing (VC) or other audio visual means
statutory modification(s) or re-enactment thereof (OAVM) till December 31, 2022, without the physical
for the time being in force) and subject to approval presence of the Members at a common venue. In
from the Reserve Bank of India in this regard, compliance with the provisions of the Companies
approval of the Members be and is hereby given, Act, 2013 (“Act”), SEBI (Listing Obligations and
to authorize the Nomination and Remuneration Disclosure Requirements) Regulations, 2015 (“SEBI
Committee of the Board to recommend and the Listing Regulations”) and MCA Circulars, the Twenty
Board of Directors of the Bank to decide on the Seventh AGM (the AGM) of the Bank is being held
annual increase in the remuneration, including through VC / OAVM). Hence, Members can attend
bonus, up to 15% of the previous year’s annual and participate in the ensuing AGM through VC/
remuneration including bonus paid, if any, during OAVM only.
that year.
2) The Members can join the AGM in the VC/OAVM
RESOLVED FURTHER THAT any member of the mode 15 minutes before and after the scheduled
Board and Mr. R Venkattesh, President and Head–IT, time of the commencement of the Meeting by
HR, Operations & CIO be and are hereby authorised following the procedure mentioned in the Notice.
severally to do all such acts, deeds, matters and The facility of participation at the AGM through
things and to execute any agreements, documents, VC/OAVM will be made available to at least 1000
instruments and writings as may be required, with Members on first come first served basis. This will
power to settle all questions, difficulties or doubts not include large Members (Members holding 2%
that may arise in regard to the said re-appointment or more shareholding), Promoters, Institutional
as it may in its sole discretion deem fit and to Investors, Directors, Key Managerial Personnel, the
delegate all or any of its powers conferred herein to Chairpersons of the Audit Committee, Nomination
any Director(s) and / or officer(s) of the Bank to give and Remuneration Committee and Stakeholders
effect to this Resolution.” Relationship Committee, Auditors etc. who are
allowed to attend the AGM without restriction on
Place: Mumbai By Order of the Board of Directors
account of first come first served basis.
Date: May 7, 2022 DCB Bank Limited
3) The attendance of the Members attending the AGM
Rubi Chaturvedi through VC/OAVM will be counted for the purpose
Company Secretary of ascertaining the quorum under Section 103 of the
Companies Act, 2013.
Registered Office:
CIN:L99999MH1995PLC089008 Pursuant to MCA Circular No. 14/2020 dated April
Peninsula Business Park, 08, 2020, SEBI Circular dated May 12, 2020 and
6th floor, 601 & 602, Tower A, January 15, 2021, the facility to appoint proxy to
Senapati Bapat Marg, attend AGM and cast vote for the Members is not
Lower Parel, Mumbai 400 013. available for this AGM and therefore the Proxy Form
Website: www.dcbbank.com and Attendance Slip are not annexed to this Notice.
e-mail: [email protected] However, in pursuance of Section 112 and Section
113 of the Companies Act, 2013, representatives of
NOTES: the Members such as the President of India or the
1) In view of the continuing global Covid-19 pandemic, Governor of a State or body corporate can attend
as per the guidelines issued by the Ministry of the AGM through VC/OAVM and cast their votes
Corporate Affairs (MCA) vide Circular No. 14/2020 through e-Voting.
dated April 8, 2020, Circular No.17/2020 dated 4) In line with the MCA Circulars No. 17/2020 dated
April 13, 2020, Circular No. 20/2020 dated May 05, April 13, 2020 and SEBI Circular dated May 12, 2020,
2020, Circular No. 02/2021 dated January 13, 2021, Notice of the 27th AGM along with the Annual
Circular No.11/2021 dated January 15, 2021, Circular Report 2021-22 is being sent only through electronic
No. 19/2021 dated December 8, 2021, Circular No. mode to those Members whose email addresses are
21/2021 dated December 14, 2021 and Circular registered with the Bank/ Depositories. Members
No.2/2022 dated May 5, 2022 (collectively referred may note that the Notice and Annual Report 2021-

DCB Bank Limited
22 will also be available on the Bank’s website www. Agent / Bank a communication duly signed by
dcbbank.com, websites of the Stock Exchanges all the holder(s) intimating about the change
i.e. BSE Limited and National Stock Exchange of address, along with the self attested copy of
of India Limited at www.bseindia.com and www. their PAN Card(s), unsigned original’ cancelled
nseindia.com respectively, and on the website of cheque leaf of an active bank account as
CDSL(agency for providing the Remote e-Voting maintained, and copies of the supporting
facility and e-Voting system during the AGM) i.e. documents evidencing the change in address.
www.evotingindia.com. Communication details of R&T agent are as
under:
5) An Explanatory Statement required under Section
102(1) of the Companies Act, 2013 in respect of the Link Intime India Pvt. Ltd,
business at Item Nos. 3 to 7 of the Notice is annexed Unit: DCB Bank Limited
hereto. C-101, 247 Park, L.B.S. Marg,
Vikhroli West, Mumbai – 400083.
6) The relevant details, pursuant to Regulations 26(4)
Tel. No.: 022 49186270
and 36(3) of the SEBI Listing Regulations and
Fax No.: 022 49186060
Secretarial Standard on general meetings issued
by the Institute of Company Secretaries of India 2. In case the Bank is unable to make payment
(ICSI), in respect of Director seeking appointment/ of dividend to any shareholder by the
re-appointment in this AGM is annexed. electronic mode due to non availability of the
details of the Bank Account, the Bank shall
7) The Bank has fixed, Wednesday, June 15, 2022 as
dispatch Dividend Warrant/Pay order to such
the Record Date [Cut-off Date] for the purpose of
shareholders by Post.
the 27th AGM and reckoning entitlement for voting
on the Resolutions contained in this Notice and 3. Members may note that as per the Income Tax
entitlement for dividend, if approved by Member. Act, 1961 (“IT Act”), as amended by the Finance
The remote e-Voting /voting rights of the Members/ Act, 2020, dividends paid or distributed by the
beneficial owners shall be reckoned on the Equity Bank after April 1, 2020 shall be taxable in the
Shares held by them as on June 15, 2022 (the hands of the shareholders and the Bank shall
Cut-off Date) only. be required to deduct tax at source (TDS)
at the prescribed rates from the dividend to
8) Dividend Related Information
be paid to shareholders, subject to approval
1. Dividend as recommended by the Board of of dividend by the shareholders in this AGM.
Directors, if approved at the AGM, shall be The TDS rate would vary depending on the
paid on or before Thursday, July 21, 2022 to residential status of the shareholder and the
the eligible Shareholders. documents submitted by them and accepted
by the Bank. In order to enable the Bank
The Shareholders may kindly note that the
to determine the appropriate TDS rate as
Bank has fixed , Wednesday, June 15, 2022 as
applicable, Members are requested to submit
the Record Date for the purposes of Dividend,
relevant documents, as specified in the below
and all the shareholders whose name appears
paragraphs, in accordance with the provisions
in the Register of Members as at the Record
of the IT Act.
Date would be entitled to Dividend for the
Financial Year 2021-22. a. For Resident Shareholders, TDS is required
to be deducted at the rate of 10% under
Members holding shares in dematerialized form
Section 194 of the Income Tax Act, 1961 on
are requested to intimate before Wednesday,
the amount of dividend declared and paid by
June 15, 2022 any change in their address or
the Bank in FY 2021-22, provided valid PAN is
bank account details (including 9 digits MICR
registered by the Members. If the valid PAN
No., 11 digit IFSC Code No. and Core Banking
is not registered, the TDS is required to be
Account No.) to their respective Depository
deducted at the rate of 20% under Section
Participants with whom they are maintaining
206AA of the Income Tax Act, 1961. However,
their demat accounts.
no tax shall be deducted on the dividend paid
Members holding shares in physical form are to resident individuals if aggregate dividend
requested to send immediately to the R&T distributed or likely to be distributed during the

FY 2021-22 does not exceed `5,000 (Rupees aforementioned details/documents, option is

Five Thousand only). In cases where the available to shareholder to file the return of
Members provide valid Form 15G (for income as per Income Tax Act, 1961 and claim
individuals, with no tax liability on total income an appropriate refund, if eligible.
and income not exceeding the maximum
All communications/ queries in this respect
amount which is not chargeable to tax) or
should be addressed to our RTA, Link Intime
Form 15H (for individual above the age of 60
India Private Limited to its email address:-
years with no tax liability on total income), no
[email protected]
TDS shall be deducted.
c. Nil / lower tax shall be deducted on the dividend
b. Instructions regarding TDS for all Shareholders:
payable to following Resident Shareholders on
The aforementioned forms for tax exemption submission of self-declaration as listed below:
can be downloaded from Link Intime’s website.
i) Insurance companies: Declaration by
The URPL for the same is as under:
shareholder qualifying as Insurer as per
https://www.linkintime.co.in/client-downloads. section 2(7A) of the Insurance Act, 1938
html - On this page select the General tab. along with self-attested copy of PAN Card;
All the forms are available in under the head
ii) Mutual Funds: Declaration by Mutual
“Form 15G/15H/10F”
Fund shareholder eligible for exemption
The aforementioned documents (duly u/s 10(23D) of the Income Tax Act,
completed and signed) are required to be 1961 along with self-attested copies of
uploaded on the url mentioned below: registration documents and PAN Card;
h t t p s : //we b . l i n k i n t i m e .co. i n /f o r m s re g / iii) Alternative Investment Fund (AIF)

submission-of-form-15g-15h.html On this page established in India: Declaration that
the user shall be prompted to select / share the the shareholder is eligible for exemption
following information to register their request. under Section 10(23FBA) of the Act
and that they are established as
a. Select the company (Dropdown)
Category I or Category II AIF under the
b. Folio / DP-Client ID SEBI regulations. Copy of self-attested
registration documents and PAN Card
c. PAN
should be provided.
d. Financial year (Dropdown)
iv) New Pension System Trust: Declaration
e. Form selection along with self-attested copy of documentary
evidence supporting the exemption and self-
f. Document attachment – 1 (PAN)
attested copy of PAN Card.
g. Document attachment – 2 (Forms)
v) Other shareholders: Declaration along
h. Document attachment – 3 (Any other with self-attested copy of documentary
supporting document) evidence supporting the exemption and
self-attested copy of PAN Card.
Please note that the upload of documents
(duly completed and signed) on the website vi) Shareholders who have provided a
of Link Intime India Private Ltd should be done valid certificate issued u/s 197 of the
on or before June 15, 2022 in order to enable Act for lower / Nil Rate of deduction
the Bank to determine and deduct appropriate or an exemption certificate issued by
TDS / Withholding Tax. Incomplete and/or the Income Tax Authorities along with
unsigned forms and declarations will not be Declaration.
considered by the Bank. No communication
vii)
For Non-Resident shareholders,
on the tax determination/ deduction shall be
(including Foreign Portfolio Investors) Tax
considered after June 15, 2022, 6:00 p.m. (IST).
would be withheld in accordance with the
Shareholders may note that in case the tax provisions of Section 195 and 196D of the
on said interim/final dividend is deducted Income Tax Act, 1961 at applicable rates
at a higher rate in absence of receipt of the in force. As per the relevant provisions of

DCB Bank Limited
the Act, the tax shall be withheld @ 20% ix) Accordingly, in order to enable the Bank to
(plus applicable surcharge and cess) on determine the appropriate TDS / withholding
the amount of dividend payable. However, tax rate applicable, we request the Members
as per Section 90 of the Act, a Non- to provide these details and documents as
Resident Shareholder has the option to be mentioned above before June 15, 2022.
governed by the provisions of the Double
x) The Bank shall arrange to email the soft copy
Tax Avoidance Agreement (“DTAA”)
of TDS certificate at the registered E-mail ID of
between India and the Country of Tax
Members after payment of dividend.
Residence of the shareholder, if they are
more beneficial to the shareholder. For Section 206AB of the Income Tax Act, 1961:
this purpose, i.e. to avail the Tax Treaty
Rate of TDS @10% under Section 194 of the Act is
benefits, Non-Resident Shareholders shall
subject to provisions of Section 206AB of Act (effective
have to furnish the following:
from July 01, 2021) which introduces special provisions
a. Self-attested copy of PAN Card, if for TDS in respect of non-filers of Income-Tax Return.
any, allotted by the Indian Income Tax As provided in Section 206AB, Tax is required to be
Authorities; deducted at higher of following rates in case of payments
to specified persons:
b. Self-attested copy of Tax Residency
Certificate (“TRC”) obtained from the - at twice the rate specified in the relevant provision of
Tax Authorities of the country of which the Act; or
the shareholder is resident;
- at twice the rate or rates in force; or
c. Self-Declaration in Form 10F, if all the
- at the rate of 5%.
details required in this form are not
mentioned in the TRC; Where Sections 206AA and 206AB are applicable, i.e.,
the specified person has not submitted the PAN as well
d. Self-Declaration by the non-resident
as not filed the return; tax shall be deducted at the higher
shareholder of meeting Treaty eligibility
of the two rates prescribed in these two Sections.
requirement and satisfying beneficial
ownership requirement. (Non-resident The term ‘specified person’ is defined in sub section (3)
having PE in India would need to comply of Section 206AB who satisfies the following conditions:
with provisions of section 206AB of the IT
• A person who has not filed the Income Tax return for
Act);
two previous years immediately prior to the previous
e. In case of Foreign Institutional Investors year in which tax is required to be deducted, for
and Foreign Portfolio Investors, self- which the time limit of filing of return of income under
attested copy of SEBI Registration section 139(1) of the IT Act has expired; and
Certificate;
• The aggregate of TDS and TCS in his case is ` 50,000
f. In case of Shareholder being tax resident or more in each of these two previous years.
of Singapore, please furnish the letter
The Non-Resident who does not have a permanent
issued by the Competent Authority or
establishment is excluded from the scope of ‘specified
any other evidences demonstrating the
person’.
non-applicability of Article 24 - Limitation
of Relief under India-Singapore Double Members are requested to inform in advance and before
Taxation Avoidance Agreement (DTAA); cut-off date i.e., June 15, 2022 if they are covered under
the definition of ‘specified person’ as provided in section
viii) Please note that the Bank is not obligated to
206AB of the IT Act. The Bank reserves the right to
apply the beneficial DTAA rates at the time
recover any demand raised subsequently on the Bank for
of tax deduction / withholding on dividend
not informing the Bank, or providing wrong information
amounts. Application of beneficial DTAA
about applicability of Section 206AB.
Rate shall depend upon the completeness
and satisfactory review by the Bank, of the Updating of PAN, email address and other details:
documents submitted by Non- Resident
Shareholders holding shares in dematerialized mode,
shareholder.
are requested to update their records such as Tax

Residential Status, Permanent Account Number (PAN), (West), Mumbai – 400 083 and Members holding
registered email addresses, mobile numbers and other shares in dematerialized form should approach their
details with their relevant Depositories through their respective Depository Participants for the same.
Depository Participants. Shareholders holding shares
11) The Securities and Exchange Board of India (SEBI)
in physical mode are requested to furnish details to the
has vide Circular No.SEBI/HO/MIRSD/MIRSD_
Bank’s Registrar and Share Transfer Agent. The Bank
RTAMB/P/CIR/2021/655 dated November 03, 2021
is obligated to deduct tax at source (TDS) based on
has mandated furnishing of PAN, KYC details (i.e.,
the records available with RTA and no request will be
Postal Address with Pin Code, email address, mobile
entertained for revision of TDS return.
number, bank account details) and nomination
Updating of Bank Account details: details by holders of securities. Effective from 1st
January 2022, any service requests or complaints
Members are also requested to submit / update their
received from the Members, is not being processed
bank account details with their Depository Participant
by the Registrar and Transfer Agents (RTA) till the
in case of holding of shares in the electronic form. In
aforesaid details/ documents are provided to RTA
case of shareholding in the physical form, Members are
by the security holders. If any of the above cited
requested to submit a scanned copy of a duly signed
documents/ details are not available on or after
covering letter, along with a cancelled cheque leaf
April 1, 2023 in the respective Folio(s), the RTA
having the Member’s Name and Bank Account details
shall be constrained to freeze such Folio(s). In view
and a copy of their PAN Card, duly self-attested. This will
of the above, the shareholders in physical mode are
facilitate receipt of dividend directly into the Member’s
advised to submit the necessary details for updating
bank account. In case the cancelled cheque leaf does not
to the RTA, as soon as possible. Relevant details and
bear the Member’s Name, please attach a copy of the
forms prescribed by SEBI in this regard are available
bank pass-book statement, duly self-attested.
on the website of the Bank at https://www.dcbbank.
Kindly note that the aforementioned documents are com/for-shareholder/updating-kyc-details-by-
required to be uploaded by June 15, 2022 at https:\\ shareholders-as-per-sebi
linkintime.co.in\\ emailreg\\email_register.html
12) Since transfer of securities of listed companies in
No communication on the tax determination / deduction physical mode has been discontinued with effect
shall be entertained after June 15, 2022. It may be further from, April 1, 2019, except in case of request received
noted that in case tax on the said dividend is deducted at for transmission or transposition of securities, shares
a higher rate in absence of receipt of the aforementioned of the Bank are traded on the stock exchanges
details / documents from the Members, there would still compulsorily in demat mode and to eliminate all risks
be an option available with Members to file the return of associated with physical shares, Members holding
income and claim an appropriate refund, if eligible. No shares in physical form are requested to consider
claim shall lie against the Bank for such taxes deducted. converting their holdings to dematerialized form.
Members can contact the Bank or Bank’s Registrars
For further information, Members are requested to refer
and Transfer Agents (RTA), Link Intime India Private
to the email communication sent to them in this regard.
Limited for assistance, if any, in this regard.
9) In case of joint holders, the Member whose name
13) The Members who are holding shares in demat
appears as the first holder in the order of names
form and have not yet registered their Bank
as per the Register of Members of the Bank will be
details, e-mail IDs, mobile numbers and other
entitled to vote at the AGM.
KYC Details are requested to register the same
10) Members holding shares in physical form are with their Depository Participant at the earliest,
requested to address all their correspondence to enable the Bank to use the same for making
pertaining to change in their name, postal address, payment of their dividend, whenever declared,
email address, telephone/ mobile numbers, contact them and serving documents to them
Permanent Account Number (PAN), mandates, electronically, hereinafter. Members holding
nominations, power of attorney, bank details such as, shares in physical mode are requested to provide,
name of the bank and branch details, bank account if not provided earlier, their e-mail Ids, mobile
number, MICR code, IFSC code, etc. to the Registrar numbers, Bank Details and other KYC documents
and Transfer Agents (RTA) viz. Link Intime India including PAN, to the RTA sending an e-mail at
Private Limited, C-101, 247 Park, L.B.S. Marg, Vikhroli [email protected] or to the Bank at

DCB Bank Limited
[email protected] or online facility 19) Members who have not updated their latest email
that may be provided and communicated by the address in the records of the Bank / their Depository
RTA separately. Participant are requested to update the same
before June 15, 2022. The Notice and documents
14) Members seeking any information with regard to
will be sent by email only to those Members who
the accounts or any matter to be placed at the AGM,
register their email addresses prior to this date.
are requested to write to the Bank on or before
June 17, 2022 through email on investorgrievance@ 20) E-Voting:
dcbbank.com . The same will be replied by the Bank
Pursuant to the provisions of Section 108 of the
suitably.
Companies Act, 2013 read with Rule 20 of the
15) Since the AGM will be held through VC / OAVM, the Companies (Management and Administration)
route map is not annexed in this Notice. Rules, 2014 (as amended) and Regulation 44 of SEBI
(Listing Obligations & Disclosure Requirements)
16) Members are requested to note that, Dividends if not
Regulations 2015 (as amended), and the applicable
encashed for a consecutive period of 7 years from
MCA Circulars, the Bank is providing facility of
the date of transfer to Unpaid Dividend Account of
remote e-Voting to its Members in respect of the
the Bank, are liable to be transferred to the Investor
business to be transacted at the AGM. For this
Education and Protection Fund (“IEPF”). The shares
purpose, the Bank has entered into an agreement
in respect of such unclaimed Dividends are also
with Central Depository Services (India) Limited
liable to be transferred to the demat account of
(CDSL) for facilitating voting through electronic
the IEPF Authority. In view of this, Members are
means, as the authorized e-Voting agency. The
requested to claim their Dividends from the Bank,
facility of casting votes by a Member using remote
within the stipulated timeline.
e-Voting as well as the e-Voting system on the date
17) Members, whose Dividend has remained unpaid, of the AGM will be provided by CDSL.
are requested to contact the Registrar and Transfer
The Bank has appointed Ms. Aparna Gadgil
Agents (RTA) viz. Link Intime India Private Limited
(ACS 14713 & COP 8430) or failing her
or Share Department of the Bank to claim their
Mr. S. N. Viswanathan (ACS 61955 & COP 24335)
unclaimed dividend.
of M/s. S. N. ANANTHASUBRAMANIAN & Co.,
18) In accordance with the General Circular Nos. Circular Company Secretaries, Thane as the Scrutinizer for
No. 14/2020 dated April 8, 2020, Circular No.17/2020 conducting the remote e-Voting and the voting
dated April 13, 2020, 20/2020 dated May 5, 2020 process at the AGM in a fair and transparent
and 02/2021 dated January 13, 2021 read with the manner. In terms of requirements of the Companies
circulars dated April 8, 2020, April 13, 2020, December Act, 2013 and the relevant Rules, the Bank has fixed
8, 2021, December 14, 2021 and May 5, 2022 issued June 15, 2022 as the ‘Cut-off Date’. The remote
by the Ministry of Corporate Affairs (MCA) and in e-Voting /voting rights of the Members/beneficial
accordance with circular dated May 12, 2020 read with owners shall be reckoned on the equity shares held
circular dated January 15, 2021 issued by the Securities by them as on the Cut-off Date only.
and Exchange Board of India providing relaxations
INSTRUCTIONS FOR REMOTE E-VOTING AND
to the SEBI (Listing Obligations and Disclosure
E-VOTING DURING THE AGM AND JOINING MEETING
Requirements) Regulations, 2015 (collectively referred
THROUGH VC/OAVM ARE AS UNDER:
to as “Applicable Circulars”), electronic copies of the
Integrated Annual Report for FY 2021-22 and this 1. The voting period begins on June 19, 2022 at
Notice inter-alia indicating the process and manner of 09.00 a.m. (IST) and ends on June 21, 2022 at
e-Voting along with instructions to attend the AGM 5.00 p.m. (IST). During this period shareholders
through VC/OAVM means are being sent by e-mail of the Bank, holding shares either in physical form
to those Members whose e-mail addresses have been or in dematerialized form, as on the cut-off date
made available to the Bank / Depository Participants. (record date) of June 15, 2022 may cast their vote
The Members who have not registered their e-mail electronically. The e-Voting module shall be disabled
addresses, kindly register the same on the Registrar by CDSL for voting thereafter.
and Transfer Agent (RTA’s) website at the link:
2. Shareholders who have already voted prior to the
https://linkintime.co.in/EmailReg/email_register.html. meeting date would not be entitled to vote during
the meeting.

3. In order to increase the efficiency of the voting In terms of SEBI circular no. SEBI/HO/CFD/CMD/
process, it has been decided to enable e-Voting to CIR/P/2020/242 dated December 9, 2020 on
all the demat account holders, by way of a single e-Voting facility provided by Listed Companies,
login credential, through their demat accounts/ Individual shareholders holding securities in
websites of Depositories/ Depository Participants. demat mode are allowed to vote through their
Demat account holders would be able to cast demat account maintained with Depositories and
their vote without having to register again with Depository Participants. Shareholders are advised
the ESPs, thereby, not only facilitating seamless to update their mobile number and E-mail Id in
authentication but also enhancing ease and their demat accounts in order to access e-Voting
convenience of participating in e-Voting process. facility.
4. (a) Step 1: Access through Depositories CDSL/ Pursuant to above said SEBI Circular, Login method
NSDL e-Voting system in case of individual for e-Voting and joining virtual meetings for Individual
shareholders holding shares in demat Mode. shareholders holding securities in Demat mode is given
below:
Type of Login Method

shareholders
I n d i v i d u a l 1. Users, who have opted for CDSL’sEasi / Easiest facility, can login through their existing user id and
Shareholders password. Option will be made available to reach e-Voting page without any further authentication.
h o l d i n g The URLs for users to login to Easi / Easiest are https://web.cdslindia.com/myeasi/home/login or
securities in visit www.cdslindia.com and click on Login icon and select New System Myeasi.
Demat mode 2. After successful login theEasi / Easiest user will be able to see the e-Voting option for eligible
with CDSL companies where the evoting is in progress as per the information provided by company. On
clicking the e-Voting menu, the user will be able to see e-Voting page of the e-Voting service
provider for casting your vote during the remote e-Voting period or joining virtual meeting & voting
during the meeting.Additionally, links are provided to e-Voting Service Providersi.e. CDSL/NSDL/
KARVY/LINKINTIME, so that the user can visit the e-Voting service providers’ website directly.
3. If the user is not registered for Easi/Easiest, option to register is available at https://web.cdslindia.
com/myeasi./Registration/EasiRegistration
4. Alternatively, the user can directly access e-Voting page by providing Demat Account Number
and PAN No. from a e-Voting link available on www.cdslindia.com home page or click on
https://evoting.cdslindia.com/Evoting/EvotingLogin. The system will authenticate the user by
sending OTP on registered Mobile & Email as recorded in the Demat Account. After successful
authentication, user will be able to see the e-Voting option where the e-Voting is in progress and
also able to directly access the system of all e-Voting Service Providers.

DCB Bank Limited
Type of Login Method

shareholders
I n d i v i d u a l 1. If you are already registered for NSDL IDeAS facility, please visit the e-Services website of NSDL.
Shareholders Open web browser by typing the following URL: https://eservices.nsdl.com either on a Personal
h o l d i n g Computer or on a mobile. Once the home page of e-Services is launched, click on the “Beneficial
securities in Owner” icon under “Login” which is available under ‘IDeAS’ section. A new screen will open. You
demat mode will have to enter your User ID and Password. After successful authentication, you will be able
with NSDL to see e-Voting services. Click on “Access to e-Voting” under e-Voting services and you will be
able to see e-Voting page. Click on company name or e-Voting service provider name and you
will be re-directed to e-Voting service provider website for casting your vote during the remote
e-Voting period or joining virtual meeting & voting during the meeting.
2. If the user is not registered for IDeAS e-Services, option to register is available at
https://eservices.nsdl.com. Select “Register Online for IDeAS “Portal or click at
https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp
3. Visit the e-Voting website of NSDL. Open web browser by typing the following URL:
https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile. Once the home page
of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/
Member’ section. A new screen will open. You will have to enter your User ID (i.e. your sixteen digit
demat account number hold with NSDL), Password/OTP and a Verification Code as shown on the
screen. After successful authentication, you will be redirected to NSDL Depository site wherein you
can see e-Voting page. Click on company name or e-Voting service provider name and you will be
redirected to e-Voting service provider website for casting your vote during the remote e-Voting
period or joining virtual meeting & voting during the meeting
Individual You can also login using the login credentials of your demat account through your Depository
Shareholders Participant registered with NSDL/CDSL for e-Voting facility. After successful login, you will be
( h o l d i n g able to see e-Voting option. Once you click on e-Voting option, you will be redirected to NSDL/
securities CDSL Depository site after successful authentication, wherein you can see e-Voting feature. Click
in demat on company name or e-Voting service provider name and you will be redirected to e-Voting service
mode) login provider’s website for casting your vote during the remote e-Voting period or joining virtual meeting
through their & voting during the meeting.
Depository
Participants
Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget
Password option available at above mentioned websites.
Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login
through Depository i.e. CDSL and NSDL
Login type Helpdesk details

Individual Shareholders Members facing any technical issue in login can contact CDSL helpdesk by sending a
holding securities in Demat request at [email protected] or contact at toll free no. 1800 22 55 33.
mode with CDSL
Individual Shareholders Members facing any technical issue in login can contact NSDL helpdesk by sending a
holding securities in Demat request at [email protected] or call at toll free no.: 1800 1020 990 and 1800 22 44 30
mode with NSDL
4. (b) Step 2: Access through CDSL e-Voting system in case of shareholders holding shares in physical mode and
non-individual shareholders in demat mode.
Login method for e-Voting and joining virtual meeting for physical shareholders and shareholders other than
individual shareholders holding shares in Demat form.
• The shareholders should log on to the e-Voting website www.evotingindia.com.

• Click on “Shareholders” module. note that this password is to be also used by the
demat holders for voting for resolutions of any
• Now enter your User ID
other company on which they are eligible to vote,
a. For CDSL: 16 digits beneficiary ID, provided that company opts for e-Voting through
b. For NSDL: 8 Character DP ID followed by CDSL platform. It is strongly recommended not to
8 Digits Client ID, share your password with any other person and take
utmost care to keep your password confidential.
c. Shareholders holding shares in Physical
Form should enter Folio Number 7. For shareholders holding shares in physical form,
registered with the Company. the details can be used only for e-Voting on the
resolutions contained in this Notice.
• Next enter the Image Verification as displayed
and Click on Login. 8. Click on the Electronic Voting Sequence Number
(EVSN) for DCB Bank Limited on which you choose
• If you are holding shares in demat form and
to vote.
had logged on to www.evotingindia.com and
voted on an earlier e-Voting of any company, 9. On the voting page, you will see “RESOLUTION
then your existing password is to be used. DESCRIPTION” and against the same the option
“YES/NO” for voting. Select the option YES or NO
• If you are a first-time user follow the steps
as desired. The option YES implies that you assent
given below:
to the Resolution and option NO implies that you
For Physical shareholders and other than individual dissent to the Resolution.
shareholders holding shares in Demat. 10. Click on the “RESOLUTIONS FILE LINK” if you wish
PAN Enter your 10-digit alpha-numeric to view the entire Resolution details.
*PAN issued by Income Tax 11. After selecting the resolution, you have decided
Department (Applicable for both to vote on, click on “SUBMIT”. A confirmation box
demat shareholders as well as will be displayed. If you wish to confirm your vote,
physical shareholders) click on “OK”, else to change your vote, click on
• Shareholders who have not “CANCEL” and accordingly modify your vote.
updated their PAN with the 12. Once you “CONFIRM” your vote on the resolution,
Company/Depository Participant you will not be allowed to modify your vote.
are requested to use the sequence
13. You can also take a print of the votes cast by clicking
number sent by Company/RTA or
on “Click here to print” option on the Voting page.
contact Company/RTA
14. If a demat account holder has forgotten the login
Dividend Bank Enter the Dividend Bank Details
password then Enter the User ID and the image
Details or Date of Birth (in dd/mm/yyyy
verification code and click on Forgot Password &
format) as recorded in your demat
OR Date of enter the details as prompted by the system.
account or in the company records in
Birth (DOB)
order to login. 15. Additional Facility for Non-Individual Shareholders
and Custodians –For Remote Voting only.
• If both the details are not recorded
with the depository or company, • Non-Individual shareholders (i.e. other than
please enter the member id / Individuals, HUF, NRI etc.) and Custodians are
folio number in the Dividend Bank required to log on to www.evotingindia.com and
details field register themselves in the “Corporates” module.
5. After entering these details appropriately, click on • A scanned copy of the Registration Form bearing
“SUBMIT” tab. the stamp and sign of the entity should be
emailed to [email protected].
6. Shareholders holding shares in physical form will
then directly reach the Company selection screen. • After receiving the login details a Compliance
However, shareholders holding shares in demat User should be created using the admin login and
form will now reach ‘Password Creation’ menu password. The Compliance User would be able to
wherein they are required to mandatorily enter their link the account(s) for which they wish to vote on.
login password in the new password field. Kindly

DCB Bank Limited
• The list of accounts linked in the login should be in advance through e-mail during the period from
mailed to [email protected] and June 16, 2022 (9.00 a.m. IST) to June 18, 2022 (5.00
on approval of the accounts they would be able p.m. IST) mentioning their name, demat account
to cast their vote. number/folio number, E-mail id, mobile number at
[email protected].
• A scanned copy of the Board Resolution and
Power of Attorney (POA) which they have h. The shareholders who do not wish to speak during
issued in favour of the Custodian, if any, should the AGM but have queries may send their queries in
be uploaded in PDF format in the system for the advance till June 18, 2022 (5.00 p.m. IST) mentioning
scrutinizer to verify the same. their name, demat account number/folio number,
E-mail id, mobile number at investorgrievance@
• Alternatively Non Individual shareholders are
dcbbank.com. These queries will be replied to by
required to send the relevant Board Resolution/
the Bank suitably by e-mail.
Authority letter etc. together with attested
specimen signature of the duly authorized i. Those Members who have registered themselves
signatory who are authorized to vote, to the as a speaker will only be allowed to express their
Scrutinizer and to the Bank at the email address views/ask questions during the meeting. The Bank
viz. [email protected], if they have reserves the right to restrict the number of speakers
voted from individual tab & not uploaded same in depending on the availability of time for the AGM.
the CDSL e-Voting system for the scrutinizer to j. Only those shareholders, who are present in the
verify the same. AGM through VC/OAVM facility and have not
INSTRUCTIONS FOR SHAREHOLDERS ATTENDING casted their vote on the Resolutions through remote
THE AGM THROUGH VC/OAVM & E-VOTING DURING e-Voting and are otherwise not barred from doing
MEETING ARE AS UNDER: so, shall be eligible to vote through e-Voting system
available during the AGM.
a. The procedure for attending meeting & e-Voting
on the day of the AGM is same as the instructions PROCESS FOR THOSE SHAREHOLDERS WHOSE
mentioned above for Remote e-Voting. EMAIL/MOBILE ADDRESSES ARE NOT REGISTERED
WITH THE COMPANY/DEPOSITORIES FOR OBTAINING
b. The link for VC/OAVM to attend meeting will be
LOGIN CREDENTIALS FOR E-VOTING FOR THE
available where EVSN of DCB Bank Limited (the
RESOLUTIONS PROPOSED IN THIS NOTICE:
Bank) will be displayed after successful login as
per the instructions mentioned above for Remote 1. For Physical shareholders- Please provide
e-Voting. necessary details like Folio No., Name of
shareholder, scanned copy of the share certificate
c. Shareholders who have voted through remote
(front and back), PAN (self attested scanned
e-Voting will be eligible to attend the meeting.
copy of PAN card), AADHAR (self attested
However, they will not be eligible to vote at the
scanned copy of Aadhar Card) by email to Bank’s
AGM.
email id>[email protected] or
d. Shareholders are encouraged to join the AGM RTA email id>[email protected]
through laptops for better experience.
2. For Demat shareholders -Please update your email
e. Further, shareholders will be required to allow id & mobile no. with your respective Depository
Camera and use Internet with a good speed to Participant (DP)
avoid any disturbance during the meeting.
3. For Individual Demat shareholders – Please update
f. Please note that Participants Connecting from your email id & mobile no. with your respective
Mobile Devices or Tablets or through Laptop Depository Participant (DP) which is mandatory
connecting via Mobile Hotspot may experience while e-Voting & joining virtual meetings through
Audio/Video loss due to fluctuation in their Depository.
respective network. It is therefore recommended to
If you have any queries or issues regarding attending
use stable Wi-Fi or LAN Connection to mitigate any
AGM & e-Voting from the CDSL e-Voting System, you
kind of aforesaid glitches.
can write an email to [email protected] or
g. Shareholders who would like to express their views/ contact at at toll free no. 1800 22 55 33.
ask questions during the meeting may register
All grievances connected with the facility for voting
themselves as a speaker by sending their request
by electronic means may be addressed to Mr. Rakesh

Dalvi, Manager, (CDSL,) Central Depository Services None of the Directors other than Mr. Iqbal Khan, nor any
(India) Limited, A Wing, 25th Floor, Marathon Futurex, Key Managerial Personnel or their respective relatives is,
Mafatlal Mill Compounds, N M Joshi Marg, Lower in any way, interested in the Resolution at Item No. 3 of
Parel (East), Mumbai - 400013 or send an email to the Notice.
[email protected] or call on toll free no.
1800 22 55 33. ITEM NO. 4
Other Instructions Re-appointment of Joint Statutory Central Auditors

The result of the voting will be announced within two and to fix their remuneration
working days after the conclusion of the meeting on the
In compliance with the guidelines dated April 27, 2021,
Bank’s website at www.dcbbank.com, website of CDSL at
issued by Reserve Bank of India (RBI) and the resolution
www.evotingindia.com and communicated to the Stock
passed by the Members at the Twenty- Sixth Annual
Exchanges.
General Meeting held on August 13, 2021, terms of M/s
Explanatory Statement as required under Section S R Batliboi & Associates LLP, Chartered Accountants
102(1) and any other applicable provisions of the (Registration No.101049W/E300004) were revised from
Companies Act, 2013 annexed to and forming part of 4 years to 3 years from the FY 2020-21 till (and including)
the Notice dated May 7, 2022: the FY 2022-23 as Statutory Auditors of the Bank to hold
ITEM NO.3 office for three (3) years from their original appointment
at the Twenty Fifth Annual General Meeting till the
In terms of Section 152(6) of the Companies Act, 2013,
conclusion of the Twenty Eighth Annual General Meeting.
Mr. Iqbal Khan (DIN-07870063) shall retire by rotation at
Pursuant to the aforesaid RBI Guidelines, M/s Sundaram
the forthcoming AGM and being eligible offers himself
& Srinivasan, Chartered Accountants, (ICAI Registration
for re-appointment.
No. 004207S), were also appointed as Joint Statutory
Auditors of the Bank in the Twenty- Sixth Annual General
Mr. Iqbal aged 44 years, was appointed on July 15,
Meeting and now both the statutory auditors are working
2017 as a Non-Executive Director of the Bank. He is a
as joint statutory auditors for the Bank from FY 2021-22.
Senior Partner at Shardul Amarchand Mangaldas &
Co. and a member of the Private Equity and Mergers
As per the requirement of the Companies Act, 2013
& Acquisitions Practice Group. He advises some of the
(the Act) M/s S R Batliboi & Associates LLP,, Chartered
largest sovereign wealth funds, global private equity
Accountants and M/s Sundaram & Srinivasan, Chartered
funds and strategic corporate, and specializes in
Accountants have confirmed that their appointment if
private equity investments, private and public mergers
made would be within the limits specified under Section
and acquisitions (both domestic and cross-border),
141(3) (g) of the Act and they are not disqualified to
joint ventures and foreign investment laws. Mr. Iqbal
be appointed as statutory auditor/s in terms of the
finished his J.D. from Columbia Law School (as a Harlan
provisions of the proviso to Section 139(1), Section 141(2)
Fisk Stone Scholar) and LLB. From London School
and Section 141(3) of the Act and the provisions of the
of Economics and Political Science. Mr. Iqbal has also
Companies (Audit and Auditors) Rules, 2014. RBI approval
worked at Kirkland & Ellis LLP, New York and at Paul,
is awaited for appointment M/s S R Batliboi & Associates
Weiss, Rifkind, Wharton & Garrison LLP, New York. He is
LLP, Chartered Accountants and M/s Sundaram &
enrolled with the Bar Council of Maharashtra & Goa. Mr.
Srinivasan, Chartered Accountants for the Financial
Iqbal is not related to any Director or Key Managerial
Year 2022-23. Subject to approval of RBI, approval of
Personnel of the Bank.
the Members are requested for appointment of M/s S R
Batliboi & Associates LLP, Chartered Accountants and
Other details of Mr. Iqbal Khan, pursuant to Regulation
M/s Sundaram & Srinivasan, Chartered Accountants for
36(3) of the SEBI (Listing Obligations and Disclosure
the Financial Year 2022-23 as Joint Statutory Central
Requirements) Regulations, 2015 are given in Annexure-I
Auditors of the Bank from the conclusion of 27th AGM till
to this Notice
the conclusion of 28th AGM on a remuneration proposed
The Board of Directors recommends Members to accord at ` 1.45 Crore (Rupees One Crore Forty Five Lakh only)
their approval by way of an Ordinary Resolution, for the plus out of pocket expenses and taxes at the applicable
re-appointment of Mr. Iqbal Khan as a Non-Executive rates for the purpose of audit for the Financial Year
Director of the Bank, liable to retire by rotation as 2022-23, to be allocated by the Bank between M/s S R
recommended under Item No. 3 of the Notice. Batliboi & Associates LLP Chartered Accountants and
M/s Sundaram & Srinivasan, Chartered Accountants as
may be mutually agreed between the Bank and the said

DCB Bank Limited
joint statutory auditors, depending upon their respective debentures, it shall be sufficient if the Bank passes a
scope of work . The remuneration paid to the Statutory Special Resolution only once in a year for all the offers or
Auditors will be disclosed in the Corporate Governance invitation for subscription of such debentures during the
Report as well as the Annual Financial Statements of the year. While the Members had passed a Special Resolution
Bank on an annual basis at the last AGM held on August 13, 2021, in case the Bank
needs to or gets an opportunity to raise such funds
M/s. S. R. Batliboi & Associates LLP, Chartered hereinafter during the period of about one year from the
Accountants is a partnership firm established in 1965 forthcoming AGM, it will require Members’ fresh approval
with registered office at Kolkata and 15 locations across at that time which could be time consuming. Hence it is
the country, 16 partners and a team of 1036 qualified proposed to seek approval of the Members once again in
accountants and provides audit and related services in the forthcoming 27th AGM which shall be valid for one
India. The firm has experience across a range of industries year from the date of the Members’ approval.
and market segments. They have past experience of
auditing companies in the financial services sector Further, considering the features of the revised guidelines
including banks and at present too are auditors of several issued by the RBI on issue of long term bonds/ Basel III
companies in the sector Tier I /Tier II bonds and the fact that these bonds will also
assist the Bank in reducing asset liability mismatches,
M/s Sundaram & Srinivasan, Chartered Accountants the Board of Directors has proposed to obtain the
(ICAI Registration No. 004207S) is a partnership firm consent of the Members of the Bank for borrowing/
established in 1943 with registered office in Chennai.They raising funds in Indian/ foreign currency by issue of debt
have strong presence in Southern India and provide audit securities pursuant to the relevant provisions of the
and related services across India. applicable circulars or guidelines issued by the RBI, up to
`500 crore (Rupees Five Hundred Crore only) in
The Board of Directors recommends the re-appointment
aggregate, for additional Tier I and Tier II capital, in one or
of M/s. S R Batliboi & Associates LLP and M/s Sundaram
more tranches in domestic and /or overseas market, as
& Srinivasan, as joint Statutory Auditors of the Bank for
per the structure and within the limits permitted by RBI
FY 2022-23 and passing of the Resolutions in Item Nos. 4
and other regulatory authorities, to eligible investors on
of the accompanying Notice.
private placement basis, on such terms and conditions as
None of the Directors, Key Managerial Personnel and the Board of Directors or any committee(s) thereof or
their relatives are concerned or interested in the passing such other persons as may be authorized by the Board,
of the Resolutions in item No. 4 from time to time, determine and consider proper and
appropriate for the Bank. This would form part of the
ITEM NO. 5 overall borrowing limits under Section 180(1)(c) of the
Companies Act, 2013. The Resolution under Section 42
Raising of funds by issue of bonds/ debentures/ of Companies Act, 2013 shall be valid for a period of one
securities on private placement basis year from the date of passing of this Resolution.
The Bank has been borrowing funds to meet the business The pricing of the debt securities referred above
requirements within the limits approved by the Members depends primarily upon the rates prevailing for risk
by way of issuance of various debt securities (bonds/ free instruments, rates on other competing instruments
debentures) as permitted by the Reserve Bank of India of similar rating and tenor in the domestic or overseas
(“RBI”) and in accordance with the provisions of the markets, investor appetite for such instruments and
Securities and Exchange Board of India (Issue and Listing investor regulations, which enable investments in such
of Non-Convertible Securities) Regulations, 2021, as instruments.
amended, and other applicable laws, from time to time.
Further, debt securities would be issued for cash either
In terms of Section 42 of the Companies Act, 2013 at par or premium or at discount to the face value
read with Companies (Prospectus and Allotment of depending upon the prevailing market conditions, as
Securities) Rules, 2014, the Bank is permitted to make permitted under the applicable laws.
private placement of securities subject to the condition
that the proposed offer of Securities or invitation to Accordingly, the approval of Members is being sought
subscribe Securities has been previously approved by by way of a Special Resolution as set out at in Item No.
the Members of the Bank, by a Special Resolution, for 5 of this Notice for borrowing / raising funds in Indian /
each of the offers or invitations/ subscriptions. In case foreign currency by issue of debt securities on private
of offer or invitation for subscription of non-convertible placement basis.

Your Board recommends the Special Resolution, as set the Bank, consent of the Members is being sought
forth in Item No.5 of this Notice for approval by the pursuant to the provisions of Sections 62(1)(c) and other
Members of the Bank. applicable provisions of the Companies Act, 2013 as
well as applicable provisions, if any, of the Companies
None of the Directors or Key Managerial Personnel or Act, 1956 and SEBI (Listing Obligations and Disclosure
their respective relatives is concerned or interested in the Requirements) Regulations, 2015 in terms of the Special
passing of the Special Resolution at Item No.5. Resolutions in the Notice. The Board recommends
the Special Resolution as set out in Item No. 6 of the
ITEM NO. 6
accompanying Notice, for approval of the Members.
Issue of equity shares / other securities convertible
The Directors of the Bank, Key Managerial Persons
into equity shares (“Securities”) through Qualified
and their relatives may be deemed to be concerned or
Institutions Placement (QIP):
interested in the Special Resolution as set out in Item
The Special Resolution proposed in the Notice relates No. 6 to the extent that their respective percentage
to the proposed issue of Equity Shares as defined in shareholding in the Bank may be affected in case of issue
the text of the Special Resolution thereat to Qualified of Equity Shares to the Investors pursuant thereto.
Institutional Buyers as defined under Chapter VI of
ITEM NO.7
the Securities and Exchange Board of India (Issue of
Capital and Disclosure Requirements) Regulations, Re-appointment of Mr. Murali M. Natrajan, (DIN
2018 (“ICDR Regulations”) for an amount not exceeding 00061194) as the Managing Director and CEO of the
` 500 Crore (Rupees Five Hundred Crore only), through Bank
a Qualified Institutions Placement.
Mr. Murali M. Natrajan, is the Managing Director & Chief
The Bank proposes to grow secured retail assets (e.g. Executive Officer of the Bank since April 29, 2009.
housing loans, gold loans etc.), Micro SME / SME, Mid He has 38 years global experience in financial services.
Corporate, Agriculture and Microfinance businesses. The This includes Branch Banking, Mortgages, Credit Cards,
risk weighted assets of the Bank are expected to rise Personal Loans, Wealth Management, SME, MSME,
with increase in the business level. In this backdrop, the Corporate Banking, Agriculture, Operations, Technology,
Bank proposes to shore up its capital base through issue Credit Risk, Re-engineering, Finance, Marketing and
of Equity Shares. Assuming maintenance of conservative Product Management. His detailed profile forms part of
ratio of 11.50 % capital adequacy on incremental assets, Corporate Governance Report.
the proceeds of the issue of Equity Shares would enable
the Bank to add approximately ` 4,348.00 crore of risk Mr. Murali M. Natrajan was last re-appointed as the
weighted assets. Managing Director and CEO of the Bank for a period
of one year from April 29, 2021 up to April 28, 2022
The proposed issuance of Equity Shares in terms of the at the Twenty Sixth AGM held on August 13, 2021 as
Special Resolution in the Notice will be in conformity per the approval of the Reserve Bank of India vide
with the provisions of all applicable laws. letter DOR.GOV.No. 37539/29.03.001/2021-22 dated
April 15, 2021.
The detailed terms and conditions for the issuance of
the Equity Shares as and when made will be determined The Board of Directors at the meeting held on October
by the Board in consultation with the Merchant Bankers, 20, 2021 had approved and recommended to the
Lead Managers, Advisors and such other authorities as Reserve Bank of India (RBI) the re-appointment of
may require to be considered by the Bank, considering Mr. Murali M. Natrajan as Managing Director and CEO
the prevailing market conditions and other relevant of the Bank. The Reserve Bank of India vide letter
factors. The Special Resolution seeks to give the Board No.DoR. GOV. No.S4841 /29. 03. 00 1 /2021-22 dated
powers to issue Equity Shares in one or more tranches at March 30, 2022 has approved re-appointment of Mr. Murali
such time or times, at such price or prices, and to such of M. Natrajan as Managing Director and CEO of the Bank for
the Investors as are mentioned therein as the Board in its further period of two years from April 29, 2022 up to April
absolute discretion deems fit. 28, 2024 (both days inclusive).
Since the Special Resolutions proposed in the Notice Mr. Natrajan shall be entitled to an annual increase in
under Item No.6 may or will result in the issue of Equity remuneration being limited to 15% of the previous year’s
Shares of the Bank otherwise than to the Members of annual remuneration inclusive of the bonus paid, if any,

DCB Bank Limited
for that Financial Year, which will be subject to prior RBI None of the Directors other than Mr. Murali M. Natrajan,
approval. nor any Key Managerial Personnel or their respective
relatives are, in any way, interested in the Resolution at
Mr. Natrajan is not entitled to sitting fees for attending Item No. 7 of the Notice.
meetings of the Board / Committees. Mr. Natrajan is not
related to any Director or Key Managerial Personnel of By Order of the Board of Directors
the Bank. DCB Bank Limited
Other details of Mr. Natrajan, pursuant to Regulation

36(3) of the SEBI (Listing Obligations and Disclosure Place: Mumbai Rubi Chaturvedi
Requirements) Regulations, 2015 is given in Annexure-I Date: May 7, 2022 Company Secretary
to this Notice
Registered Office:
The Board of Directors recommends Members to accord CIN:L99999MH1995PLC089008
their approval for the re-appointment of Mr.Murali M. Peninsula Business Park,
Natrajan as the Managing Director & CEO of the Bank 6th floor, 601 & 602, Tower A,
for a further period of two years from April 29, 2022 Senapati Bapat Marg,
to April 28, 2024 (both days inclusive) and payment of Lower Parel, Mumbai 400 013.
remuneration as approved by RBI and passing of the Website: www.dcbbank.com
Ordinary Resolution as set out in Item No. 7 of the Notice e-mail: [email protected]

Annexure-I
Details of Directors seeking appointment / re-appointment in the 27th AGM scheduled on June 22, 2022 (Pursuant to
Regulation 36(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations),
are given below:
Name of Director Mr. Iqbal Khan Mr. Murali M.Natrajan

Brief Resume Provided in the explanatory Provided in the explanatory
statement statement
Expertise in Specific Functional area Law, Merger & Acquisitions & Accountancy & Audit, Banking,
Strategic Options Agriculture & Rural Economy,
Economics, Finance, Small scale
industry, Information Technology,
Payment & Settlement Systems,
Human Resources, Risk Management,
Business Management, Product
Development & Marketing, Merger &
Acquisitions & Strategic Options
Reletionships between directors None None
inter-se
Directorship and membership of None None
Committees in other listed entities
Listed Entities from which resigned None None
in the past three years
Shares held in the Bank as on March Nil 2,400,000
31, 2022
Shareholding in the Bank as a Nil Nil
beneficial owner

DCB Bank Limited
DIRECTORS’ REPORT
Your Directors are pleased to present the Twenty Seventh Capital Adequacy Ratio (CAR) under Basel III as on March
Annual Report of DCB Bank Ltd (hereinafter referred to as 31, 2022 stood at 18.92% (19.67% as on March 31, 2021).
the Bank/Your Bank/DCB Bank) together with the audited
accounts for the year ended March 31, 2022 (FY 2022). FINANCIAL SUMMARY
(` in crore)
In FY 2022, the Bank has posted an Operating Profit of
Balance Sheet As at As at Increase /
` 796.98 crore (FY 2021 ` 885.81 crore) and a Net Profit of
March 31, March 31, (Decrease)
` 287.50 crore (FY 2021 ` 335.79 crore).
2022 2021
Total Assets have increased by ` 5,238.01 crore and Customer 31,280.26 27,103.62 4,176.64
reached ` 44,840.14 crore as on March 31, 2022 Deposits
(` 39,602.13 crore as on March 31, 2021). Inter Bank 3,411.43 2,600.24 811.19
Deposits
Customer Deposits have increased by ` 4,176.64 crore and
Total Deposits 34,691.69 29,703.86 4,987.83
Advances have increased by ` 3,358.58 crore. Your Bank
continues to make significant contribution to Priority [Including Total [9,281.08] [6,786.51] 2,494.57
Sector Lending (PSL) and has achieved the overall PSL CASA*]
target as required by the Reserve Bank of India (RBI). Advances 29,095.78 25,737.20 3,358.58
Gross – NPA 1,289.93 1,083.44 206.49
The Net Interest Margin (NIM) was 3.56% in FY 2022
as compared to 3.59% in FY 2021 and the Current and Net – NPA 573.23 594.15 (20.92)
Savings Accounts (CASA) ratio stood at 26.8% as on Total Assets 44,840.14 39,602.13 5,238.01
March 31, 2022.
Profit & Loss For the For the Increase /
Cost to Income Ratio has increase to 56.0% in FY 2022
year ended year ended (Decrease)
from 48.9% in FY 2021. Total Branch network stood at
March 31, March 31,
400 as on March 31, 2022 (352 as on March 31, 2021) and
2022 2021
ATM network was 349 as on March 31, 2022 (410 as on
March 31, 2021). Net Interest 1,357.51 1,286.61 70.90
Income
Provisions Other Than Tax have decreased to ` 407.43 crore Non Interest 452.04 445.83 6.21
in FY 2022 from ` 433.01 crore in FY 2021. Your Bank has Income
been making conservative provision for Non-Performing Total Operating 1,809.55 1,732.44 77.11
Assets (NPA) and Loans restructured on account of Income
Covid-19 stress. In addition, the Bank has also been making
Operating Cost 1,012.57 846.63 165.94
Floating Provision and provision against Standard Assets.
Operating Profit 796.98 885.81 (88.83)
Gross NPAs have increased to ` 1,289.93 crore as on Provisions 407.43 433.01 (25.58)
March 31, 2022 from ` 1,083.44 crore as on March 31, Other than Tax
2021. Consequently, Gross NPA Ratio as on March 31, Net Profit 389.55 452.80 (63.25)
2022 was 4.32% as compared to 4.13% as on March 31, Before Tax
2021. Net NPAs have decreased to ` 573.23 crore as on
Tax 102.05 117.01 (14.96)
March 31, 2022 as against ` 594.15 crore as on March
31, 2021. Consequently, Net NPA Ratio as on March 31, Net Profit After 287.50 335.79 (48.29)
2022 was 1.97% as compared to 2.31% as on March 31, Tax
2021. The overall NPA Provision Coverage Ratio as on
* Current and Savings Accounts (CASA)
March 31, 2022 was 67.84% (62.35 % as on March 31, 2021).
DIVIDEND
Return on Assets (RoA) Ratio in FY 2022 was 0.70% as
compared to 0.87% in FY 2021. Corresponding Return on Your Board is pleased to recommend a dividend of ` 1.00
Equity (RoE) Ratio in FY 2022 was 7.92% as compared to per equity share of ` 10.00 each in respect of Financial
9.99% in FY 2021. Year ended March 31, 2022.

Computer Training Classes, Internet Café, Coaching

Classes, Tour Operator, Hotel Owner, Transporter, Ticketing
MANAGEMENT DISCUSSION AND ANALYSIS Agent, C&F Agent, amongst others. The list of Self-
VISION Employed occupation is endless. The target market is
essentially Micro, Small and Medium Enterprises both in
The Bank’s vision is to be the most innovative and responsive Manufacturing and Services. (Please refer to MSMED Act,
neighbourhood bank in India serving entrepreneurs, 2006). Majority of lending to MSME sector qualifies for
individuals, and businesses. In line with our vision, we Priority Sector Lending. A major share of deposits and
began implementing a new strategy in FY 2010. loans of the Bank are from the self-employed segment.
TARGET MARKET At the beginning of FY 2022, India was impacted by

severe Covid-19 second wave. The infection spread very
Keeping in view its inherent strengths, branch network fast and although both Central and State governments
and expertise, the Bank’s target market is mainly small made tremendous efforts to contain the situation,
business owners / self-employed / small business unfortunately the death toll was high. Yet again, to curb
segment (traders, shopkeepers, business owners, the spread of infection, lockdowns and restrictions had to
MSMEs and SMEs). The Bank has chosen to have limited be imposed which resulted in loss of business especially
presence in the salaried segment. The MSME / SME for the small businesses, shops and self-employed (Bank’s
sector is a vibrant and dynamic sector of the Indian target segment). The Bank followed a growth strategy
economy and plays a very important role in the growth underpinned by prudence and caution, prioritizing
of the Indian economy. This segment is usually resilient supporting existing customers in their period of stress
and displays entrepreneurial spirit. Small enterprises and uncertainty. Wherever possible, the Bank within the
create millions of jobs and maintain social stability. The regulatory framework provided relief / restructure, to
MSME sector plays a pivotal role in the economic and eligible borrowers, to tide over the difficult times. Like
social development of the country. As per estimates the Covid-19 first wave, after the restrictions were cautiously
MSME sector contributes around 30% to India’s GDP. lifted, economic conditions started improving. Towards
Some useful information on the MSME sector is given Q3 FY 2022, the country was impacted by Covid-19 third
below: wave. However, in comparison to the second wave, the
• Number of Working Enterprises: 64 million, third wave was mild, and the negative impact was limited.
Employment: 111 million individuals By Q4 FY 2022, the economic situation was pretty much
back to pre-Covid-19 level and most of the restrictions have
• Urban: 49%, Rural: 51%
been relaxed by both Central and State Governments. As a
• Manufacturing: 31%, Trade 36%, Other Service: 33% result of lockdowns affecting the self-employed segment,
• Sole Proprietor: 96% the Bank’s NPAs and Restructured Loans increased in Q1
(Source: Annual Report FY 2020-21 Government of India, FY 2022. From Q2 FY 2022, as the Bank stepped up its
Ministry of Micro, Small and Medium Enterprise) Collections and Recovery efforts, NPA slippages started
declining while recoveries / upgrades steadily improved.
DCB BANK CUSTOMERS
CREDIT RATINGS
Your Bank provides banking services to a varied base of
business owners, self-employed / small businesses for During the current year, CRISIL Limited reaffirmed the
example – Commodity Trader, Gold Trader, Vegetable Bank’s rating for Tier II Bonds (under Basel III) to CRISIL
Trader, Commission Agent, Retailer, Restaurant Owner, AA-/Stable and reaffirmed its rating on the Bank’s
Caterer, Baker, Vending Machine Supplier, Consultant, Certificates of Deposit Programme and Short-term Fixed
Doctor, Contractor, Interior Decorator, Software Designer, Deposit Programme at CRISIL A1+. The Bank continues
Salon, Beauty Parlour, Printer, Electrical Engineer, Saw to enjoy ICRA A+/ (stable) rating for Basel III Compliant
Mill, Flour Mill, Rice Mill, Grocery Store, Brick Maker, Tier II Bonds Programme and ICRA A1+ rating for Short
Builder, Fabricator, Artist, Writer, Auto Repair, Ship Repair, Term Fixed Deposits Programme.
Pharmacy, Computer Specialist, Furniture Maker, Uniform
Maker, Garment Shop, Fashion Tailor, Hardware Shop, Agri AWARDS AND RECOGNITION
Processor, Pesticide Dealer, Auto Dealer, Scrap Dealer,
Your Bank continued to be recognized for its progress
Stationery Supplier, FMCG or Consumer Goods Dealer,
Tool Maker, Agri Input Dealer, Tractor Dealer, Plastic and initiatives in various functions.
Manufacturer, Mattress Manufacturer, Water Supplier,

DCB Bank Limited
DCB Bank won the Gold in ACEF (Asian Leaders Forum The Bank’s ‘ATMCHAIN’- first blockchain based project
& Awards, Branding, Marketing & CSR) 2021. The Bank’s was recognized as BLOCKCHAIN SOLUTION OF THE
CSR partnership project of Achari Kunta in Hyderabad, YEAR -BANKING 2021 at Alden Global Valye Advisor’s
Telangana with iNaturewatch foundation associated with INFLECTION Awards.
water conservation, and restoration won in Best Corporate
ASSOCHAM National E-Summit & Awards –April 2021
- Non-profit Partnership category.
• Winner for category of Digital Deposits, Private
DCB Bank was given Special Commendation, The CSR Sector Bank
Journal Excellence Awards 2021. The CSR Journal
recognizes institutional and systematic efforts to address • Runner up for category of Digital Services, Private
development challenges in the social space. The Bank Sector Bank
was felicitated for its efforts in climate change mitigation, 5th NXT CX Summit and Awards for Excellence in Banking
protecting biodiversity, restoring land and carbon Services – February 2022
sequestration over the long term. The Bank had initiated
a pilot project to plant 10,000 saplings of indigenous tree BRANCH EXPANSION / ATMs
species at INS Hamla, Madh Island in Mumbai.
The number of branches, as on March 31, 2022, stood at
Human Resources 400 [221 Retail branches and 179 branches in Agri and
Inclusive Banking (AIB)]. Out of which 71 branches are
• The Bank continues to be certified by the “Great in rural areas and 106 branches are in semi-urban areas.
Place to Work Institute” for building a High Trust and The new branches have a standard, uniform and pleasing
High-Performance culture look and feel, and they are designed to provide a unique,
positive, and seamless banking experience to customers.
• The Bank also received a coveted industry recognition The Bank had 349 ATMs as on March 31, 2022.
by the Great Manager Institute (GMI) featuring in
Forbes India. The Bank made it to India’s Top 30 list of RETAIL BANKING
Companies with Great People Managers. Two of the
Bank’s Managers featured in the top 100 list of Great Retail Banking offers unique products for meeting
Managers in India. financial needs of individuals and businesses. The
Bank follows a multi-product approach which results
• The Bank’s unique and best practice known as in “all products being offered in all branches” subject
“EORO – Each One Reach One’ was recognized by to customer demand in the branch catchment area. To
ACEF Asian Leaders Awards in the Best Employee remain competitive, the Bank is particular about the
Engagement Gold Category. quality and timeliness of service delivery. The Bank has a
wide range of products that caters to the various needs
• The Bank was featured in CII (Confederation of of the customers.
Indian Industry) in their Compendium of Best
Practices in the employee wellbeing category. The Term Deposits
Bank’s initiatives such as employee benevolent fund,
Employee Assistance Program, vaccination drive, DCB Bank is usually amongst the top 5 banks in India in
enhanced medical benefits etc were highlighted and terms of offering attractive Term Deposit interest rates
appreciated. especially for longer tenor retail deposits. DCB Bank
offers DCB Health Plus Fixed Deposit product which
Information Technology has unique health insurance benefits at “zero cost” to
customers (subject to terms and conditions). During FY
The Bank was adjudged as Winner in the Ecosystem- 2022, the Bank has substantially changed the liquidity
Led Innovation Category of Infosys’s Client Innovation profile and mix of its deposits. The continuous focus was
Award 2021. The Bank was recognized for Open Banking on obtaining granular deposits. Consequently, the top 20
Transformation and Zippi Plus Deposit. deposits ratio which was at 6.98% at the start of the year
BFSI EXCELLENCE AWARDS 2021 further declined to 6.31% at the end of FY 2022.
The Bank received the Best Data Management Project Mortgage and Micro Mortgage Loans
award at BFSI EXCELLENCE AWARDS 2021. This
Mortgage is the prime lending product for the Bank
was on account of initiatives taken in Robotic Process
and is contributing more than 45% of bank’s advances
Automation, Open Banking and Block Chain initiatives.
book. As part of the mortgage business, the Bank offers

both Home Loans and Business Loans to self-employed project completion. Having faced the brunt of Covid-19
and salaried segments in the neighborhood areas of the disruptions until June 2021, the housing construction
Bank’s branches. The purpose of these loans, inter alia, sector responded very well to the enhanced demand from
are property purchase, home improvement, home repairs, home buyers. The country witnessed many new projects
business requirements (purchase of plant and machinery, launches during FY 2022 with very robust buying in the
purchase of stocks, purchase of shops, working capital) affordable and mid-segment housing units across most of
and personal expenses such as education, marriage or the key geographies. The Bank expects ample opportunity
medical. Micro or small ticket mortgages are most suitable in lending to affordable and mid-segment housing projects
in Tier 2 to Tier 6 locations. Many people in the rural and in line with Government of India impetus on addressing the
semi-urban areas derive cash income from informal credit gap / housing shortage in the affordable housing
sectors or trades. At times, many customers do not have sector.
sufficient documents to prove their income / repayment
capacity for obtaining loans. The Bank has demonstrated Commercial Vehicle (CV) Loans
the ability to assess the household income for such
Commercial Vehicle Loans (CV) significantly improves
customers by adopting a method of in-depth personal
the PSL composition in the Bank. Most of the CV portfolio
discussions with the borrowers and co-borrowers. Apart
is categorised as PSL. This facility is offered across 110
from creating a robust portfolio, the Bank has been able
locations. The CV industry have been facing headwinds
to achieve financial inclusion goals. Most of these micro
on account of weak economic conditions and pandemic.
loans qualify under the Priority Sector Loan (PSL) norms
Recently the sector is also impacted by raising fuel
of the RBI. A part of the Bank’s portfolio qualifies for long
prices. CV industry have been among the worst affected
term refinance from National Housing Bank (NHB).
by Covid-19, impacted more than 90% of customers.
In FY 2022, within the regulatory guidelines, the Bank However, the CV sector is on the path of recovery post
continued to provide assistance to customers affected Q3 FY 2022. The Bank’s CV frontline reached out to
by Covid-19 disruptions. each customer through daily visits / calling. In a sensitive
and sensible manner, the Bank offered relief to various
As soon as the Covid-19 second wave abated, the customers within the regulatory framework. The Bank
Mortgages business bounced back strongly with believes that the CV business, which is integral to the
increased sourcing from the selected segments and growth of the economy, will see revival in the times to
more focus on home loans. The Bank continued to remain come.
cautious and maintained its focus on small ticket secured
lending. The Bank expanded its distribution in the Loan against Gold
Mortgage business by increasing frontline headcount and
Loan against gold is offered in most of the branches of
deepening geographic presence. By the end of FY 2022,
the Bank. The Bank has focused on improving customer
new business writing was ahead of pre-Covid-19 volumes.
experience and service by continuously investing in
Construction Finance (CF) process improvements through in-housing of valuation
process and significant overhaul of the front-end system
The construction sector is an important contributor to used for loan processing. Most of the verification and
the growth of our economy. Affordable housing in both validation processes have been automated leading to
rural and urban areas is one of the key thrust areas for the faster turnaround and improved customer experience.
Government of India. The implementation of Real Estate The bank has invested to improve control and risk
Regulation & Development Act, (RERA) 2016 in most mitigation processes.
states, has brought in much needed transparency in this
sector, creating favorable conditions for home buying and Insurance and Mutual Funds Distribution
financing. The Bank’s approach is to focus on reputed
The Bank has corporate agency tie-ups for distribution of
builders with a strong track record who are primarily
life insurance, health insurance and general insurance. The
concentrating in the affordable housing segment. At the
Bank also has referral tie ups for mutual fund distribution.
same time the strategy is to be cautious and limit exposure
This enables the Bank to deepen customer relationships
per builder / project. The Bank has established processes to
in addition to increasing fee income.
monitor sales, collections, and utilization of funds towards

DCB Bank Limited
Traditional Community Banking STRATEGIC ALLIANCES
In FY 2010, with a vision of strengthening neighbourhood One of the key strategies of the Bank is to enter alliances
banking, the Bank set up a separate vertical to focus with entities whose products and services enable the
on Traditional Community Banking. The aim was to Bank to improve customer acquisition and retention.
address the specific needs of the vintage neighbourhood Apart from new and enhanced products alliances help in
community customers and to provide personalized speed to market.
solutions wherever possible. This perhaps is the purest
form of neighbourhood banking and is directed towards The various strategic alliances and business association
addressing small credit needs such as education, of your Bank is given below:
personal, business and working capital.
Bancassurance
Non-Resident Indian (NRI) business
Name of the Partner Type of arrangement
The Bank has NRI customers from 130 countries, which
Aditya Birla Health Corporate Agency for
contribute to 9.26% of the total customer deposits.
Insurance Company Ltd insurance sales
Government business (Collection of Direct and Aditya Birla Sun Life Corporate Agency for
Indirect Taxes) Insurance Company Ltd insurance sales
HDFC Life Insurance Corporate Agency for
The Bank has been authorised by the Reserve Bank
Company Ltd insurance sales
of India, Central Board of Direct Taxes, Central Board
of Indirect Taxes and Customs, Controller General of ICICI Lombard General Corporate Agency for
Accounts and Ministry of Finance to collect various kinds Insurance Company Ltd insurance sales
of Direct and Indirect Taxes. After technical integration, Royal Sundaram General Corporate Agency for
DCB Bank customers will be able to pay their Direct and Insurance Company Ltd insurance sales
Indirect Taxes through Mobile banking or Internet banking
Service Partners
platforms as well as through all our branches, resulting in
immense ease and convenience for customers.
Name of the Partner Type of arrangement
COLLECTIONS AND RECOVERIES Euronet Services India ATM and Switch
Limited Management
Collection Team operates out of 250 locations with a hub
and spoke model. Being a critical and important function Business Alliances
team has developed robust capabilities to collect overdue
payments and ensure portfolio quality across products. Name of the Partner Type of arrangement
Extensive use of data analytics to improve predictability
Aditya Birla Finance Ltd. Lending Business
has been critical in improving the productivity and
performance of the unit. Fintech Alliances
During the Covid-19 second wave, the Collections team Name of the Partner Type of arrangement
was in regular touch with the customers to understand
Finnew Solutions Private Global NiyO Card
difficulties faced by them and wherever possible extend
Limited (NiYo) Management
relief / support within the regulatory framework. The
Collections team also provided financial education on Greenizon Agritech Lending Business
default, moratorium etc to help customers tide over Consultancy Private
difficult times. The Collections team actively embraced Limited
digital payment options to reduce face-to-face (for health
and safety) interactions and provide convenience to
customers.

Trade Receivables Discounting System (TReDS) footprint in the Rural and Semi Urban areas. At the end
Alliances of FY 2022, AIB had 179 branches in 13 states of India.
There are many opportunities to offer simple innovative
Name of the Partner Type of arrangement products backed by superior technology in the Rural and
Semi Urban areas of India. Many of the new branches are
Mynd Solution Private Lending on TReDS
in Tier 2 to Tier 6 locations. There is a constant endeavor
Limited (M1xchange) Platform
to cater to underbanked and unbanked population of the
Receivables Exchange of Lending on TReDS country through a wide range of products, for example,
India Ltd (RXIL) Platform zero balance savings account, small recurring deposit
A. TReDS Limited Lending on TReDS account, small loans to match the income and cash flow
(Invoicemart) Platform cycle. AIB also coordinates the entire PSL efforts for
the Bank and is primarily responsible for achieving the
CORPORATE BANKING (CB) financial inclusion targets.
The Bank’s intention is to have a limited presence exposure Pradhan Mantri Jan-Dhan Yojana (PMJDY)
Corporate Banking. This business operates across India
with regional offices in Ahmedabad, Bengaluru, Chennai, In FY 2022, the Bank actively participated in PMJDY
Delhi, Hyderabad, Kolkata, and Mumbai. The objective is to program. The Bank had 34,362 PMJDY accounts as on
provide a complete range of commercial banking solutions March 31, 2022. The Bank has enabled Rupay Debit Cards
including Foreign Exchange, Trade Finance and Cash for PMJDY account holders.
Management. The Bank has a robust underwriting and credit
system to address the inherent risks in Corporate Banking. Pradhan Mantri Suraksha Bima Yojana (PMSBY),
The emphasis is on building a secured loans portfolio and Pradhan Mantri Jeevan Jyoti Bima Yojana
creating long term relationships with high quality large and (PMJJBY), Atal Pension Yojana (APY)
mid-corporates.
The Bank successfully reached out to unbanked and
Corporate Bank during the year maintained a stable loan economically weaker population through PMSBY, PMJJBY
book while continuing to build on the short-term products. and APY programs that are designed to bring social
This unit is also responsible for providing liquidity through security. Your Bank had 5,733 customers under PMSBY,
deposits and achieved robust growth in the deposits 2,905 customers under PMJJBY and 4,719 customers in
momentum which is likely to carry on in the coming years. APY as on March 31, 2022.
The number of products per customers also increased
thereby improving depth. BSBDA
The intensity and frequency of regular review of exposures BSBDA has replaced “No frills account”. This is a
continued enabling identification of emerging risks in wonderful product for achieving financial inclusion
a timely manner. The focus is to continuously improve especially for those who have limited transaction needs
understanding of the borrower’s business/prospects, in the low-income group. The Bank had 45,493 BSBDA
ensuring right mix of products, enhance analytics, strong accounts as on March 31, 2022.
promoter connect, cash flow understanding and tracking.
Corporate Banking portfolio quality remained stable during Kisan Mitra
the year.
“Kisan Mitra” as the name suggests, is a deposit product,
In FY 2022, the Bank added 30 new customers and which fulfils the requirement and enhances the savings
leveraged existing customer relationships. Your Bank habit in rural areas. It is a product specially designed
understands that the RMs must have in-depth knowledge for farmers. It is a modified Savings Account with zero
of various industries and corporates. To meet this need, account opening amount and no Average Quarterly
the Bank has introduced and reinforced RM Knowledge Balance maintenance charges.
Improvement Programs wherein information on various
industries, corporates, credit ratings etc are shared with the Retail Agriculture Loan and Kisan Credit Card
RMs on a regular basis.
To meet the credit needs of the farmers, the Bank has
retail agriculture products like Kisan Credit Card that
AGRI AND INCLUSIVE BANKING (AIB)
aims at providing adequate and timely credit support
AIB is a separate unit with the main aim of achieving to the farmers for crop cultivation and allied activities.
financial inclusion, PSL and enhancing the Bank’s Under the KCC program, the Bank offers Cash Credit

DCB Bank Limited
to farmers for purchasing seeds, fertilizers, pesticide ALTERNATE CHANNELS AND DIGITAL BANKING
for crops cultivation and Term Loan facilities for land
levelling, irrigation and purchasing farm equipment. Phone Banking
Tractor Loans In FY 2022, the Bank’s Customer Care Associates attended

to approximately 86,000 calls per month. Despite the
Tractor Loans are an integral part of the total agricultural pandemic disruptions, the Call Center maintained 100%
equipment sector and is an direct indicator of growth uptime. The Bank also upgraded its technology to enable
in the agricultural sector. The Bank has steadily built its Work from Home (WFH) capabilities. With the help of
business across Tier 2 to Tier 6 branches. Tractor loans technology and training, Bank was able to seamlessly re-
helps the Bank to partly meet PSL targets for agriculture direct calls to branch staff to achieve load balancing of
and small and marginal farmers set by the RBI. Rural calls at the Call Center. This was unique initiative which
economy has remained more or less despite Covid-19 helped to achieve continuous service to customers, job
disruptions and the Bank has expanded in new locations enrichment to branch staff and cost efficiency.
that has benefited small & marginal farmers.
Bank has also upgraded its technology to SIP based on
Microfinance Institutions (MFIs) and Business traditional PRI based, thus improving the clarity of voice,
Correspondents (BCs) improving the connect time and enhancing the uptime.
Considering the pan India presence, the Bank has ensured
The Bank lends directly to MFIs who in turn lend to end that its Customer Care Associates can interact with the
borrowers. Over time, the Bank has created a network customers in 8 languages (English, Hindi, Gujarati, Kannada,
of MFI relationships across India. In a few states of India, Marathi, Odiya, Tamil and Telugu). The Customer Care unit
the Bank is also providing Self-Help Groups (SHGs) and conducts programs such as ‘Voice of Customer’ for effective
Joint Liability Groups (JLGs) unsecured loans through complaint resolution and process improvements. One of
BCs for economic activities. Group loans from bank has the key measures initiated is customer retention calling
enabled unprivileged customers to avail small loans from team was to contact customers to restart using the Bank’s
the banking sector instead of high-cost borrowing from services and do a deep dive to understand issues that may
money lenders. These loans are usually provided to small have been faced by customers. It is a window provided to
farmers and weaker sections mainly in rural areas. To the customers to provide feedback which are then relayed
support the growth, Bank has an efficient software system to the various business and functions corrective action.
for managing BC Loans. This software helps maintain
adequate information about the borrowers under SHGs ATMs
& JLGs. It provides a common platform for both, Bank
and BC for smooth processing of loans and has added The Bank has 349 ATMs as on 31st March 2022. The Bank
immense value by reducing the loan disbursal cycle time. ensured that ATM uptime was maintained at above 90%
The Covid-19 pandemic disruptions resulted in increase in despite ground level challenges on account of pandemic.
NPAs in the BC MFI loans. The Bank took several steps to The Bank has reduced several unviable and unprofitable
address the various issues and put the BC lending back ATMs during the year. The Bank has implemented Win
on track. Win 10 operating system, TLS, and Hard Disk encryption
in ATMs.
CO-LENDING PARTNERSHIPS
DCB Mobile and Internet Banking
Co-lending is a unique concept enabled by the RBI. The
Bank’s intention is to partner with NBFCs that may be The Bank’s customers, more than 130,000, are actively
offering products not currently offered by the Bank using the new and improved Mobile Banking App. The
or segments not served by the Bank. In FY 2022, the users have given a rating of 4.6 which is “best in class”
Bank has entered co-lending partnerships with two amongst the peers group. The new version of the app is
leading NBFCs for Gold Loans. Co-lending is likely to be multilingual (12 languages) and also has Gold Loans.
an integral part of Bank’s business growth plans in the
DCB Internet Banking is also used by more than 60,000
coming months.
retail and corporate customers. Internet Banking platform
is rich with plethora of digitally managed services, which
has reduced the need to visit branches. The platform is
aligned to service the HNI customers by offering even
higher limit for channels.

DCB Unified Payment Interface (UPI) DCB Debit Cards
Lockdown and restrictions have further given boost to The Bank continuously focusses on increasing Debit Card
UPI channel which has now become one of the most usage and constantly enhancing its security features.
popular digital mode for small transactions. The Bank’s Instead of using static password, Debit Card users can
UPI transactions have registered 116% growth in FY 2022. complete their online payments with OTP. Debit Card
users have security features enabling customers to
DCB Open Banking activate or deactivate their Card on POS / ATM / online
channels, customers can also change transaction limit
The Bank has a wide range of Application Programming
and block or unblock their card. The Bank has an exciting
Interface (APIs) to integrate the Bank systems in a
“cashback” program to delight customers who increase
seamless manner with alliance partner.
their card usage provided the customers maintain the
DCB Debit Cards stipulated average minimum balance. In addition, from
time to time, the Bank also offers seasonal promotional
The Bank continuously focusses on increasing Debit Card benefits such as healthcare, insurance etc.
usage and constantly enhancing its security features like
we have stopped fallback transactions to avoid Card TRANSACTION BANKING
skimming cases, we have restricted our Card transactions
Cash Management Services (CMS)
made through non EMV compliant ATMs, along with that
we have implemented BIN level limit & velocity control The Bank provides Corporates, MSME/SME and Retail
at NPCI & Visa under program TFD (Tailored Factor customers sophisticated and cost-effective CMS. This
Defence) & GDC (Gross Debit Cap). Various validation helps customers manage their collection and payment
and channel control as instructed by RBI in guideline logistics with ease. The Bank has 7 vendors for CMS
“Enhancing Card security” are implemented on online cheque collections across India. The Bank has upgraded
Banking channels for easy use by customers. the CMS system for both Payments and Collections
enhancing its features and benefits. At the end of FY
The Bank from time to time, the Bank also offers seasonal
2022, the Bank had 5,579 active customers using the
promotional benefits such as healthcare, insurance etc.
CMS facilities.
DCB Niyo Global Cards
Business Internet Banking (BIB)
DCB Niyo Global Card is a Debit Card issued to DCB
The Bank offers state of the art BIB product especially
Niyo Current Account holders. This program is uniquely
designed for MSME/SME customers. The adaptive and
designed such that unlike forex cards, frequent top
responsive feature of the application makes it user
up of the card is not required since the card is linked
friendly for customers across devices. At the end of FY
to the Current Account. Card holders are offered
2022, BIB facility had 31,887 users
security features to switch on or off card usage, change
transaction limit and block or unblock the card. Also, TREASURY, MONEY MARKET AND FOREIGN
the DCB Niyo Global Card provides exchange rates EXCHANGE
which are competitive, making the product a compelling
proposition. Treasury
TReDS Treasury actively manages liquidity, compliance with

important regulatory tools- CRR & SLR, trading in fixed
In FY 2022, the Bank commenced participation on Trade income securities & currencies, and investment in Initial
Receivables Discounting System (TReDS), a unique digital Public Offers (IPOs). It also shares the responsibility of
capability that provides assured and faster financing to interest rate risk management of the Bank.
MSMEs / SMEs who are providing goods and services to
larger companies. TReDS is improving flow of finance to In FY 22, the Bank made gains in a cautious manner by
MSMEs / SMEs. During FY 2022, the Bank has financed utilizing the trading opportunities in G-Sec presented by
more than 500 MSMEs (almost 6,000 invoices) in TReDS rising yields and policy rate. The Bank selectively invested
platform. Financing on TReDS also qualifies as PSL. in equity IPOs and booked profits by way of listing gains.

DCB Bank Limited
Money Market foreign currency denominated credit. The Bank has been
one of the earliest movers in this segment.
India’s Gross Domestic Product (GDP) grew by 6.90%
on annualised basis and 3% on two year CAGR basis. RISK MANAGEMENT
Economic activity seems to be recovering quickly after
the Covid-19 third wave in December 2021 / January Risk is an integral part of the banking business and the
2022. February 2022 CPI inflation rose to 6.07% which is Bank’s aim is to maintain portfolio quality by making
the above 6% tolerance level of RBI. appropriate risk/reward trade-offs. The Bank inter alia
is exposed to credit, concentration, market, country and
Globally, the interest rate and liquidity back drop counterparty bank exposure, liquidity, operational, fraud
are turning adverse in the face of rising inflationary and reputation risk. The Board of Directors of the Bank
pressures. Indian market rates have also inched up in has oversight of risks assumed by the Bank and has
past three months. RBI has so far kept the policy rates delegated its power to manage risks to Risk Management
(Repo: 4.00%, Reverse Repo: 3.35% and MSF rate: 4.25%) Committee (RMC) of the Board.
unchanged along with the accommodative policy stance.
Credit Risk
However, the market seems to have already discounted
possible rate hike. The effective operating Reverse The Credit Risk unit ensures alignment with the objectives
Repo Rate has increased from 3.37% to 3.90% under the of achieving growth while maintaining portfolio quality
Variable Reverse Repo Rate (VRRR) system. The 10 Years by making appropriate risk / reward trade-offs. The idea
Benchmark G Sec which was at 6.15% at the beginning of is to ensure long-term sustainable performance across
FY 2022, touched high of 6.99% in February 2022 and business cycles. On-going efforts are made to improve
was trading at 6.80% in the third week of March 2022. risk assessment and controls. Credit Risk over time has
developed capabilities to assess the risks associated
Foreign Exchange with various products and business segments. As far
as possible, efforts are made to standardize the entire
Covid-19 second wave hit India hard at the start of FY process pan India while considering geographic nuances.
2022. The Indian Rupee which was at 73.50 against US The Bank has implemented a rating model that considers
Dollar at the beginning of the first quarter weakened both quantitative and qualitative factors and produces
to 75.30 by end of the first quarter. But as the second a rating that becomes one of the key inputs to credit
wave plateaued, supply disruptions around the world decisions. To continuously improve the quality of the
and accommodative monetary policies from major portfolio, the Credit Risk unit uses SAS analytics and has
central banks caused inflation. The Federal Reserve created several insightful models that helped in refining
System (Fed) started hinting at raising interest rates. the product offering, choosing the target segment of
As a result, US Dollar Index rose to 99. On February 16, customers, collections and recoveries. Key processes
2022, Fed increased its rate by 25 basis points and few in credit underwriting were examined and duplication
more increase in rates may be expected during the year was reduced to improve speed of processing. Periodic
2022. This may have a contagion effect on other country portfolio reviews were conducted with the business units
/ global interest rates. that helped improve portfolio quality.
As of now, given India’s economic environment, RBI Concentration Risk

appears to be preferring an accommodative stance to
support growth. The Indian Rupee has steadily weakened Concentration risk is monitored and managed both at
against the US Dollar in line with the strengthening of US the customer level and at the aggregate level. The Bank,
Dollar Index. Towards the end of the year, the Ukraine inter alia, monitors portfolio concentrations by segment,
war and geo-political tensions resulted in spike in crude product, business, ratings, borrower, group, sensitive
oil price and the Indian Rupee hit an all-time high of 77.20 sectors, unsecured exposures, industry, and geography.
against the US Dollar. The Bank adopts a conservative approach within the
regulatory prudential exposure norms.
Alternative Reference Rate (ARR) for foreign currency
loans: LIBOR ceased to be benchmark rate from 31 Market Risk
December 2021. The Bank shifted to ARR before LIBOR
ceased to exist. It ensured seamless flow of foreign The Bank has an established process to measure, monitor
currency assets and liabilities. Shifting to ARR was key and manage Interest Rate, Exchange Rate and Equity
to superior customer service as it did not disrupt flow of Risk as part of Market Risk Management. Besides the

usual monitoring of Structural Liquidity, Interest Rate Operational Risk Management Committee (ORCO)
Sensitive Gap limits and Absolute Holding limits, the Bank oversees the operational risk management in the
also monitors interest rate risks using Value at Risk limits. Bank. The policy specifies the composition, roles, and
Exposures to Foreign Exchange and Capital Markets responsibilities of the ORCO. The framework comprises
are monitored within pre-set exposure limits, margin identification, assessment, management and mitigation
requirements and stop-loss limits. of risks through advanced tools and analysis.
Country Exposure Risk and Counterparty Bank Process Review

Risk
The Bank strives to continuously improve process
The Bank has established specific country exposure limits controls and customer satisfaction. The Bank has a
which is capped at 15% of its Capital Funds. The limit also separate cross functional committee – Management
depends upon rating of individual countries. The Bank Committee for Approval of Processes (MCAP). In
mitigates risks using insurance cover available through general, new processes are subjected to review by MCAP.
the Export Credit and Guarantee Corporation (ECGC), The Committee is tasked with identifying operational and
where appropriate. compliance risks in new processes and ensuring that
steps are taken to mitigate risks. Also, MCAP, on an on-
The Bank has established framework for setting up of going basis reviews and approved existing processes for
limits for counterparty banks, basis their rating and further improvement. In the FY 2022, 85 processes were
monitors counterparty bank exposures against the reviewed and approved by MCAP.
approved limits.
Reputational Risk
Liquidity Risk
The Bank pays attention to issues that may create
As part of the liquidity management and contingency reputational risks. Events that can negatively affect the
planning, the Bank assesses potential trends, demands, Bank’s reputation are handled cautiously ensuring utmost
events and uncertainties that could result in adverse compliance and in line with the values of the Bank.
liquidity conditions. The Bank’s Asset Liability
Management (ALM) policy defines the gap limits for the Information / Cyber Security Risk
structural liquidity and the liquidity profile is analysed
on both static and dynamic basis by tracking cash The Bank operates in a highly automated environment
inflow and outflow in the maturity ladder based on the and makes use of the latest technologies to support
expected occurrence of cash flow. The Bank undertakes various operations. We have in place a robust governance
behavioural analysis of the non-maturity products, framework, information security practices and a business
namely CASA, Cash Credit and Overdraft accounts on continuity plan to mitigate information technology and
a periodic basis to ascertain the volatility of balances. cyber security related risks. The Bank ensures that it’s
The renewal pattern and premature withdrawals of Term Information and Cyber Security policies are updated
Deposits and drawdowns of un-availed credit limits are regularly and implemented to ensure protection of
also captured through behavioural studies. The liquidity customer sensitive information, transactions integrity,
profile is estimated on an active basis by considering availability of banking services and be resilient to risks
the growth in Deposits, Advances, and investment from an ever changing cyber threat landscape. The Bank
obligations. The concentration of large deposits is has a 24x7 security operations centre to monitor security
monitored on a periodic basis. Emphasis has been placed alerts and taking immediate response and recovery
on growing Retail Deposits and avoid as far as possible actions..
Bulk Deposits. The Bank periodically conducts liquidity
IMPLEMENTATION OF BASEL III GUIDELINES
stress testing.
In accordance with the RBI guidelines, the Bank has
Operational Risk
migrated to Basel III capital adequacy disclosures with
Operational Risk is the risk of loss resulting from effect from Q1 FY 2014. The Bank continues to review
inadequate or failed internal processes, people or and improve its risk management systems and practices
systems, or external events. The Bank’s operational risk to align with industry best practices. The Bank has
management framework is defined in the Operational implemented Standardized Approach for Credit Risk,
Risk Management Policy approved by the Board of Standardized Duration Approach for Market Risk and
Directors. While the policy provides a broad framework, Basic Indicator Approach for Operational Risk.

DCB Bank Limited
INFORMATION TECHNOLOGY (IT) BUSINESS INTELLIGENCE UNIT (BIU)
FY 22 has seen increased dependence on digital The core objective of BIU is to support all businesses and
technologies for banking needs. DCB Bank is looking functions to make decisions using data analytics. The
forward to adopting emerging technologies like AI/ Bank has a scalable analytical stack in areas of Big Data,
ML, Blockchain, IoT, Edge Computing, Robotic Process Machine Learning and Deep Learning comprising of an
Automation, API Banking, Metaverse, conversational Enterprise Data Lake and GPU servers. The analytical
banking, Big Data to bring much more needed futuristic platforms used in the Bank include SAS Viya, R, Python
customer services, newer business models, operational and Spark. This has assisted businesses and functions in
excellence with automation. several “Use Cases” in the field of Machine Learning and
Artificial Intelligence such as building predictive models
Bank has been already progressed on various such like default behaviour scorecards, using techniques such
initiatives through innovation, collaboration and as time-series forecasting and optimisation for cash
integration its services with fintech, startup and partner loading at ATMs, text mining and NLP for sentiment
ecosystem to offer customers newer and efficient analysis, Big Data capabilities for analysing behavioural
technologies for better, convenient and personalized patterns for campaigns, product selection, ADF
banking experiences submissions, etc. amongst other initiatives combining
power of Analytics and Technology.
Following were some of key initiatives during FY 2022.
OPERATIONS
• aunched fully digitized end to end customer on
boarding product (CUBE), for quicker and seamless Operations unit was once again put under real “stress
onboarding process. test” due to the disruptions of Covid-19 second wave.
• Implemented a new and scalable Payment System for The character and zeal of the employees in Operations
NEFT/ RTGS units is a testament of fact that there was no major
• Online Dispute Resolution for UPI Payments disruption of customer services / operations during FY
2022. Operations continues to focus on automation to
• Launched WhatsApp Banking extending specific
serve customers faster and more efficiently. New state-
services to customers.
of-the-art customer onboarding software “CUBE” was
• Assisted Journey for customers using Zippi - Co- implemented which has built in automated checks and
browsing solution using Cogno.AI to help customers facilitates customer account opening within a few minutes
online during onboarding process. while providing a superior onboarding experience to
• NPA Automation as per IRAC norms. the customers. Several new initiatives to bring about
• Implemented Social Command center – This is to transformational changes to processes using technology
scan across different social networking sites and as an enabler were implemented during the year.
to respond to specific requests by our customers / Centralized Clearing platforms and applications were
prospects revamped to make the service more robust and resilient.
Quality assurance functions were further strengthened
• Implemented international SMS alerts to customers
for continuous improvements to ensure consistency and
who are outside India
predictability in services while keeping a close watch on
• Paperless E joining kit for new employees costs, productivity, and operational excellence.
• Added several unique / new features in New Mobile
Banking Application that enhanced customer Grooming next generation leaders and creating second
experience including Multilingual menus line leaders across various unit is a key focus area in
Operations and during the year two employees from
• Enhanced Self Service Kiosk with aadhar
Operations featured in the India’s Top 100 Great People
authentication to provide more STP services.
Managers’ List of 2021.”
• Enhanced DR site with extended capability to have
needed resilience and recovery. INTERNAL AUDIT (IA)
• Internet Banking Enhancements – 25 + Feature &
IA function has employees with varied domain background
Digital Payment Security Controls like Third Party
and experience. The IA team comprises of professionals,
Verification, Connected Banking, Income Tax 2.0
experienced bankers, specialists, and “freshers”. IA function
• New Mobile Banking and Enhancements like Card reports into the Audit Committee of the Board (ACB)
Management, MPIN Management, Multilingual Support which constitutes members with strong domain and

audit knowledge. ACB oversees the IA function, monitors performance and shareholder value.
performance, and provides regular guidance for improving
control and compliance. During FY 2022, the IA Adopted During Covid-19 second and third wave, the Bank
three models of audits namely remote, hybrid (limited made systematic efforts to ensure health and safety
review through physical presence at branches and units of employees while ensuring continuity of business
with detailed remote data analysis) and complete onsite operations. Several activities were carried out digitally to
audits to continue doing audits through the year. The IA maintain social distance and reduce crowding.
team makes use of data analysis in the audits through use
The Bank’s HR is built on four pillars.
of SAS. In FY 2022, IA conducted 178 branch audits, 31
periodic audits and 9 IT audits. IA team members attended Build
multiple online training programmes for continuous
enhancement of knowledge and audit methodology. After the end of Covid-19 second wave, the Bank revved
up its growth engines which required HR to step up
VIGILANCE hiring. By the end of FY 2022, the Bank’s headcount was
8,077 (as compared to 6,432 by end of FY 2021).
The Fraud Risk Monitoring (FRM) unit has been enhanced
through inclusion of additional data points into the review Prioritising internal talent for elevation has always been
mechanism. The scope and coverage have also been our motto. This year we have been able to provide growth
expanded with 24x7 monitoring. The Bank is enabled opportunities within the Bank to 470 employees vis-a-vis
fraud detection across channels with the aim of early 239 employees last year.
detection of possible fraud transactions / usage. Through
process improvements, the Vigilance unit has improved The Bank continued its flagship B-school competition
reporting, investigation and response to queries received that has been recognized as one of the best practices
from various law enforcement agencies. The Vigilance in the industry. The Bank scaled up “The Top Recruit”
unit had continued to conduct fraud risk awareness using program and campus engagement initiatives across
online training sessions. FRM and Vigilance units have various regions, covering around 8,075 participants from
continued to identify process gaps, (if any), in respect 200 B- Schools in cities like Delhi, Mumbai, Pune and
of fraud risks and provided recommendations for fraud smaller towns in India.
prevention and detection. The unit has created training
and awareness modules on cyber fraud for employees The Bank launched many digital applications for assisting
and customers. employees during FY 2022.
COMPLIANCE The Bank has vastly improved its Social Media presence
and it is noteworthy to mention that the Bank has over
The Bank’s Compliance unit is independent of business 2.74 lakh followers as compared to 1.61 Lakh followers in
and operation functions. The Compliance function has the previous year on Linked In, which is a major source of
created procedures and checks to ensure compliance employer branding and attracting talent
with applicable regulations. In addition to ensuring timely
submission of various returns to regulatory and statutory Develop
authorities, the Compliance unit ensures that the Bank’s
internal procedures and processes are in adherence The Bank continued to provide training through
with the applicable regulatory and statutory guidelines. classroom and online / e-learning to employees covering
The Compliance unit is also responsible for AML / KYC key compliance modules like Ethics, POSH, Gender
monitoring and for executing the same, the Bank relies on Sensitization, Code of Conduct, Capacity Development
advanced software and analytics. Within the Compliance and AML/ KYC.
function, a separate unit for Compliance Monitoring and
• During the year Bank employees completed over
Testing has been created to carry out compliance testing
253,670 hours of e learning.
on an ongoing basis. This unit also provides compliance
risk assessment to various units / functions.. • “Olympiad” a quiz covering products, processes and
compliance was initiated in FY 2022 to continuously
HUMAN RESOURCES (HR)
strengthen the culture of compliance. Initiatives such
The Bank believes that employees are the driving force as “Project Prayas” and “Project First Time Right”
for business growth, branding, and customer satisfaction. helped employees to build on their learning and help
Employees are an invaluable asset who deliver sustainable them to appreciate / address risk issues proactively.

DCB Bank Limited
• Masterclass on Leadership sessions, ABCT – Anybody different regions. In FY 2022, in the presence of over
Can Train, Skill Pill and DCB Podcast continued to 2,000 virtual audience, the Bank recognized more
be digital interventions where senior management than 500 employees.
and employees shared their insights on a variety of
subjects with a large section of employees. • The Bank’s quarterly newsletter, “High Decibel”
is a communication channel where employees
• Signature interventions like RISE and ASPIRE are contribute articles of personal experience and
running for over 9 years. These programs have helped professional achievements. The same is also used
create a talent pool to take up leadership roles within for communicating the latest updates, events, and
the organization. happenings in the Bank.
• Capacity Development initiatives through internal • “Hour HR” (live radio show which is an Industry
and external certification especially in the areas of recognized program) a unique communication
risk management and credit covered more than 90% platform for our employees to interact with the HR
of the eligible population. Cyber security programs team and seniors directly.
were conducted for senior management employees
with IDRBT. • Signature employee connect program” Each One
Reach One(EORO) helped employees to rate their
• Women Leadership training opportunity in satisfaction with respect to Job, supervisor, work
partnership with XLRI Jamshedpur was provided to environment. A similar survey for Supervisor helped
women leaders from select units to equip them for gather feedback with reference top helpfulness, care,
leadership roles. development and approachability.
• One of the Bank’s flagship initiatives SPEAK • The Bank launched a “Women@DCB BANK” series
(employee satisfaction survey for supervisors) where our senior female leaders spoke of their secrets
recorded participation of 100%. to success
• Talent Management and Succession Planning with Corporate Social Responsibility (CSR)
several initiatives such as 360-degree feedback and
individual development plans were implemented The Bank’s CSR thrust areas are Water, Waste
Management, Renewable Energy, Recycling, Supporting
Care Tech Incubators, Preserve Archaeological and Historic
Sites, and Disaster Relief. CSR and HR team work
• The Bank conducted special programs for supervisors together to engage employees in tree plantation, habitat
to be aware of and report instances of potential restoration, clean-up of parks, lakes, beaches, and
mental wellbeing issues amongst teammates to water bodies. In FY 2022, despite Covid-19 disruptions,
provide timely assistance wherever needed. wherever possible, within Covid-19 guidelines, the Bank
engaged large number of employees in CSR activities.
• During Covid-19 pandemic, emotional well-being
assumed greater importance for which wellness CUSTOMER SERVICE
sessions were organized for employees under our
Delighting customer in every interaction is the core aim
Employee Assistance Program wherein external
of the Bank. On a regular basis, customer complaints and
professional assistance was provided.
satisfaction levels are monitored by the Managing Director &
• Covid-19 vaccination drives were conducted pan India Chief Executive Officer along with the Senior Management
team. The Bank has constituted an independent “Service
for employees and their immediate family members
Excellence” team to analyse customer complaints, identify
• 7 Days additional Covid-19 recovery leave was root cause for service issues, make process improvements
provided to employees who were affected. and work with the various businesses and functions to
continuously enhance service levels. The Bank has an
• Doctor on Call services were made available for “Integrated Centralised Complaint Management” system
employees and their family members and standards to ensure that customer queries and
complaints addressed in a timely manner.
Engage
The Bank continues to make steady progress on the
• The Bank has a regional recognition program called concept of Power of Three - Empathy, Speed and Quality
“DCB Spotlight” for felicitating top performers in (ESQ) initiative launched many years ago. The Bank

continuously works on the six pillars of Service Excellence 2017, as per extant regulatory guidelines and submitted the
– Voice of Customer, Service Recovery, Attrition Calling, same to the RBI. On April 05, 2018, the RBI had announced
Process Simplification, Service Culture and Measures and deferment of implementation date by one year with IND
Metrics. The Service Excellence team periodically conducts AS being applicable to banks for accounting periods
review of progress on six pillars with key stakeholders, beginning April 01, 2019, onwards. In preparation for the
calls with frontline staff to obtain feedback, surprise same, the Bank has been submitting quarterly pro-forma
visits to various units, customer meetings, focus groups financials to the RBI from quarter ended June 30, 2018.
and “mystery shopping” to understand frontline service On March 22, 2019, the RBI has announced deferment of
culture and competence. The Bank has constituted three the implementation of IND AS by banks till further notice;
committees at different levels to monitor customer service however, the Bank continues to submit to the RBI pro
- Branch Level Customer Service Committees (BLCSCs), forma financials on half yearly basis.
Standing Committee on Customer Service (SCCS), and
Customer Service Committee of the Board (CSCB). The PARTICULARS OF LOANS, GUARANTEES OR
Bank on a regular basis , through various means educates INVESTMENTS BY THE BANK
its customers to be vigilant on the rising incidents of cyber
crimes. Not applicable being a banking company.
MARKETING/BRAND AWARENESS PARTICULARS OF CONTRACTS OR

ARRANGEMENTS WITH RELATED PARTIES
In FY 2022, despite lockdown and restrictions in the first
half, the Bank continuously took numerous measures All the transactions with related parties are in the
to create brand awareness and improve visibility for its ordinary course of business and on arm’s length basis
products and services. Throughout the year, engagement and there are no ‘material’ contracts or arrangement or
programs were conducted for DCB Savings Accounts transactions with related parties and thus disclosure in
and DCB Gold Loans in print, outdoor and digital media. Form no. AOC-2 is not required.
One of the major FMCG type marketing initiative was the
mobile vans campaign for DCB Gold Loans in the branch POLICY ON RELATED PARTY TRANSACTIONS
neighbourhood areas. Across India, external and internal OF THE BANK
branding along with customised marketing programs /
campaigns were successfully executed to engage both The Bank has a policy on Related Party Transactions and
customers and employees. Customer friendly awareness the same has been displayed on the Bank’s website at the
videos in regional languages were created and circulated following link:https://www.dcbbank.com/pdfs/Policy-on-
in digital channels for DCB Gold Loan and DCB KCC Related-Party-Transactions-2019-20.pdf
Loans. A separate video was created to promote the
interest rate benefits of DCB Savings Account. DCB BUSINESS RESPONSIBILITY REPORT
Remit was promoted actively on digital media channels
throughout the year. A concept book ‘My Finances’ was In terms of Regulation 34(2)(f) of the SEBI Listing
created for customers and prospects wherein a record Obligations and Disclosure Requirements (LODR)
of financial and investment details can be created for Regulations 2015, the Bank’s Business Responsibility
reference. The Bank actively and continuously posted Report describing the initiatives taken by the Bank from an
interesting information in the social media of the Bank. environmental, social and governance perspective forms
part of this Report and has been hosted on the website
IND AS IMPLEMENTATION of the Bank at the following Link: http://www.dcbbank.
com/cms/showpage/page/for-shareholder_2021-22.pdf
The Ministry of Corporate Affairs (MCA), Government
of India has notified the Companies (Indian Accounting CORPORATE SOCIAL RESPONSIBILITY (CSR)
Standards) Rules, 2015 on February 16, 2015. Further,
a Press Release was issued by the MCA on January 1. Brief outline on CSR Policy of the Company.
18, 2016, outlining the roadmap for implementation of
Indian Accounting Standards (IND AS) converged with CSR Activities shall mean all the Corporate Social
International Financial Reporting Standards (IFRS) Responsibility activities / programs / initiatives of
for banks. As per earlier instructions, banks in India the Bank, either ongoing or new, dealing with the
were required to comply with the IND AS for financial activities mentioned in its thrust areas. The activities
statements for accounting periods beginning from April shall conform to those specified in Schedule VII to
1, 2018, onwards, with comparatives for the periods ending the Companies Act, 2013, (the Act), as amended
March 31, 2018, or thereafter. Progressing towards IND AS, from time to time and as recommended by the CSR
the Bank had prepared pro forma financials as on June 30, Committee and approved by the Board of the Bank.

DCB Bank Limited
The thrust areas or activities ascribed to them are d) Promote waste-to-energy

defined in the Policy, as amended by the Board, from
e) Promote start-ups
time to time, which are given below
f) Preservation of historical and heritage sites in situ
a) Conservation of water / water storage / water focus on water conservation, waste management,
usage / protecting water bodies recycling and, or waste-to-energy.
b) Waste Management g) Support Disaster Relief
c) Recycling
2. Composition of CSR Committee:
Sl. Name of Director Designation / Nature of Number of meetings Number of meetings

No. Directorship of CSR Committee of CSR Committee
held during the year attended during the
year
1 Ms. Rupa Devi Singh* Chairperson & Independent 4 4
Director
2 Mr. Rafiq Somani** Independent Director 4 3
3 Mr. Murali M Natrajan Managing Director & CEO 4 4
4 Mr. Nasser Munjee*** Chairperson 4 1
* Designated as the Chairperson of the Committee w.e.f September 15, 2021.
** Inducted as the Member of the Committee w.e.f. September 15, 2021.
*** Ceased to be the Chairperson of the Committe w.e.f. August 18, 2021 due to his retirement.
3. Provide the web-link where composition of CSR committee, CSR Policy and CSR projects approved by the Board
are disclosed on the website of the Bank.
https://www.dcbbank.com/pdfs/DCB-Bank-CSR-Policy-version-03-16-July-2019.pdf > Policies
https://www.dcbbank.com/board-of-directors > Composition of CSR Committee and
https://csr.dcbbank.com/ > Projects undertaken
4. Provide the details of Impact Assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the
Companies (Corporate Social Responsibility Policy) Rules, 2014, if applicable (attach the report).
Not Applicable
5. Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social
Responsibility Policy) Rules, 2014 and amount required for set off for the financial year, if any.
Sl. No. Financial Year Amount available for set-off from Amount required to be set-off for
preceding financial years the financial year, if any
(in `) (in `)
1 FY 2020-21 Not Applicable 0.01 Crore
2 FY 2021-22 0.01 Crore 0.06 Crore
Total 0.01 Crore 0.07 Crore


6. Average net profit of the Bank as per section 135(5) of the Act: `480.08 crore
7. (a) Two percent of average net profit of the company as per above section: `9.60 crore
(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years: `0.01 crore
(c) Amount required to be set off for the financial year, if any: NIL
(d) Total CSR obligation for the financial year (7a+7b-7c): ` 9.60 crore
8. (a) CSR amount unspent for the financial year: NIL
(b) Details of CSR amount spent against ongoing projects for the financial year: NIL
(c) Details of CSR amount spent against other than ongoing projects for the financial year:
DCB BANK CSR PROJECTS FY 2021-22
Sr. Name of the Item from the list Local Location of the project Amount Mode of Mode of CSR
No. project of activities in Area (District/State) (in `) implemen- implementa- Registration
Schedule VII (Y/N) tation tion (name of Number
Agency)
District State (Direct)
Y/N
1 Information Ensuring Y Mumbai & Maharashtra 303,500 Y Business India Direct

Communication environmental Guntur & Andhra Pvt. Ltd &
& Education for sustainability, Pradesh Eleventh Hermit
rainwater water ecological
harvesting & balance,
livelihood conservation of
enhancement natural resources
projects and maintaining
quality of soil, air
and water
2 Sustainable Ensuring Y Cuttack Odisha 10,704,916 N Concern India CSR00000898

Livelihood environmental Foundation
Improvement sustainability,
Project (LIP) ecological
through balance,
Integrated Water- conservation of
shed Manage- natural resources
ment and maintaining
and water
3 Tree plantation Ensuring Y South 24 West 3,812,568 N Concern India CSR00000898

– regenerate environmental Parganas Bengal Foundation
tree cover, sustainability,
create sustain- ecological
able income balance,
stream for ham- conservation of
lets devasted by natural resources
Cyclone and maintaining
Amphan 2020. quality of soil, air
10,000 tree and water
saplings of
indigenous,
stress tolerant
species
4 Promoting Ensuring Y Uttara Karnataka 1,192,500 N Concern India CSR00000898

coastal eco- environmental Kannada Foundation
system sustainability,
sustainable ecological
livelihood for balance,
communities conservation of
near mangroves natural resources
in Uttara Kan- and maintaining
nada quality of soil, air
and water

DCB Bank Limited
Agency)
Y/N
5 Plantation of Ensuring Y Cuttack Odisha 686,713 N Concern India CSR00000898

fruit trees & environmental Foundation
fencing, for sustainability,
sustainable ecological
livelihood of balance,
rural women conservation of
Self Help Group natural resources
(SHG) and maintaining
and water
6 Tree plantation Ensuring Y Bengaluru Karnataka 210,000 N Concern India CSR00000898

for urban lake environmental Foundation
revival sustainability,
ecological
balance,
conservation of
natural resources
and maintaining
and water
7 Information, Ensuring Y Across India Across 957,500 Y Content India Direct

Communication, environmental India Services Pvt.
Awareness on sustainability, Ltd.
sustainability ecological
issues of com- balance,
munities conservation of
natural resources
and maintaining
and water
8 DCB Social CSR Ensuring Y Across India Across 1,157,300 Y Direct Direct
Volunteers environmental India
sustainability,
ecological
balance,
conservation of
natural resources
and maintaining
and water
9 Information & Ensuring Y Mumbai Maharashtra 15,000 Y Direct Direct

awareness, CSR environmental
Journal Excel- sustainability,
lence Award ecological
balance,
conservation of
natural resources
and maintaining
and water
10 Information Ensuring Y Mumbai Maharashtra 10,000 Y Direct Direct

& awareness environmental
Asian Customer sustainability,
Engagement ecological
Forum Awards - balance,
CSR Sustain- conservation of
ability Project natural resources
and maintaining
and water

Agency)
Y/N
11 Installation Ensuring Y Visakhapat- Andhra 484,390 Y Ekam Eco Direct

of Waterless environmental nam Pradesh Solutions Pvt.
Urinals sustainability, Ltd.
ecological
balance,
conservation of
natural resources
and maintaining
and water
12 Installation Ensuring Y Ahmedabad Gujarat 384,995 Y Ekam Eco Direct

of Waterless environmental Solutions Pvt.
ecological
balance,
conservation of
natural resources
and maintaining
and water
13 Installation Ensuring Y Nilgiris Tamil 246,326 Y Ekam Eco Direct

of Waterless environmental Nadu Solutions Pvt.
ecological
balance,
conservation of
natural resources
and maintaining
and water
14 Installation Ensuring Y Vadodara Gujarat 167,485 Y Ekam Eco Direct

ecological
balance,
conservation of
natural resources
and maintaining
and water
15 Installation Ensuring Y Mumbai Maharashtra 139,625 Y Ekam Eco Direct

ecological
balance,
conservation of
natural resources
and maintaining
and water
16 Installation Ensuring Y Porbandar Gujarat 133,780 Y Ekam Eco Direct

ecological
balance,
conservation of
natural resources
and maintaining
and water

DCB Bank Limited
Agency)
Y/N
17 Installation Ensuring Y New Delhi Delhi 117,854 Y Ekam Eco Direct

ecological
balance,
conservation of
natural resources
and maintaining
and water
18 Installation Ensuring Y Fatehgarh Punjab 115,803 Y Ekam Eco Direct

ecological
balance,
conservation of
natural resources
and maintaining
and water
19 PPE, gloves, Covid-19 disaster Y Mumbai Maharashtra 227,354 Y Elpee Pvt. Ltd Direct
sanitisers, management,
masks, head including relief,
covers, personal rehabilitation
safety & hy- activities.
giene items, etc.
Consumables
for treatment
of Covid-19 pa-
tients, hospital
staff, doctors,
etc.
20 Tree Plantation Ensuring Y Bengaluru Karnataka 339,090 N ENSYDE CSR00002246

environmental Foundation
sustainability,
ecological
balance,
conservation of
natural resources
and maintaining
and water
21 Urban forest Ensuring Y Thane Maharashtra 14,400,000 N Green Yatra CSR00000236

plantation environmental Trust
36,000 na- sustainability,
tive trees by ecological
the Miyawaki balance,
method conservation of
natural resources
and maintaining
and water
22 Urban forest Ensuring Y Delhi, Mum- Delhi & 14,250,000 N Green Yatra CSR00000236
plantations with environmental bai, Pune & Maharashtra Trust
60,000 native sustainability, Thane
trees using Miy- ecological
awaki method balance,
conservation of
natural resources
and maintaining
and water

Agency)
Y/N
23 Sustainable Ensuring Y Rajsamand Rajasthan 911,110 N Green Yatra CSR00000236

livelihood fruit environmental Trust
trees plantation sustainability,
using the Miy- ecological
awaki method balance,
conservation of
natural resources
and maintaining
and water
24 PPE, gloves, Covid-19 disaster Y Mumbai Maharashtra 469,560 Y Harmony Pvt. Direct
sanitisers, management, Ltd.
safety & hy- activities.
giene items, etc.
Consumables
for treatment
of Covid-19 pa-
tients, hospital
staff, doctors,
etc.
25 Restoration of Ensuring environ- Y Raigad Maharashtra 2,366,413 N iNaturewatch CSR00003491

Taloja water- mental sustain- Foundation
shed (Kharghar) ability, eco-
through com- logical balance,
munity partici- conservation of
pation natural resources
and maintaining
and water
26 Urban water- Ensuring environ- Y Medchal Telangana 2,177,341 N iNaturewatch CSR00003491

body protection mental sustain- Foundation
& rejuvenation ability, eco-
of Achari Kunta logical balance,
Lake through conservation of
community natural resources
participation. and maintaining
and water
27 Karnala Bird Ensuring environ- Y Raigad Maharashtra 350,487 N iNaturewatch CSR00003491

Sanctuary mental sustain- Foundation
mobile app. ability, eco-
Biodiversity logical balance,
information, conservation of
communication natural resources
& awareness and maintaining
and water
28 Pollina- Ensuring environ- Y Palghar Maharashtra 150,000 N iNaturewatch CSR00003491

tor species mental sustain- Foundation
rejuvenation to ability, eco-
benefit farming logical balance,
& horticulture conservation of
via butterfly natural resources
observatory and maintaining
and water

DCB Bank Limited
Agency)
Y/N
29 Protection of Ensuring environ- Y Panna Madhya 1,191,228 N Last CSR00006952

wildlife corridor mental sustain- Pradesh Wilderness
by reforestation ability, eco- Foundation
and alterna- logical balance,
tive livelihood conservation of
improvement natural resources
programmes and maintaining
around Panna quality of soil, air
Tiger Reserve and water
30 PPE, gloves, Covid-19 disaster Y Mumbai Maharashtra 307,125 Y Om Sai Pvt. Direct
sanitisers, management, Ltd
safety & activities.
hygiene items,
etc.
Consumables
for treatment of
Covid-19
patients,
hospital staff,
doctors, etc.
31 Trees for tribals, Ensuring Y East Jharkhand 5,000,000 Y Pangea Direct

plantation for environmental Singhbum EcoNet Asset
sustainable sustainability, Pvt. Ltd.
livelihood & ecological
carbon seques- balance,
tration conservation of
natural resources
and maintaining
and water
32 Tree plantation Ensuring Y Viluppuram Tamil 2,125,000 Y Pangea Direct

for livelihood environmental Nadu EcoNet Asset
creation for the sustainability, Pvt. Ltd.
Irula tribe ecological
balance,
conservation of
natural resources
and maintaining
and water
33 PPE, gloves, Covid-19 disaster Y Mumbai Maharashtra 2,363 Y Prerana Pvt. Direct
hygiene items,
etc. Consum-
ables for
treatment of
Covid-19
patients,
hospital staff,
doctors, etc.

Agency)
Y/N
34 PPE, gloves, Covid-19 disaster Y Mumbai Maharashtra 17,603,577 N Prince Aly CSR00005415
sanitisers, management, Khan Hospital
hygiene items,
etc. Consum-
ables for
treatment of
Covid-19
patients,
hospital staff,
doctors, etc.
35 PPE, gloves, Covid-19 disaster Y Mumbai Maharashtra 102,816 Y Roopam Pvt. Direct
hygiene items,
etc. Consum-
ables for treat-
ment of Co-
vid-19 patients,
hospital staff,
doctors, etc.
36 Go Green Ensuring Y Across India Across 487,500 N Sankalp Taru CSR00000590

Campaign, environmental India Foundation
multi-city tree sustainability,
plantation ecological
project A balance,
conservation of
natural resources
and maintaining
and water
37 Go Green Ensuring Y Across India Across 315,000 N Sankalp Taru CSR00000590

Campaign, environmental India Foundation
multi-city tree sustainability,
plantation ecological
project B balance,
conservation of
natural resources
and maintaining
and water
38 Waste Ensuring Y Adilabad Telangana 3,975,000 N SKG Sangha CSR00005648

management environmental
bio digest- sustainability,
ers to reduce ecological
greenhouse balance,
gas methane conservation of
with bio-gas for natural resources
households and maintaining
and water
39 Jal Vikas - Ensuring Y Morena Madhya 4,759,255 N SM Sehgal CSR00000262

groundwater environmental Pradesh Foundation
development sustainability,
for sustainable ecological
farming balance,
conservation of
natural resources
and maintaining
and water

DCB Bank Limited
Agency)
Y/N
40 Jal Sanrakshan Ensuring Y Aurangabad Maharashtra 1,530,452 N SM Sehgal CSR00000262

ll - groundwater environmental Foundation
development sustainability,
& rainwater ecological
catchment for balance,
sustainable conservation of
livelihoods natural resources
and maintaining
and water
41 Jal Jeevan - Ensuring environ- Y Panna Madhya 148,050 N SM Sehgal CSR00000262

groundwater mental sustain- Pradesh Foundation
development ability, eco-
for sustainable logical balance,
livelihoods of conservation of
forest com- natural resources
munities around and maintaining
Panna Tiger quality of soil, air
Reserve and water
42 Green Mile - Ensuring environ- Y Darjeeling West 1,272,494 Y Tieedi Per- Direct
dry waste mental sustain- Bengal maculture
plastic recycling ability, eco- Foundation
& wet waste logical balance,
management conservation of
for organic natural resources
fertiliser and maintaining
and water
43 Improving Ensuring environ- Y Tapi & Gujarat & 921,640 N Under The CSR00002463
Tribal Liveli- mental sustain- Chhindwara Madhya Mango Tree
hoods through ability, eco- Pradesh Society
Beekeeping logical balance,
with Indigenous conservation of
bees (Apis natural resources
cerana indica and maintaining
and Trigona) quality of soil, air
and water
.44 Conservation of Ensuring environ- Y Taran Taran Punjab 350,000 N World Wide CSR00000257
Indus River Dol- mental sustain- Fund for Na-
phin in the Beas ability, eco- ture India
Conservation logical balance,
Reserve and conservation of
Harike Wildlife natural resources
Sanctuary and maintaining
and water
Total 96,573,110
(d) Amount spent in Administrative Overheads: NIL
(e) Amount spent on Impact Assessment, if applicable: Not Applicable
(f) Total amount spent for the Financial Year (8b+8c+8d+8e): `9.66 crore
(g) Excess amount for set off, if any: `0.06 crore

Sl. Particular Amount

No. (in `)
(i) Two percent of average net profit of the company as per section 135(5) 9.60 crore
(ii) Total amount spent for the Financial Year 9.66 crore
(iii) Excess amount spent for the Financial Year [(ii)-(i)] 0.06 crore
(iv) Surplus arising out of the CSR projects or programmes or activities of the previous 0.01 crore
financial years, if any
(v) Amount available for set off in succeeding financial years [(iii)+(iv)] 0.07 crore
9. (a) Details of Unspent CSR amount for the preceding three financial years: NIL
(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s): NIL
10. In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired
through CSR spent in the financial year: NIL
11. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section
135(5): Not Applicable
Sd/- Sd/-
Mr. Murali M. Natrajan Ms. Rupa Devi Singh
Managing Director & CEO Chairperson-Corporate Social
Responsibility Committee

DCB Bank Limited
CRITERIA FOR DETERMINING QUALIFICATIONS, • Remuneration of all employees including Senior

POSITIVE ATTRIBUTES AND INDEPENDENCE OF Management and KMPs are decided as per the
A DIRECTOR Compensation Policy of the Bank.
• The Board shall have minimum 3 and maximum 15 PARTICULARS OF EMPLOYEES

Directors, unless otherwise approved. No person
of age less than 21 years shall be appointed as a The Bank had 8077 employees as on March 31, 2022.
Director on the Board. 10 employees employed throughout the year were in
receipt of aggregate remuneration of not less than
• The Bank shall have such person on the Board who Rs.1.02 crore per annum and no employee was employed
complies with the requirements of the Companies for a part of the year. The details of top 10 employees
Act, 2013, the Banking Regulation (BR) Act, 1949, in terms of remuneration drawn pursuant to provisions
Provisions of the SEBI (Listing Obligations and of Section 197(12) of the Companies Act, 2013 read with
Disclosure Requirements) Regulations, 2015 (the Rule 5 (2) and 5(3) of the Companies (Appointment and
Listing Regulations), the ‘Fit & Proper’ criteria Remuneration of Managerial Personnel) Rules, 2014 are
prescribed by the Reserve Bank of India (RBI), appended separately (Annexure-I) and form part of this
Memorandum of Association and Articles of Report.
Association of the Bank and all other statutory
provisions and guidelines as may be applicable from The Report and Accounts are being sent to the
time to time. Shareholders excluding these particulars and any
Shareholder interested in obtaining the said details may
• Composition of the Board shall be in compliance write to the Company Secretary at the Registered Office
with the requirements of Regulation 17 (1) of the of the Bank
Listing Regulations.
EMPLOYEE STOCK OPTIONS
• Majority of the Directors as required under BR Act
shall have specialized knowledge/experience in The information pertaining to the Employee Stock
the areas like Agriculture, Banking, SSI, Legal, Risk Options is given in Annexure-II to this Report.
Management, Accountancy, Economy, Accountancy
PARTICULARS PURSUANT TO SECTION 197(12)
and Audit, Finance etc.
AND THE RELEVANT RULES
• All Directors shall abide by the Code of Conduct.
a) The ratio of the remuneration of each Director to the
• Directors shall not attract any disqualification and median employee’s remuneration for the financial
shall be persons of sound integrity and honesty, year ended March 31, 2022 and such other details as
apart from knowledge, experience, etc. in their prescribed are as given below:
respective fields
Name Ratio
POLICY RELATING TO THE REMUNERATION OF Mr. Nasser Munjee 2.3:1
DIRECTORS, KEY MANAGERIAL PERSONNEL (Chairman till 18-08-2021)
AND OTHER EMPLOYEES Mr. Murali M Natrajan 142:1
(Managing Director &CEO)
• MD & CEO, Company Secretary and Chief Financial
Officer shall be the Key Managerial Personnel (KMPs) b) The percentage increase in remuneration of each
of the Bank. Director, Chief Financial Officer, Chief Executive
Officer, Company Secretary or Manager, if any, in the
• Except for the Chairperson and the MD & CEO, financial year:
no other Directors are paid remuneration.
The Chairperson and the MD & CEO are paid Name Ratio
remuneration as approved by the RBI and other
Mr. Nasser Munjee (Chairman till 18-08-2021) 0%
applicable authorities. All Directors except the MD &
Mr. Murali M Natrajan 0%
CEO are entitled to sitting fees for attending various
(Managing Director& CEO)
Board and its Committee meetings.
Mr. Bharat Laxmidas Sampat 7%
• Independent Directors are not entitled for Employee (Chief Financial Officer)
Stock Options. Ms. Rubi Chaturvedi (Company Secretary) 25%

c) The percentage increase in the median remuneration THE DETAILS IN RESPECT OF ADEQUACY OF
of employees in the financial year: 0% INTERNAL FINANCIAL CONTROLS
d) The number of permanent employees on the rolls of The Bank has designed and implemented a process
Bank: 8029 driven framework for Internal Financial Controls (“IFC”)
within the meaning of the explanation to Section134
e) Average percentile increase already made in the (5)(e) of the Companies Act, 2013. For the year ended
salaries of employees other than the managerial March 31, 2022, the Board is of the opinion that the Bank
personnel in the last financial year ended March 31, has sound IFC commensurate with the nature and size
2022 and its comparison with the percentile increase of its business operations wherein controls are in place
in the managerial remuneration and justification and operating effectively and no material weaknesses
thereof and any exceptional circumstances for exist. The Bank has a process in place to continuously
increase in the managerial remuneration: Average monitor the existing controls and identify gaps, if any,
increase in remuneration is 7.83 % for employees other and implement new and/or improved controls wherever
than Managerial Personnel & 4.42 % for Managerial the effect of such gaps would have a material effect on
Personnel (KMP and Senior Management). There the Bank’s operation.
are no exceptional circumstances for increase in the
managerial remuneration. DIRECTORS’ RESPONSIBILITY STATEMENT
f) If remuneration is as per the Compensation Policy of Based on the frame work of internal financial controls
the Bank: Yes and compliance systems established and maintained by
the Bank, the work performed by the Internal, Statutory
PARTICULARS REGARDING CONSERVATION and Secretarial Auditors and the reviews performed by
OF ENERGY, TECHNOLOGY ABSORPTION AND the Management and the relevant Board Committees,
FOREIGN EXCHANGE EARNINGS AND OUTGO including the Audit Committee of the Board, the Board
is of the opinion that the Bank’s internal financial
The provisions of Section 134(3)(m) of the Companies
controls were adequate and effective during the year
Act, 2013 relating to conservation of energy and
ended March 31, 2022. Accordingly, pursuant to Section
technology absorption do not apply to the Bank. However,
134(5) of the Companies Act, 2013, based on the above
as mentioned in earlier part of the Report, the Bank has
and the representation received from the Operating
been continuously and extensively using technology in
Management, the Board of Directors, to the best of their
its operations. Foreign Exchange earnings and outgo are
knowledge and ability confirms that:
part of the normal banking business of the Bank.
(i) in the preparation of the annual accounts, the
ESTABLISHMENT OF VIGIL MECHANISM
applicable accounting standards have been followed
The Bank has in place a vigil mechanism pursuant to and that there were no material departure there
which a Whistle Blower Policy has been in vogue for from;
the last several years. The policy was last reviewed in FY
(ii) they have, in the selection of the accounting policies,
2021-22. This Policy, inter alia, provides a direct access to
consulted the Statutory Auditors and have applied
a Whistle Blower to the Chief of Internal Vigilance (CIV)
their recommendations consistently and made
and a dedicated e-mail id for this purpose is in place
judgments and estimates that are reasonable and
[email protected] having direct access to
prudent as to give a true and fair view of the state
CIV and Chairman of the Audit Committee of the Board
of affairs of the Bank as at March 31, 2022 and of the
(ACB).
profit of the Bank for the year ended on that date;
Chairman of the ACB also has dedicated email-ID cacb@
(iii) they have taken proper and sufficient care for the
dcbbank.com for getting complaint directly. The Whistle
maintenance of adequate accounting records in
Blower Policy covering all employees and Directors is
accordance with the provisions of the Companies
hosted on the Bank’s website at http://www.dcbbank.
Act, 2013, for safeguarding the assets of the Bank
com/cms/showpage/page/whistle-blower-policy.
and for preventing and detecting fraud and other
None of the Bank’s personnel have been denied access irregularities;
to the Audit Committee during the year.
(iv) they have prepared the annual accounts on a going
concern basis;

DCB Bank Limited
(v) they have laid down internal financial controls to be 02191943), Independent Director, as the Non-Executive
followed by the Bank and that such internal financial (Part-Time) Chairperson of the Bank, subject to approval
controls are adequate and were operating effectively of the Reserve Bank of India (RBI) and shareholders. The
during the year ended March 31, 2022; and RBI approval is still awaited. The Shareholders approval
will be sought thereafter.
(vi)
proper system has been devised to ensure
compliance with the provisions of all applicable laws The Board of Directors on April 7, 2022 had taken on
and that such systems were adequate and operating record the approval of the Reserve Bank of India vide
effectively during the year ended March 31, 2022. letter Ref. DOR.GOV.No.S4841/29.03.001/2021-22 dated
March 30, 2022 approving re-appointment of Mr. Murali
COPY OF THE ANNUAL RETURN M. Natrajan as the MD & CEO of the Bank for a period of
two year from April 29, 2022 till April 28, 2024. The Board
A copy of the Annual Return as of March 31, 2022
of Directors of the Bank recommends his re-appointment
pursuant to the sub-section (3) of Section 92 of
at the ensuing AGM for approval of Shareholders.
the Companies Act, 2013 read with Rule 11(1) of the
Companies (Management and Administration) Rules, A brief resume relating to the persons who are to be
2014 and forming part of this Report is placed on the re-appointed as Director for approval of Shareholders
website of the Bank as per provisions of Section134(3) and Managing Director & CEO, are furnished in the notice
(a) and is available at the following link: of the 27th AGM. and Corporate Governance Report
Based on the disclosures provided by them, none of
https://www.dcbbank.com/cms/showpage/page/about-
the above mentioned persons is disqualified from being
uscorporate-governance
appointed as a Director in terms of Section 164 of the
CORPORATE GOVERNANCE Companies Act, 2013. The Certificate dated May 7, 2022
issued by M/s. Ananthasubramanian & Co., Practicing
The Bank has been continuously observing the best Company Secretaries in this regard is attached to and
corporate governance practices and benchmarks forming part of this report.
itself against each such practice. A separate section
on Corporate Governance and a Certificate from M/s In the opinion of the Board of Directors, all the above
S. N. Ananthasubramanian & Co, Practicing Company mentioned Directors being re-appointed during the year,
Secretaries, regarding compliance with the conditions of possess the required integrity, expertise and experience.
Corporate Governance as stipulated in Schedule V of the
None of the Directors of the Bank is related to each other
SEBI (Listing Obligations and Disclosure Requirements)
per se.
Regulations, 2015 forms part of this Annual Report.
CHANGE IN KEY MANAGERIAL PERSONNEL
DIRECTORS
There was no change in the Key Managerial Personnel of
During FY 2022, Mr. Tarun Balram and Mr. Thiyagarajan
the Bank during the year ended March 31, 2022
Kumar, Independent Directors were appointed as
the Additional Directors of the Bank with effect from A STATEMENT INDICATING THE MANNER IN
January 24, 2022 and February 10, 2022 respectively. WHICH FORMAL ANNUAL EVALUATION HAS
The Shareholders had approved their appointment as BEEN MADE BY THE BOARD OF ITS OWN
Independent Directors through Postal Ballot concluded PERFORMANCE AND THAT OF ITS COMMITTEES
on March 22, 2022. AND INDIVIDUAL DIRECTORS
Mr. Iqbal Khan (DIN-07870063) is liable to retire by rotation As per the Board Evaluation Policy of the Bank, evaluation
and being eligible, has offered him for re-appointment. exercise of all Directors, Board as a whole and its various
Committees was conducted during the year.
Mr. Nasser Munjee (DIN 00010180), Non-Executive Part
Time Chairman of the Bank has retired as Director and The Board review focused on governance, board
the Non-Executive Part Time Chairman of the Bank on structure and composition, relationship and dynamics of
August 18, 2021 on completion of the tenure approved by the Board, frequency of meetings, information flow and
the Reserve Bank of India. agenda etc.
The Board of Directors of the Bank at its Meeting held The Committee review focused on the composition,
on January 14, 2022 appointed Ms. Rupa Devi Singh (DIN adequacy of terms of reference of various committees,

frequency of meetings etc. No. 004207S) as the Joint Statutory Auditors of the
Bank for FY 2022-23.
The individual Board members review focused on
relevant qualification/skill sets, understanding of the SECRETARIAL AUDIT REPORT
Bank and banking industry, contribution in meetings,
attendance etc. Pursuant to the requirements of the Companies Act,
2013, the Bank has appointed M/s. Ananthasubramanian
The findings of the exercise were discussed in the & Co., Practicing Company Secretaries (COP 1774) as
meetings of Independent Directors, Nomination and the Secretarial Auditor for FY 2021-22 and their report is
Remuneration Committee and the Board. The appropriate attached separately to this Report.
feedback was conveyed to each Director. The Board was
satisfied with the performance of each Member, the ACKNOWLEDGEMENTS
Board and various Committees. Since Mr. Tarun Balram
Your Board wishes to thank the principal Shareholder
and Mr. T. Kumar joined the Board in last quarter, they did
and Promoters, the Aga Khan Fund for Economic
not participate in the evaluation exercise..
Development S.A. (AKFED) and all the other Shareholders
THE DETAILS OF FAMILIARISATION for the confidence and trust they have reposed in the
PROGRAMME ARRANGED FOR INDEPENDENT Bank. Your Board also acknowledges with appreciation
DIRECTORS HAVE BEEN DISCLOSED ON the Reserve Bank of India (RBI) for its valuable guidance
WEBSITE OF THE BANK AND ARE AVAILABLE and support to the Bank. Your Board similarly expresses
AT THE FOLLOWING LINK: gratitude for the assistance and co-operation extended by
SEBI, BSE, NSE, NSDL, CDSL, NPCIL, Central Government
https://www.dcbbank.com/upload/pdf/Familarisation- and the Governments of various States, Union Territories
Programme-for-Independent-Directors.pdf and the National Capital Region of Delhi where the Bank
has its branches.
STATUTORY AUDITORS
Your Board acknowledges with appreciation, the
In the Twenty Sixth Annual General Meeting (26th invaluable support provided by the Bank’s auditors,
AGM) held on August 13, 2021, the terms of M/s S R lawyers, business partners and investors. Your Board is
Batliboi & Associates LLP, Chartered Accountants also thankful for the continued co-operation of various
(Registration No.101049W/E300004) were revised financial institutions and correspondents in India and
from 4 years to 3 years from the FY 2020-21 till (and abroad.
including) the FY 2022-23 as Statutory Auditors of the
Bank to hold office for three (3) years from their original Your Board wishes to sincerely thank all its customers
appointment at the Twenty Fifth Annual General for their patronage. Your Board records with sincere
Meeting as per the requirements of the guidelines dated appreciation the valuable contribution made by
April 27, 2021, issued by Reserve Bank of India (RBI). employees at all levels and looks forward to their
Pursuant to the said RBI Guidelines, M/s Sundaram & continued commitment to achieve further growth and
Srinivasan, Chartered Accountants, (ICAI Registration take up more challenges that the Bank has set for the
No. 004207S), were also appointed as Joint Statutory future.
Auditors of the Bank in the 26th AGM. As such, both
the statutory auditors are working as joint statutory On behalf of the Board of Directors
auditors for the Bank from FY 2021-22.
As per the extant provisions, the RBI gives permission for

SD/- SD/-
appointment of auditor on year-to-year basis till expiry
Murali M. Natrajan Mr. Somasundaram PR
of the tenure of the Statutory Auditors. Accordingly
MD & CEO Independent Director
relevant application have been made to RBI requesting
its approval for appointment of M/s. S R Batliboi &
Place: Mumbai
Associates LLP, Chartered Accountants (Registration
Date: May 7, 2022
No. 101049W/E300004) and M/s Sundaram &
Srinivasan, Chartered Accountants, (ICAI Registration

DCB Bank Limited
Annexure-II to Directors’ Report
[Details of the Employee Stock Option Scheme (ESOS) as of March 31, 2022 pursuant to the requirements under
Regulation 14 of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity)
Regulations, 2021]
• The Bank has only one ESOS viz. DCB Bank Ltd. –Employee Stock Option Plan consisting of Sub- Plan I (MANCO)
and Sub-Plan II (Non-MANCO). (MANCO- Management Committee)
• During the year under review, the Bank has changed term of the ESOS on August 13, 2021 (within the approval
granted by Shareholders).
• The ESOS is in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and
Sweat Equity) Regulations, 2021.
The following details, have been disclosed on the Bank’s website at:
http://www.dcbbank.com/cms/showpage/page/disclosures
a. Relevant disclosures in terms of the ‘Guidance note on accounting for employee share-based payments’ issued by
ICAI or any other relevant accounting standards as prescribed from time to time.
b. Diluted EPS on issue of shares pursuant to all the schemes covered under the regulations shall be disclosed in
accordance with ‘Accounting Standard 20 - Earnings Per Share’ issued by ICAI or any other relevant accounting
standards as prescribed from time to time.
Details related to ESOS:
(i) The Bank had in existence only one ESOS during the year viz. DCB Bank Ltd. – Employee Stock Option Plan
consisting of Sub- Plan I (MANCO) and Sub-Plan II (Non-MANCO). The general terms and conditions of the same
as given below:
Description Sub- Plans I (MANCO) Sub-Plan II (Non-MANCO)

(a) D
ate of shareholders’ December 15, 2006 December 15, 2006
approval
(b) T
otal number of options 4% of the Issued Capital of the Bank 3% of the Issued Capital of the Bank
approved under ESOS on an ongoing basis. on an ongoing basis.
(c) Vesting requirements 30%,30%,20% and 20% at end of 2nd 30%,30%,20% and 20% at end of 2nd
,3rd, 4th and 5th year respectively for the ,3rd, 4th and 5th year respectively for the
Options granted till December 31, 2020 Options granted till December 31, 2020
and 33.33% at the end of 1st year, 33.33% and 33.33% at the end of 1st year, 33.33%
at the end of 2nd year and 33.34% at the at the end of 2nd year and 33.34% at the
end of 3rd year for the Options granted end of 3rd year for the Options granted
on or after January 1, 2021, subject to on or after January 1, 2021, subject to
the conditions of vesting for death, the conditions of vesting for death,
permanent disability or retirement of permanent disability or retirement of
an employee. an employee..
(d) E
xercise price or pricing The Exercise price of the Option shall The Exercise price of the Option shall
formula be at a price related to the Market Price be at a price related to the Market Price
as decided by the Board/ Nomination as decided by the Board/ Nomination
Committee Committee.

Description Sub- Plans I (MANCO) Sub-Plan II (Non-MANCO)

(e) M
aximum term of options Vesting would be within 5 years Vesting would be within 5 years
granted from the date of grant and shall be from the date of grant and shall be
exercised within 10 years from the exercised within 10 years from the
date of vesting subject to conditions date of vesting subject to conditions
of vesting and exercise for death, of vesting and exercise for death,
permanent disability or retirement of permanent disability or retirement of
an employee. an employee
(f) S
ource of shares Primary Primary
(primary, secondary or
combination)
(g) Variation in terms of As given below As given below
Options
Summary of the changes made in the existing ESOP Plan of the Bank, within the framework of the terms approved
previously by the Board/ Shareholders:
Clause No. Description Term before the change Changed Term
21.1 Exercise of vested Vested options to be exercised Vested options to be exercised

Options in case of within 180 (One hundred eighty) within nine months from the date
termination due to days from the date of termination of termination or expiry of original
resignation or expiry of original Exercise Period Exercise Period whichever is early
whichever is early
21.2 Exercise of vested Vested options to be exercised Vested options to be exercised
Options in case of within 180 (One hundred eighty) within 18 (eighteen) months from
termination due to days from the date of Retirement the date of Retirement or expiry of
retirement or expiry of original Exercise Period original Exercise Period whichever
whichever is early. All the unvested is early. All the unvested Options
Options granted till December 31, granted till December 31, 2020 shall
2020 shall vest immediately on the vest immediately on the date of
date of retirement. retirement.
21.2(a) Exercise of vested All the unvested Options granted All the unvested Options granted
Options in case of till December 31, 2020 shall till December 31, 2020 shall
termination due to vest immediately on the date of vest immediately on the date of
retirement and Vesting retirement and to be exercised retirement and to be exercised
of Unvested Options a within 180 (One hundred eighty) within 18 (eighteen) months from
days from the date of Retirement the date of Retirement or expiry of
or expiry of original Exercise Period original Exercise Period whichever
whichever is early. is early.
All the unvested Options which All the unvested Options which
were granted on or after January were granted on or after January
1, 2021, should continue to vest 1, 2021, should continue to vest
after retirement as per the original after retirement as per the original
Vesting Schedule as outlined in the Vesting Schedule as outlined in the
relevant Offer and to be exercised relevant Offer and to be exercised
within 180 days from the date of within 18 (eighteen) months from
Retirement the respective dates of the Vesting.

DCB Bank Limited
Clause No. Description Term before the change Changed Term
21.3(a) Vesting and Exercise All the unvested Options will All the unvested Options will
of vested Options on vest immediately on the date of vest immediately on the date of
termination due to permanent disability. The Vested permanent disability. The Vested
Permanent Disability of Options shall be permitted to be Options shall be permitted to be
the Grantee exercised within 180(One hundred exercised within 18 (eighteen)
eighty days) from the date of such months from the date of such
permanent disability or before permanent disability or before
the expiry of the original exercise the expiry of the original exercise
period whichever is early. period whichever is early
21.3(b) Vesting and Exercise of All the Vested Options may be All the Vested Options may be
vested Options on death exercised by Nominee or by Legal exercised by Nominee or by Legal
of the Grantee Heir, as the case may be, within Heir, as the case may be, within 18
180 (One hundred eighty) days (eighteen) months from the date
from the date of the death of the of the death of the participant
participant or expiry of the original or expiry of the original exercise
exercise period whichever is early. period whichever is early. All
All unvested options will also vest unvested options will also vest
on the date of death and will be on the date of death and will be
exercised in the same manner. exercised in the same manner.
Sub Plan I Exercise period and the In the event, the Participant resigns In the event, the Participant resigns,
and II Point process of exercise or retires, all vested Options shall all vested Options shall be exercised
no.5 be exercised by such Participant by such Participant within 9 (Nine)
no later than 180 (One hundred months from the date of such
eighty) days from the date of such resignation or expiry of the original
resignation /retirement or expiry exercise period, whichever is early
of the original exercise period,
whichever is early. In the event, the Participant retires,
all the vested Options shall be
exercised by such Participant
within 18 (Eighteen) months from
the date of such retirement or
relevant vesting or expiry of the
original exercise period, whichever
is early
(ii) Method used to account for ESOS - Intrinsic value method up to March 31, 2021 and Fair Value method after
March 31, 2021.
(iii) Where the Bank opts for expensing of the options using the intrinsic value of the options:
The difference between the employee compensation Had the Bank followed fair value method for accounting
cost so computed and the employee compensation the stock options, compensation expense would have
cost that shall have been recognized if it had used the been higher by ` 1.27 crore. Consequently profit after
fair value of the options tax would have been lower by that extent. The basic
EPS of the Bank would have been ` 9.21 per share and
The impact of this difference on profits and on EPS of the Diluted EPS would have been ` 9.15 per share.
the Bank

(iv) Option movement during the year:
Particulars Details
Number of options outstanding at the beginning of the period 8,275,840
Number of options granted during the year 1,031,524
Number of options forfeited / lapsed during the year 215,400
Number of options vested during the year 401,700
Number of options exercised during the year 440,350
Number of shares arising as a result of exercise of Options 440,350
Money realized by exercise of options (INR){if scheme is implemented directly by the Bank} 23,219,927.50
Loan repaid by the Trust during the year from exercise price received Not Applicable
Number of options outstanding at the end of the year 8,651,614
Number of options exercisable at the end of the year 6,077,590
(v) The Weighted-average exercise price of the Options granted during the year is ` 86.45 and the weighted-
average fair value is ` 33.49.
(vi) Employee wise details (name of employee, designation, number of options granted during the year, exercise
price) of options granted to:
a) senior managerial personnel
Sr. Name of the employee and their Designation Options Exercise Price(`)
No. Granted per Option
1 AJIT SINGH 83,980 86.45
EVP-Head Treasury and FIG
2 Abhijit Bose 117,785 86.45
President and Chief Credit Officer
3 Bharat Laxmidas Sampat 162,933 86.45
President and Chief Financial Officer
4 Jayaraman Vishwanath 137,929 86.45
President and Head-Corporate and SME Banking
5 Narendranath Mishra 84,831 86.45
EVP and Head Agri and Inclusive Banking
6 Praveen Achuthan Kutty 214,150 86.45
President and Head- Retail Banking
7 R Venkattesh 183,021 86.45
President and Head- IT, HR, Operations & CIO
8 Sridhar Seshadri 46,895 86.45
President and Chief Risk Officer
(b) any other employee who receives a grant in any one year of option amounting to 5% or None
more of option granted during that year
(c) identified employees who were granted option, during any one year, equal to or exceeding None
1% of the issued capital (excluding outstanding warrants and conversions) of the Bank
at the time of grant.

DCB Bank Limited
(vii) A description of the method and significant assumptions used during the year to estimate the fair value of
options including the following information:
(a) the weighted-average values of share price, (i) weighted-average values of share price- ` 86.45
exercise price, expected volatility, expected (ii) weighted-average exercise price- ` 86.45
option life, expected dividends, the risk-free (iii) expected volatility- 38.85% to 41.32%
interest rate and any other inputs to the (iv) expected option life- 3.77 to. 5.77 years
model; (v) expected dividends- 1.16%
(vi) risk-free interest rate- 5.47% to 6.15%
(b) the method used and the assumptions The method recognizes that employees’ exercise behavior
made to incorporate the effects of expected is correlated with the price of the underlying share. Pricing
early exercise; model assumes that option holder voluntarily exercises
early if the stock price is greater than the exercise price.
To incorporate the effects of expected early exercise,
assumptions also include employee exit rate pre-vesting,
employee exit rate post-vesting
(c) how expected volatility was determined, Expected volatility was determined based on historical
including an explanation of the extent to volatility data; historical volatility includes data since
which expected volatility was based on listing.
historical volatility; and
(d) whether and how any other features of the As aforesaid, various features were incorporated into the
option grant were incorporated into the measurement of fair value.
measurement of fair value, such as a market
condition.
Disclosures in respect of grants made in three years prior to IPO under the ESOS: All the Options granted in the three
years prior to the IPO have either been exercised or have lapsed.

CORPORATE GOVERNANCE
Report on Corporate Governance pursuant to Schedule Companies (Appointment and Qualification of Directors)
V (C) of the Securities and Exchange Board of India fifth Amendment Rules, 2019 or any other related Rules,
(Listing Obligations and Disclosure Requirements) all the Independent Directors of the Bank are enrolled
Regulations, 2015 (the Listing Regulations) and with the databank of Independent Directors maintained
forming Part of the Directors’ Report for the year by the Government.
ended March 31, 2022.
All the Directors of the Bank and their relatives together
The Bank has complied with the corporate governance hold total 2,402,945 Equity Shares of the Bank (0.77% of
requirements specified in regulation 17 to 27 and clauses Capital) i.e. less than 2% of the Equity Share Shares of the
(b) to (i) of sub-regulation (2) of Regulation 46 and Para Bank as on March 31, 2022.
C, D and E of Schedule V of the Listing Regulations.
COMPOSITION OF THE BOARD OF DIRECTORS
PHILOSOPHY ON CODE OF CORPORATE AS ON MARCH 31, 2022
GOVERNANCE
Ms. Rupa Devi Singh is the Chairperson of the Bank
The Bank on an ongoing basis continues to believe w.e.f. January 14, 2022 (subject to approval of RBI and
strongly in adopting and adhering to the best corporate Shareholders). She is an Independent Director of the
governance practices and benchmarking itself against Bank since January 22, 2015. She was the founder MD &
the industry’s best practices. It is the Bank’s ongoing CEO of Power Exchange India Ltd (PXIL), a nationwide
endeavour to achieve the highest levels of governance Exchange for electricity trading, promoted by NSE
as a part of its responsibility towards the Shareholders & NCDEX. Prior to PXIL she worked as a director with
and other Stakeholders. Transparency and integrity CRISIL Infrastructure Advisory for 4 years and SBI
continue to be the cornerstones for good governance, Capital Markets for 5 years. She served SBI for 26 years
and the Bank is strongly committed to these principles holding various senior positions across the country. Her
for enhancing the Stakeholders’ value. repertoire of experience includes commercial banking,
Investment Banking, Strategic Consulting & Overseas
BOARD OF DIRECTORS Marketing and as CEO of a Spot Commodity Exchange
(PXIL). As a strategic consultant she has advised clients
The Bank, as on date of this Report, has a Board elected
across manufacturing and services sectors in taking
Non-Executive (Part-time) Chairperson (subject to
investment decisions leading to setting up of a number
approval of RBI and Shareholders), a Managing Director
of successful businesses. She is also serving on the
& Chief Executive Officer (MD & CEO), and nine (9)
Boards of a few companies in the energy sector, both
other Directors on its Board.
conventional and renewable generation as well as coal.
Except for the Directors Mr. Shaffiq Dharamshi, Mr. Iqbal Ms. Singh is a graduate in science and a post-graduate in
Khan and the MD & CEO Mr. Murali M. Natrajan, all the law from the University of Delhi and holds CAIIB
other 8 Directors are ‘Independent’. As against the
Ms. Singh does not hold any Equity Shares in the Bank as
requirement of the Listing Regulations for the number
on March 31, 2022.
of Independent Directors to be more than 1/3rd of the
total number of Directors, your Board has 72.72% of Mr. Amyn Jassani, an Independent Director of the
its Directors in the ‘Independent’ category which also Bank, is a Fellow member of the Institute of Chartered
includes a ‘Woman Independent Director’. The day-to- Accountants of India with more than 30 years of
day management of the Bank is entrusted to the Senior experience, mainly with the big four accounting firms. He
Managerial team under the leadership of the MD & CEO is also a member of the Institute of Company Secretaries
who operates under the superintendence, direction and of India and has passed the Certified Information System
control of the Board. The Board reviews and approves Auditor’s (CISA) examination.
strategy and oversees the actions and performance
of the management periodically for enhancing the Mr. Amyn Jassani holds 100 Equity Shares in the Bank as
Stakeholders’ value. on March 31, 2022.
In terms of Companies (Creation and Maintenance of Mr. Ashok Barat, an Independent Director, is a Fellow of
Databank of Independent Directors) Rules 2019 read with the Institute of Chartered Accountants of India and of the

DCB Bank Limited
Institute of Company Secretaries of India, Associate of the Mr. Shabbir Merchant holds 850 Equity Shares in the
Institute of Chartered Accountants of England & Wales Bank as on March 31, 2022
and CPA, Australia. He has held responsible and senior
leadership positions in various Indian and multinational Mr. Shaffiq Dharamshi, a Non-Executive Director of the
organizations, both in India and overseas. He is on the Bank since January 13, 2015, is a professional banker with
Board of several other companies and advises businesses over twenty years of senior management experience in
on governance, performance and strategy. the Middle East and Africa. He is Head of Banking for
Aga Khan Fund for Economic Development (AKFED)
Mr. Ashok Barat is a Past President of the Bombay and responsible for providing oversight on operations of
Chamber of Commerce and Industry, and of the Council financial institutions in the AKFED portfolio across Asia
of EU Chambers of Commerce in India; presently a and Africa. Prior to taking this position, Mr. Dharamshi was
member of the Managing Committee of ASSOCHAM. He Senior Vice President, Wholesale Credit Risk Management
is a Certified Mediator empanelled with the Ministry of at Mashreq Bank in Dubai. Before joining Mashreq Bank,
Corporate Affairs, Government of India. He is a regular Mr. Dharamshi spent 17 years with Citibank in a wide range
speaker at public forums particularly supporting family of positions across different areas of the bank in Africa
businesses, start-ups and SMEs from overseas looking at and the Middle East. His last position with Citibank was
establishing and growing their business footprint in India Country Risk Head for Kuwait and Levant. Mr. Dharamshi
holds a B. Sc. in Economics from Trent University, Ontario
Mr. Ashok Barat does not hold any Equity Shares in the Canada and a M.Sc. from the London School of Economics.
Bank as on March 31, 2022. Mr. Dharamshi also serves on the Boards of Diamond Trust
Bank Limited-Tanzania, Diamond Trust Bank Limited-
Mr. Iqbal Khan, a Non-Executive Director of the Bank,
Uganda, Diamond Trust Bank Limited-Kenya, Kyrgyz
is a Senior Partner at Shardul Amarchand Mangaldas
Investment and Credit Bank-Kyrgyzstan, First Microfinance
& Co. and a member of the Private Equity and Mergers
Bank-Tajikistan and Habib Bank Limited-Pakistan
& Acquisitions Practice Group. He advises some of the
largest sovereign wealth funds, global private equity funds Mr. Dharamshi does not hold any Equity Shares in the
and strategic corporate, and specializes in private equity Bank as on March 31, 2022.
investments, private and public mergers and acquisitions
(both domestic and cross-border), joint ventures and Mr. Somasundaram PR, an Independent Director of the
foreign investment laws. Mr. Iqbal finished his J.D. from Bank, is a Chartered Accountant with over 30 years’
Columbia Law School (as a Harlan Fisk Stone Scholar) experience across Unilever Group companies in India and
and LLB. From London School of Economics and Political abroad, Standard Chartered Bank and others. Currently
Science. Mr. Iqbal has also worked at Kirkland & Ellis LLP, he is the Regional CEO- India of the World Gold Council.
New York and at Paul, Weiss, Rifkind, Wharton & Garrison
LLP, New York. He is enrolled with the Bar Council of Mr. Somasundaram PR does not hold any Equity Shares
Maharashtra & Goa. in the Bank as on March 31, 2022.
Mr. Iqbal Khan does not hold any Equity Shares in the Mr. Tarun Balram is an Independent Director of the Bank
Bank as on March 31, 2022 w.e.f. January 24, 2022. He is a senior banker with almost
30 years of experience with HSBC in the Corporate
Mr. Rafiq Ramzanali Somani, an Independent Director and Institutional banking domain. He worked in various
of the Bank, is B.E in Computer Science with 32 years capacities including Managing Director and Head India
of experience in Information and Technology field. He - Corporate & Institutional Banking, covering HSBC’s
is a Master in Marketing Management. Currently he is a Corporate & Financial Sector Clients (local and multi-
Director at ANSYS Software Pvt. Ltd. national). He has also played an active leadership role in
championing HSBC India’s Diversity & Inclusion agenda
Mr. Rafiq Ramzanali Somani holds 1,238 Equity Shares in as well as been a mentor to several middle-management
the Bank as on March 31, 2022. executives, guiding them through their career journey.
Mr. Tarun Balram is a Commerce graduate from Delhi
Mr. Shabbir Merchant, an Independent Director of the
University post which, he undertook a double Masters
Bank, holds a Masters in Personnel Management with
in Business Economics and Business Management,
more than 31 years of experience. He is the founder of
respectively.
Valulead Consulting, a leadership consulting firm. His firm
partners with clients in Asia & Europe for strategic talent Mr. Tarun Balram does not hold any Equity Shares in the
management, leadership development, organization Bank as on March 31, 2022.
transformation and top team synergy.

Mr. Thiyagarajan Kumar is an Independent Director of Head of SME Banking, Standard Chartered Bank and was
the Bank w.e.f. February 10, 2022. He is a Business Leader reporting to the CEO Global Consumer Banking. He was
with over 36 years of experience with the Unilever group, managing 27 countries and in collaboration with country
Times Group, in the Finance, Commercial, Governance, teams was, inter alia, responsible for strategy, product
Audit / Assurance functions. He currently serves in an creation, franchise development and portfolio quality.
active leadership role in the Times group as Director, From November, 2004 to June, 2008, he was the Head
Management Assurance Services. He worked in various of Consumer Banking (including SME Banking), India &
capacities including General Manager – Finance, Audit Nepal, Standard Chartered Bank. He was responsible for
Director with Unilever from October 1986 to Sep 2008. Strategy, Business, Credit, Finance, Human Resources,
Sales, Service, Operations, Distribution, Marketing,
He is associated as Member of the Governing Council Business Analytics and Projects. In Standard Chartered
of Loyola Institute of Business Administration (LIBA), Bank, he was a member of Global Executive Forum.
Chennai, Secretary, Loyola Alumni Association, Delhi, and
the council member of parent Alumni body at Chennai. In 1984, he started his career in India with American
He was also past president of the Institute of Internal Express, Travel Related Services where he worked for five
Auditors, India. years. He gained experience in Business Planning,Finance
and Operations. He was posted in Hong Kong / Singapore
He is B. Com, Associate of Institute of Chartered Accountants from August, 1987 to February, 1989. In October 1989,
of India, Associate of Institute of Cost and Works he joined Citibank consumer division where he spent 14
Accountants of India and completed his Post Graduate years in various departments (Operations, Credit, Risk,
Diploma in Management Accountancy Course, ICAI. Finance, Product, Marketing and Business). Globally, this
was the time when consumer banking was taking shape.
Mr. Thiyagarajan Kumar does not hold any Equity Shares
As Business Manager of Cards, he launched several
in the Bank as on March 31, 2022
innovative products – Times Card, Women’s Card, Indian
Mr. Murali M. Natrajan, FCA, Managing Director & Chief Oil Card, Loan-on-Phone and Jet Airways Co-Brand.
Executive Officer of the Bank since April, 2009, has 38 Loan on Phone later became a global success. He was
years global experience in financial services. This includes responsible for the turnaround of Credit Cards business. In
Branch Banking, Mortgages, Credit Cards, Personal the year 2000, Citibank promoted him as Cards Business
Loans, Wealth Management, SME, MSME, Corporate Director of Hong Kong. Later in July, 2002, he moved to
Banking, Agriculture, Operations, Technology, Credit Citibank Indonesia where he managed Cards Business and
Risk, Re-engineering, Finance, Marketing and Product Consumer Finance. For a brief period in 2002, he worked
Management. He has had successful international stints in Citibank – Consumer Division, South Korea.
in Singapore, Hong Kong, South Korea and Indonesia.
Mr. Murali M. Natrajan holds 2,400,000 Equity Shares in
Prior to joining the Bank, Mr. Natrajan worked as Global
the Bank as on March 31, 2022
OTHER LISTED ENTITIES IN WHICH THE BANK’S DIRECTORS ARE DIRECTORS AND CATEGORY OF
THEIR DIRECTORSHIP AS ON MARCH 31, 2022
Sr. No. Name of the Director Other Listed Entity in which he/she is a Director Category of Directorship
1 Ms. Rupa Devi Singh JSW Energy Limited Independent Director
2 Mr. Murali M. Natrajan NIL Not Applicable
3 Mr. Amyn Jassani NIL Not Applicable
4 Mr. Ashok Barat 1. Cholamandalam Investment and Finance Company Independent Director
Limited
2. Alembic Pharmaceuticals Limited Independent Director
3. Bata India Limited Independent Director
4. Birlasoft Limited Independent Director
5. Huhtamaki India Limited Independent Director
5 Mr. Iqbal Ishak Khan NIL Not Applicable
6 Mr. Rafiq Somani NIL Not Applicable
7 Mr. Shabbir Merchant NIL Not Applicable

DCB Bank Limited
Sr. No. Name of the Director Other Listed Entity in which he/she is a Director Category of Directorship
8 Mr. Shaffiq Dharmashi NIL Not Applicable
9 Mr. Somasundaram PR NIL Not Applicable
10 Mr. Tarun Balram** NIL Not Applicable
11 Mr. Thiyagarajan Kumar# NIL Not Applicable
** Appointed as an Additional Independent Director w.e.f. January 24, 2022

# Appointed as an Additional Independent Director w.e.f. February 10, 2022
Board Diversity and Expertise
The skill or competencies for the members of the Board of the Banking companies are provided in Section 10 A of
the Banking Regulation Act, 1949. Accordingly, skills were identified for the Bank’s Board of Directors. The details of
identified skills and the names of Directors who are having the identified skills are given below:
Identified Skill Name of Director(s) having Identified Skill Name of Director(s) having
identified skill identified skill
(i) Accountancy & Audit Mr. Ashok Barat (vi) Law Mr. Iqbal Khan
Mr. Murali M. Natrajan Ms. Rupa Devi Singh
Mr. Somasundaram PR Mr. Amyn Jassani
Mr. Amyn Jassani (vii)Small-scale industry Mr. Murali M. Natrajan
Mr. Shaffiq Dharamshi Ms. Rupa Devi Singh
Mr. Thiyagarajan Kumar Mr. Rafiq Somani
(ii) Agriculture and rural Ms. Rupa Devi Singh (viii)Information Mr. Rafiq Somani
economy Mr. Rafiq Somani Technology Mr. Murali M. Natrajan
Mr. Murali M. Natrajan Mr. Amyn Jassani
(iii)Banking Mr. Murali M. Natrajan (ix) Payment & Mr. Murali M. Natrajan
Ms. Rupa Devi Singh Settlement Systems Mr. Somasundaram PR
Mr. Somasundaram PR Ms. Rupa Devi Singh
Mr. Shaffiq Dharamshi Mr. Shaffiq Dharamshi
Mr. Tarun Balram Mr. Tarun Balram
Mr. Thiyagarajan Kumar (x) Human Resources Mr. Shabbir Merchant
(iv) Economics Mr. Murali M. Natrajan Mr. Murali M. Natrajan
Mr. Somasundaram PR Mr. Somasundaram PR
Mr. Shaffiq Dharamshi Ms. Rupa Devi Singh
Mr. Amyn Jassani Mr. Amyn Jassani
Mr. Thiyagarajan Kumar Mr. Tarun Balram
(v)Finance Mr. Murali M. Natrajan Mr. Thiyagarajan Kumar
Mr. Ashok Barat (xi) Risk Management Mr. Shaffiq Dharamshi
Ms. Rupa Devi Singh Mr. Amyn Jassani
Mr. Amyn Jassani Mr. Murali M. Natrajan
Mr. Somasundaram PR Ms. Rupa Devi Singh
Mr. Tarun Balram Mr. Tarun Balram
Mr. Thiyagarajan Kumar Mr. Thiyagarajan Kumar

Identified Skill Name of Director(s) having Identified Skill Name of Director(s) having
identified skill identified skill
(xii) Business Mr. Murali M. Natrajan (xiv) Merger & Mr. Somasundaram PR
Management Ms. Rupa Devi Singh Acquisitions & Strategic Mr. Iqbal Khan
Options
Mr. Somasundaram PR Mr. Ashok Barat
Mr. Rafiq Somani Ms. Rupa Devi Singh
Mr. Ashok Barat Mr. Murali M. Natrajan
Mr. Tarun Balram
Mr. Thiyagarajan Kumar
(xiii) Product Mr. Murali M. Natrajan
Development & Mr. Rafiq Somani
Marketing
Mr. Somasundaram PR
Ms. Rupa Devi Singh
Composition of Board of Directors as on March 31, 2022
Sr. No. Name of Director Executive / Non-Executive Independent / Non-Independent

Director Director
1 Chairperson (Part-time)
Ms. Rupa Devi Singh* Non-Executive Director Independent Director
(w.e.f. January 14, 2022)
2 Managing Director
Mr. Murali M. Natrajan Executive Director Non-Independent Director
3 Mr. Amyn Jassani Non-Executive Director Independent Director
4 Mr. Ashok Barat Non-Executive Director Independent Director
5 Mr. Iqbal Ishak Khan Non-Executive Director Non-Independent Director
6 Mr. Rafiq Somani Non-Executive Director Independent Director
7 Mr. Shabbir Merchant Non-Executive Director Independent Director
8 Mr. Shaffiq Dharamshi Non-Executive Director Non-Independent Director
9 Mr. Somasundaram PR Non-Executive Director Independent Director
10 Mr. Tarun Balram Non-Executive Director Independent Director
11 Mr. Thiyagarajan Kumar Non-Executive Director Independent Director
*Subject to approval of RBI and Shareholders
In the opinion of the Board, the Independent Directors fulfil the conditions specified in the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 and are independent of the management.
During the year Mr. Nasser Munjee Non-Executive-Part Time Chairman has ceased to be the Director of the Bank on
August 18, 2021 after completing the term approved by the Reserve Bank of India as the Chairman of the Bank.
During the year ended March 31, 2022, Fifteen (15) Board Meetings were held on April 19, 2021, May 08, 2021, July 13, 2021,
July 31, 2021, August 07, 2021, August 13, 2021, September 15, 2021, October 20, 2021, October 27,2021, October 30,2021,
January 14, 2022, January 24,2022,January 29,2022 , February 09, 2022 and March 31, 2022. Details of attendance at
the Bank’s Board Meetings, Directorship, Membership and Chairmanship in other companies for each Director of the
Bank are as follows:

DCB Bank Limited
Name of Director Attendance Directorship Directorship Membership Chairmanship

at the Bank’s of other Indian of other of other Listed of other Listed
Board public limited Companies Companies’ Companies’
Meetings listed Companies Committees # Committees#
Mr. Nasser Munjee* 6 4 8 2 2
Ms. Rupa Devi Singh@ 15 1 4 1
Mr. Amyn Jassani 15 - - - -
Mr. Ashok Barat 15 5 1 2 3
Mr. Iqbal Khan 11 - - - -
Mr. Rafiq Somani 14 - 1 - -
Mr. Shabbir Merchant 15 - - - -
Mr. Shaffiq Dharamshi 13 - 6 - -
Mr. Somasundaram PR 15 - 4 - -
Mr. Tarun Balram** 03 - - - -
Mr. Thiyagarajan Kumar *** 01 - - - -
Mr. Murali M. Natrajan 15 - - - -
* Retired/Ceased to be Director of Bank w.e.f.

August 18, 2021 Amyn Jassani, Mr. Shaffiq Dharamshi and Mr. Thiyagarajan
Kumar (w.e.f February 10, 2022). Out of Four (4), Three
@ Designated as the Chairperson on January 14, 2022
(3) members are Independent Directors (IDs) except Mr.
(subject to approval of RBI and Shareholders)
Shaffiq Dharamshi as against the requirement of 2/3rd
** Appointed as Additional Independent Director w.e.f. IDs under the Listing Regulations. Mr. Somasundaram
January 24, 2022 PR ceased to be member of the ACB w.e.f. September
15, 2021. The Audit Committee of the Board was last
*** Appointed as Additional Independent Director w.e.f. reconstituted on February 09, 2022 and Mr. Thiyagarajan
February 10, 2022 Kumar was appointed as a member of ACB w.e.f.
February 10, 2022.
# Disclosure of Chairmanship & Membership includes
only two committees viz. Audit Committee and The Company Secretary acts as the Secretary to ACB.
Stakeholders’ Relationship Committee. The terms of reference of the ACB are in accordance with
Section 177 of the Companies Act, 2013, terms prescribed
Other than the above 15 Board Meetings, a meeting of by the RBI and SEBI Listing Regulations and, inter-alia,
Independent Directors was also held on February 25, include the following:
2022 as per the requirement and the same was attended
by all the Independent Directors in person. 1. Oversight of the Bank’s financial reporting process
and the disclosure of its financial information to
All Directors then on the Board of the Bank attended the ensure that the financial statements are correct,
last Annual General Meeting held on August 13, 2021. sufficient and credible.
COMPOSITION OF COMMITTEES OF DIRECTORS 2. Recommending to the Board the appointment,

AND THEIR ATTENDANCE AT THE MEETINGS AS reappointment and, if required, the replacement or
ON MARCH 31, 2022 removal of the Statutory Auditors and the fixation of
audit fees, and confirm their independence.
Various Committees of Directors have been appointed
by the Board for taking informed decisions in the best 3.. Approval of payment to Statutory Auditors for any
interest of the Bank. These Committees monitor the other services rendered, if authorised by the Board.
activities falling within the irrespective terms of reference.
The Board’s Committees are as follows: 4. Review with the management, the quarterly financial
statements before submission to the Board for
AUDIT COMMITTEE OF BOARD (ACB) approval and secure the Certificate from the CFO
in terms of the requirements under the Listing
Mr. Ashok Barat chairs the Audit Committee of Board Regulations.
(ACB) of the Bank. The other members of ACB are Mr.

5. Evaluate internal financial controls and risk Singh, Mr. Shabbir Merchant and Mr. Shaffiq Dharamshi
management systems. (w.e.f. September 15, 2021) Except Mr. Dharamshi, other
four members are Independent Directors and hence the
6. Review with the management, performance of necessary compliance is ensured. The Committee was
statutory and internal auditors and adequacy of the reconstituted on September 15, 2021 and Mr. Shaffiq
internal control systems. Dharamshi and Mr. Somasundaram PR were appointed
as Members of NRC. The Committee again reconstituted
7. Any other terms of reference as may be included
on January 14, 2022 and Mr. Somasundaram PR was
from time to time in the Listing Regulations.
appointed as Chairperson of the NRC and Ms. Rupa Devi
During the year, the ACB met on fifteen (15) occasions. Singh was ceased to be Chairperson of NRC however, she
continued as member of NRC. The NRC, inter-alia, looks
CREDIT COMMITTEE OF BOARD (CCB) after the due diligence and recommendation process for
appointment/re-appointment of Directors, evaluation of
The Credit Committee of Board (CCB) comprises of Mr. performance of Directors, remuneration, ESOPs, etc. to
Somasundaram PR, Ms. Rupa Devi Singh and Mr. Tarun the MD & CEO, Key Managerial Personnel of the Bank and
Balram (w.e.f. January 29, 2022). The CCB, inter-alia, other Senior Management team of the Bank, monitoring
looks after sanctioning of loans and advances, approving of the compensation policy of the Bank, etc. Board
of One Time Settlements (OTS), etc. Mr. Rafiq Somani of Directors wide circular resolution dated February
ceased to be member of the September 15, 2021. The 23, 2022 had approved the criteria for performance
Committee was last reconstituted on January 29, 2022 evaluation of the Board, including Independent Directors.
adding Mr. Tarun Balram as a member of the CCB.
During the year, the NRC met on seven (7) occasions.
During the year, the CCB met on fourteen (14) occasions.
STAKEHOLDERS’ RELATIONSHIP COMMITTEE
RISK MANAGEMENT COMMITTEE OF BOARD (RMC) OF BOARD (SRC)
Mr. Amyn Jassani chairs the Risk Management Committee Mr. Shabbir Merchant chairs the Stakeholders’ Relationship
of Board (RMC). Other members of the RMC are Mr. Ashok Committee of Board (SRC). The other members are Mr.
Barat, Mr. Somasundaram PR, Mr. Tarun Balram w.e.f. Amyn Jassani and Mr. Rafiq Somani. The SRC monitors
Janaury 29, 2022) and Mr. Murali M. Natrajan. RMC, the redressal of grievances of the security holders including
apex body of the Bank’s risk management architecture, is complaints related to transfer/transmission of shares,
responsible for aligning various risk policies of the Bank non-receipt of dividend, non-receipt of annual reports,
with the risk appetite and risk philosophy articulated by issue of new/duplicate certificates interest payment
the Board. It approves specific risk policies, including on Bonds, etc. The SRC reviews the measures taken
the Credit Policy, Investment Policy, Asset Liability for effective exercise of voting rights by Shareholders,
Management Policy, Outsourcing Policy, Operational Risk adherence to the service standards adopted and the
Management Policy, KYC Standards and Anti-Money various measures and initiatives taken by the Bank for
Laundering measures, etc. The Terms of Reference of reducing the quantum of unclaimed dividends and
the RMC also include Management of the Committees of ensuring timely receipt of dividend warrants/annual
Executives viz. Operational Risk Management Committee reports/statutory notices by the Shareholders. The SRC
(ORCO), Asset Liability Management Committee also takes note of number of transfers processed, issue
(ALCO), Credit Risk Management Committee (CRMC), of fresh share certificates, top Shareholders, pattern
through the review of their minutes and any issues that of shareholding, etc. During the FY 2021-22, 3 (three)
require the attention of the RMC, and manage effectively complaints were received and resolved. There was no
the risk profile of the Bank. The Committee was last complaint outstanding as on March 31, 2022. There was
reconstituted on January 29, 2022 adding Mr. Tarun no request pending for transmission, deletion, change
Balram as a member of the RMC. in name etc. as on March 31, 2022 and subsequently
processed in April 2022. The Company Secretary acts as
During the year, the RMC met on four (4) occasions. the Secretary and has been appointed as the Compliance
Officer of the SRC.
NOMINATION & REMUNERATION COMMITTEE
OF BOARD (NRC) During the year, the SRC met on four (4) occasions.
Mr. Somasundaram PR chairs the NRC w.e.f. January 14,
2022. Other members are Mr. Amyn Jassani, Ms. Rupa Devi

DCB Bank Limited
FRAUD REPORTING & MONITORING COMMITTEE CRC, however, he continues as member of CRC.
OF BOARD (FRMC)
During the year, the CSR Committee had met once.
Pursuant to the directives of the RBI to all commercial
banks, the Bank has constituted a Fraud Reporting and INFORMATION TECHNOLOGY STRATEGY
Monitoring Committee of Board (FRMC) for monitoring COMMITTEEOF BOARD (ITSC)
cases of fraud involving amounts of ` 1 crore or more.
Mr. Rafiq Somani (w.e.f. January 24, 2022) Chairs
Ms. Rupa Devi Singh (w.e.f. September 15, 2021) chairs
Information Technology Strategy Committee of Board
the FRMC and Mr. Amyn Jassani, Mr. Ashok Barat, Mr.
(ITSC). The other members are Mr. Iqbal Khan and
Shabbir Merchant and Mr. Murali M. Natrajan are the
Mr. Murali M. Natrajan (MD & CEO). Mr. R. Venkattesh,
other members. The Committee was last reconstituted
Head–Ops., Tech & HR is also a member of the ITSC as
on September 15, 2021 and Ms. Rupa Devi Singh was
a Management Representative. ITSC, inter alia, approves
appointed as Chairperson of the FRMC and Mr. Ashok
IT related strategy, road map for initiatives, budget and
Barat was ceased to be Chairperson of FRMC. However,
investments to support the Bank’s growth strategies in
he continues to be the member of FRMC.
accordance with the Business Plan. The Committee was
During the year, the FRMC met on four (4) occasions. reconstituted on January 24, 2022 and appointed Mr.
Rafiq Somani as Chairperson of the ITSC.
CUSTOMER SERVICE COMMITTEE OF BOARD
(CSC) During the year, the ITSC met on three (3) occasions.
Ms. Rupa Devi Singh Chairs the Customer Service CORPORATE SOCIAL RESPONSIBILITY
Committee of Board. The members of the Customer COMMITTEE OF BOARD (CSRC)
Service Committee of Board (CSC) are Mr. Amyn Jassani
Ms. Rupa Devi Singh chairs the Corporate Social
and Mr. Murali M. Natrajan. The CSC monitors enhancing
Responsibility Committee of Board (CSRC) w.e.f.
the quality of customer service and improving the level
September 15, 2021. The other members of the
of customer satisfaction for all categories of clientele
CSR Committee are Mr. Rafiq Somani (inducted
at all times. It also oversees the functioning of Standing
w.e.f. September 15, 2021) and Mr. Murali M. Natrajan,
Committee of Executives on Customer Service.
MD & CEO.
During the year, the CSC met on four (4) occasions.
The CSR Committee formulates and recommends to the
CAPITAL RAISING COMMITTEE OF BOARD (CRC) Board, the CSR Policy of the Bank and also recommends
amount of expenditure to be incurred and monitors the
Ms. Rupa Devi Singh (w.e.f. January 24, 2022) chairs CSR activities of the Bank.
the Capital Raising Committee of Board (CRC). The
other members are, Mr. Ashok Barat, Mr. Iqbal Khan, Mr. During the year, the CSC met on four (4) occasions.
Somasundaram PR and Mr. Murali M. Natrajan. The CRC
WILFUL DEFAULTERS REVIEW COMMITTEE OF
has been formed to, inter alia, formulate capital raising
BOARD (WDRC)
plans of the Bank to raise resources through various
alternative channels and to expedite the process of The members of the Wilful Defaulters – Review
preparation and approval of offer documents/information Committee are Mr. Murali M. Natrajan (Chairman) and any
memorandum, fixing of terms and conditions including two Independent Directors of the Bank depending upon
pricing, engaging of intermediaries etc. for various kinds their availability, as its members.
of securities, at opportune times. Mr. Nasser Munjee
ceased to be member of CRC w.e.f. August 18, 2021, after No meeting of the Committee was held during the year
completing the term approved by the Reserve Bank of under review.
India. The Committee was reconstituted on September
15, 2021 and Mr. Somasundaram PR was appointed
as Chairperson of the CRC. The Committee further
reconstituted on January 24, 2022 and inducted Ms.
Rupa Devi as member and Chairperson of the CRC and
Mr. Somasundaram PR was ceased to be Chairperson of

SUMMARY OF ATTENDANCE OF DIRECTORS FOR FY 2021-22
Sr. Name of Director Appointed On BM ACB CCB CRC RMC FRMC NRC SRC CSC ITSC CSR WDRC
No.
No. of Meetings held 15 15 14 1 4 4 7 4 4 3 4 0
1. Mr.Nasser Munjee* June 29, 2005 6 N.M. N.M. 0 N.M. N.M. 3 N.M. N.M. N.M. 1 N.M.
2. Ms. Rupa Devi Singh@ January 22, 2015 15 N.M. 14 N.M. N.M. 4 7 N.M. 4 N.M. 4 N.M.
3. Mr. Murali M. Natrajan April 29, 2009 15 N.M. N.M. 1 4 4 N.M. N.M. 4 3 4 N.M.
4. Mr. Amyn Jassani January 25, 2020 15 15 N.M. N.M. 4 4 7 4 4 N.M. N.M. N.M.
5. Mr. Ashok Barat March 22, 2018 15 15 N.M. 1 4 4 N.M. N.M. N.M. N.M. N.M. N.M.
6. Mr. Iqbal Khan July 15, 2017 11 N.M. N.M. 0 N.M. N.M. N.M. N.M. N.M. 2 N.M. N.M.
7. Mr. Rafiq Somani March 09, 2020 14 N.M. 5 N.M. N.M. N.M. N.M. 3 N.M. 3 3 N.M.
8. Mr. Shabbir Merchant January 25, 2020 15 N.M. N.M. N.M. N.M. 4 7 4 N.M. N.M. N.M. N.M.
9. Mr. Shaffiq Dharamshi January 13, 2015 13 13 N.M. N.M. N.M. N.M. 3 N.M. N.M. N.M. N.M. N.M.
10. Mr. Somasundaram PR January 25, 2020 15 5 14 1 3 N.M. 4 N.M. N.M. N.M. N.M. N.M.
11. Mr. Tarun Balram** January 24, 2022 3 N.M. 3 N.M. 1 N.M. N.M. N.M. N.M. N.M. N.M. N.M.
12. Mr. Thiyagarajan Kumar*** February 10, 2022 1 1 N.M. N.M. N.M. N.M. N.M. N.M. N.M. N.M. N.M. N.M.
* Retired as Chairperson of Bank w.e.f. August 18, 2021

@ Designated as the Chairperson of the Bank w.e.f. January 14, 2022 (Subject to approval of RBI and the Shareholders)
** Appointed as Director of the Bank w.e.f. January 24, 2022
*** Appointed as Director of the Bank w.e.f. February 10, 2022
N.M. = Not Member
Note: During the year, as per the requirement, a meeting of Independent Directors was also held on February 25, 2022
and the same was attended by all the Independent Directors.
REMUNERATION OF DIRECTORS 2021-22 basis RBI approvals vide its letter No. DBR.
ApptNo.2977/29.0.3.001/2019-20 dated October 14, 2019
Honorarium to Chairman are as follows:
The Chairman Mr. Nasser Munjee was paid honorarium of

Particulars Amount (`)*
`9.16 Lakh during the FY 2021-22 as per the RBI approvals
vide its letter No.DBOD.ApptNo.961/29.03.001/2017-18 Basic 23,990,400
dated July 28, 2017. Mr. Munjee was not paid any sitting Allowances and Perquisite value 29,199,300
fees for attending the meetings of Board/ Committees.
Contribution to Provident Fund 2,878,848
Approval from Reserve Bank of India (RBI) is awaited No. of Employee Stock Options 0
for appointment of the present Chairperson, Ms. Rupa granted during the FY 2021-22
Devi Singh. She was not paid any remuneration during
the FY 2021-22 other than the sitting fees paid to her for Perquisites (evaluated as per Income Tax Rules wherever
attending the meetings of the Board / Committees. applicable and at actual cost to the Bank otherwise) such
as furnished accommodation, gas, electricity, water and
Remuneration to MD & CEO furnishing, club fees, personal accident insurance, use of
car and telephone at residence, medical reimbursement,
The Bank has in place service contract / agreement with leave and leave travel concession were provided in
the Managing Director & CEO indicating therein all terms accordance with the policy of the Bank in this regard.
and conditions of his appointment including the notice The above figures exclude perquisite value of ESOPs
period. exercised, if any, during the Financial Year 2021-22. No
sitting fees were paid to him for attending the meetings
Mr. Murali M. Natrajan is the Managing Director &
of the Board and Committees thereof.
Chief Executive Officer (MD & CEO) of the Bank. The
details of the remuneration paid to him during FY Mr. Natrajan has exercised 300,000 Stock Options during
the year

DCB Bank Limited
Other than the Honorarium paid to the Chairman, only

Name of Director Sitting Fees (`)
sitting fees are paid to the Non-Executive Directors
during the year as under: Mr. Tarun Balram 560,000
Mr. Shaffiq Dharamshi* NIL
Name of Director Sitting Fees (`) Mr. Somasundaram PR* NIL
Mr. Amyn Jassani 3,130,000 Mr. Thiyagarajan Kumar* NIL
Mr. Ashok Barat 2,400,000 Total 13,120,000
Mr. Iqbal Khan 770,000
*Waived off their sitting fees
Mr. Rafiq Somani 1,670,000
Ms. Rupa Devi Singh 2,840,000 No single Non-Executive Director is paid remuneration
exceeding fifty percent of the total annual remuneration
Mr. Shabbir Merchant 1,750,000
paid to all the Non-Executive Directors during the financial
year 2021-22.
DECLARATION GIVEN BY INDEPENDENT DIRECTORS
All the Independent Directors have given the necessary declarations to the Bank as required under sub section (6) of
Section 149 of the Companies Act, 2013.
GENERAL BODY MEETINGS HELD DURING THE LAST THREE YEARS
Date Venue Special Resolutions passed

26th AGM Video Conferencing / Other Audio 1. Raising of Funds by issue of bonds / debentures/
13.08.2021 Video Visual Means (VC/OAVM) securities on Private Placement basis.
at 2.30 p.m. 2. Increase in borrowing powers.
3. Issue of Equity Shares to Qualified Institutional Buyers
through Qualified Institutions Placement
25th AGM Video Conferencing / Other Audio 1. Raising of Funds by issue of bonds / debentures/
11.07.2020 Video Visual Means (VC/OAVM) securities on Private Placement basis.
at 2.30 p.m. 2. Increase in borrowing powers.
3. Re-appointment of Independent Director Ms. Rupa Devi Singh
4. Issue of Equity Shares to Qualified Institutional Buyers
through Qualified Institutions Placement
24th AGM Rama & Sundri Watumull Auditorium, 1. Raising of Funds by issue of bonds / debentures/
01.06.2019 K. C. College, Dinshaw Wacha Road, securities on Private Placement basis.
at 2.30 p.m. Churchgate, Mumbai – 400 020. 2. Increase in borrowing powers.
3. Amendments in the Object Clause of Memorandum of
Association of the Bank.
4. Re-appointment of Independent Directors Mr. Altaf Jiwani,
Mr. Imran Contractor, Mr. S. Sridhar and Mr. C. Narasimhan.
Postal Ballot: Resolution No. 2: Appointment of Mr. Thiyagarajan Kumar

(DIN: 00735914) as Independent Director.
Details of resolutions passed through Postal Ballot:
The Bank had appointed M/s. S. N. Ananthasubramanian
The Bank sent Postal Ballot notice dated February 9, & Co, Practicing Company Secretaries as the scrutinizer
2022 to the Members seeking their approval through for conducting the Postal Ballot process. Accordingly,
Postal Ballot for passing the following Special resolutions: the postal Ballot was conducted by the scrutinizer and
a report was submitted to the Managing Director & CEO.
Resolution No. 1: Appointment of Mr. Tarun Balram (DIN:
The results of the voting conducted through Postal Ballot
02445298) as an Independent Director
are as under:

There were total 160,101 shareholders of the Bank the Notice of Postal Ballot dated February 9, 2022 was
as on the record date i.e. February 11, 2022 out of passed with requisite majority.
which 625 members comprising of 154,140,554 equity
shares representing 49.61 % of the issued share capital No Resolution is proposed to be passed by Postal Ballot
participated in the e-voting process. The breakup of the in the notice of the proposed Twenty Seventh Annual
votes is as mentioned below: General Meeting.
Resolution No. 1: Appointment of Mr. Tarun Balram (DIN: GENERAL INFORMATION FOR SHAREHOLDERS
02445298) as an Independent Director
Financial Calendar - For each calendar quarter, the
financial results are reviewed and taken on record by the
Particulars Number of valid Percentage
Board within the prescribed timeline. The audited annual
(%)
Voters Votes accounts as at March 31 are approved by the Board,
(via e-voting) (via e-voting) after view thereof by the Audit Committee of the Board.
Assent 577 154,129,370 99.9929 The Annual General Meeting to consider such annual
accounts is held within the prescribed timeline.
Dissent 47 10,884 0.0071
Total 624 154,140,254 100.0000 LIST OF ALL CREDIT RATINGS OBTAINED BY
THE BANK
The Special Resolution as contained in the Item No. 1 of
the Notice of Postal Ballot dated February 9, 2022 was Refer the Directors’ Report for all credit ratings obtained
passed with requisite majority. by the Bank.
Resolution No. 2: Appointment of Mr. Thiyagarajan Kumar DETAILS OF UTILISATION OF FUNDS RAISED
(DIN: 00735914) as Independent Director. THROUGH PREFERENTIAL ALLOTMENT OR
QUALIFIED INSTITUTIONSPLACEMENT AS
Particulars Number of valid Percentage SPECIFIED UNDER REGULATION 32(7A) OF
Voters Votes (%) SEBI (LODR) REGULATIONS, 2015
(via e-voting) (via e-voting)
The Bank has not raised any fund through Preferential
Assent 572 154,128,084 99.9919 Allotment or Qualified Institutions Placement as
Dissent 53 12,470 0.0081 specified under regulation 32 (7A) of the SEBI (LODR)
Regulations, 2015, during the financial year ended
Total 625 154,140,554 100.0000
March 31, 2022.
The Special Resolution as contained in the Item No. 2 of

DCB Bank Limited
SHAREHOLDERS HOLDING 1% AND ABOVE SHARES IN THE BANK AS ON MARCH 31, 2022
Sr. No. Name No. of Shares % To Capital

1 AGA KHAN FUND FOR ECONOMIC DEVELOPMENT SA 43,750,052 14.07
2 HDFC SMALL CAP FUND (All Schemes) 13,809,262 4.44
3 DSP SMALL CAP FUND 13,489,267 4.34
4 TATA MUTUAL FUND - TATA SMALL CAP FUND (All Schemes) 12,573,146 4.04
5 INDIA ADVANTAGE FUND S4 I 12,473,881 4.01
6 ICICI PRUDENTIAL BANKING AND FINANCIAL SERVICES FUND(All Schemes) 12,398,182 3.99
7 FRANKLIN INDIA SMALLER COMPANIES FUND 10,449,095 3.36
8 OMAN INDIA JOINT INVESTMENT FUND II 9,198,202 2.96
9 STEINBERG INDIA EMERGING OPPORTUNITIES FUND LIMITED 8,750,000 2.81
10 NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA RETIREMENT 6,878,943 2.21
FUND - WEALTH CREATION SCHEME (All Schemes)
11 ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA 6,463,497 2.08
BIRLA SUN LIFE SMALL CAP FUND (All Schemes)
12 TVS SHRIRAM GROWTH FUND 3 5,797,473 1.86
13 UTI SMALL CAP FUND (All Schemes) 3,604,553 1.16
Total 159,635,553 51.33
DISTRIBUTION OF SHAREHOLDING AS ON MARCH 31, 2022
Sr. No. Number of Equity shares held No. of % to Shares % to

Shareholders total holders total shares
1 upto 500 174,342 86.05 22,057,362 7.09
2 501 to 1000 13,749 6.79 10,878,039 3.50
3 1001 to 2000 7,852 3.88 11,611,853 3.73
4 2001 to 3000 2,378 1.17 6,042,105 1.94
5 3001 to 4000 1,145 0.56 4,089,327 1.32
6 4001 to 5000 797 0.39 3,737,755 1.20
7 5001 to 10000 1,315 0.65 9,608,851 3.09
8 10001 & Above 1,029 0.51 242,951,171 78.13
Total 202,607 100.00 310,976,463 100.00
Out of the above 202,607 folios, 187,680 folios comprise 306,938,635 shares forming 98.70% of the issued share
capital, which are in dematerialised mode. Another 14,927 folios comprise 4,037,828 shares constituting 1.30% of the
share capital that are held in physical mode. Promoters’ entire shareholding is in dematerialised mode.

DCB Bank Limited-Shareholding Pattern as on March 31, 2022
Table I - Summary Statement holding of specified securities
Cat- Category of Nos of No. of fully No. of No. of Total nos. Shareholding Number of Voting Rights held in each No. of No. of No. of Sharehold- Number of Number Number
egory shareholder share paid up Partly shares shares held as a % of total class of securities Shares Shares Shares Un- ing, as a % Locked in of Shares of equity
holders equity paid-up underlying no. of shares Under- Underly- derlying assuming full shares pledged or shares held
shares equity Depository (calculated lying ing Out- Outstand- conversion of otherwise in demateri-
held shares Receipts as per SCRR, Outstand- standing ing con- convertible encumbered alised form
held 1957) ing con- Warrants vertible securities (as
No of Voting Rights Total as vertible securities a percentage No. As a % No. As a %
a % of securities and No. of of diluted (a) of total (a) of total
(A+B+C) Warrants share capital) Shares Shares
Class eg: X Class Total
eg: y held(b) held(b)
(I) (II) (III) (IV) (V) (VI) (VII) = (VIII)As a % (IX) (X) (XI) (XI) (a) (XI)= (XII) (XIII) (XIV)
(IV)+(V)+ of (A+B+C2) (VII)+(X)
(VI) As a % of
(A+B+C2)
(A) Promoter 2 46200234 0 0 46200234 14.8565 46200234 0 46200234 14.9584 0 0 0 14.8565 0 0.0000 0 0.0000 46200234
& Promoter
Group
(B) Public 198225 264776229 0 0 264776229 85.1435 262658567 262658567 85.0416 0 0 0 85.1435 0 0.0000 NA NA 260738401
(C) Non 0 0 0 0 0 0.0000 NA NA

Promoter -
Non Public
(C1) Shares 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 NA NA 0
Underlying
DRs
(C2) Shares 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 NA NA 0
Held By
Employee
Trust
Total 198227 310976463 0 0 310976463 100.0000 308858801 0 308858801 100.0000 0 0 0 100.0000 0 0.0000 0 0.0000 306938635
Corporate Overview
Management Reports Financial Statements

DCB Bank Limited
Table II - Statement showing shareholding pattern of the Promoter and Promoter Group
Category & Share PAN Nos. No. of No. of No. of Total nos. Sharehold- Number of Voting Rights held in No. of No. of No. of Sharehold- Number of Number Number
Name of the holder of fully paid Partly shares shares ing as a % of each class of securities Shares Shares Shares ing, as a % Locked in of Shares of
shareholders Type i.e. share up equity paid-up underlying held Total no. of Under- Underly- Under- assuming shares pledged or equity
pro- hold- shares equity Depository shares (cal- lying Out- ing Out- lying full conver- otherwise shares
moter OR ers held shares Receipts culated as standing standing Outstand- sion of encum- held in
promoter held per SCRR, convert- Warrants ing con- convertible bered demate-
group en- 1957) No of Voting Rights Total as a ible secu- vertible securities (as No. As a % No. As a % rialized
DCB Bank Limited
tity (except % of Total rities securities a percentage (a) of total (a) of total form
Class Class Total
promoter) Voting and No. of of diluted Shares Shares
eg: X eg: y
rights Warrants share capi- held(b) held(b)
(A+B+C) tal)
(I) (II) (III) (IV) (V) (VI) (VII) = (VIII) As a % (IX) (X) (XI) (XI) (a) (XI)= (XII) (XIII) (XIV)

(IV)+(V) of (A+B+C2) (VII)+(X)
+(VI) As a % of
(A+B+C2)
1 Indian
(a) Individuals / Hindu 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
Undivided Family
Name (xyz..) 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
(b) Central 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
Government / State
Government(s)
Name (xyz..) 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
(c) Financial 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
Institutions / Banks
Name (xyz..) 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
(d) Any Other (Specify) 1 2450182 0 0 2450182 0.7879 2450182 0 2450182 0.7879 0 0 0 0.7879 0 0.0000 0 0.0000 2450182
Bodies Corporate 1 2450182 0 0 2450182 0.7879 2450182 0 2450182 0.7879 0 0 0 0.7879 0 0.0000 0 0.0000 2450182
Platinum Jubilee Promoter 1 2450182 0 0 2450182 0.7879 2450182 0 2450182 0.7879 0 0 0 0.7879 0 0.0000 0 0.0000 2450182
Investments Ltd. Group
Sub Total (A)(1) 1 2450182 0 0 2450182 0.7879 2450182 0 2450182 0.7879 0 0 0 0.7879 0 0.0000 0 0.0000 2450182
2 Foreign
(a) Individuals (Non- 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
Resident Individuals
/ Foreign Individuals)
Name (xyz..) 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
(b) Government 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
Name (xyz..) 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
(c) Institutions 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
Name (xyz..) 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
(d) Foreign Portfolio 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
Investor
Name (xyz..) 0 0 0 0 0 0.0000 0 0 0 0.0000 0 0 0 0.0000 0 0.0000 0 0.0000 0
(e) Any Other (Specify) 1 43750052 0 0 43750052 14.0686 43750052 0 43750052 14.0686 0 0 0 14.0686 0 0.0000 0 0.0000 43750052
Bodies Corporate 1 43750052 0 0 43750052 14.0686 43750052 0 43750052 14.0686 0 0 0 14.0686 0 0.0000 0 0.0000 43750052
Aga Khan Fund Promoter 1 43750052 0 0 43750052 14.0686 43750052 0 43750052 14.0686 0 0 0 14.0686 0 0.0000 0 0.0000 43750052
For Economic
Development SA
Sub Total (A)(2) 1 43750052 0 0 43750052 14.0686 43750052 0 43750052 14.0686 0 0 0 14.0686 0 0.0000 0 0.0000 43750052
Total Shareholding 2 46200234 0 0 46200234 14.8565 46200234 0 46200234 14.8565 0 0 0 14.8565 0 0.0000 0 0.0000 46200234
Of Promoter And
Promoter Group
(A)= (A)(1)+(A)(2)
Details of Shares which remain unclaimed may be given here along with details such as number of shareholders, outstanding shares held in demat/unclaimed f account, voting rights which are frozen etc.: NIL
DCB Bank Limited
B Table III - Statement showing shareholding pattern of the Public shareholder
Sr. Category & Name PAN Nos. of No. of No. of No. of Total nos. Sharehold- Number of Voting Rights held in No. of No. of No. of Sharehold- Number of Number Number
of the sharehold- share fully paid Partly shares shares ing as a % each class of securities Shares Shares Shares ing , as a % Locked in of Shares of equity
ers hold- up eq- paid- under- held total No. Underly- Under- Under- assum- shares pledged or shares
ers uity shares up lying of Shares ing Out- lying lying ing full otherwise held in
held equity Deposi- (calcu- standing Out- Outstand- conversion encum- demate-
shares tory Re- lated as convert- stand- ing con- of con- bered rialized
held ceipts per SCRR, No of Voting Total ible secu- ing vertible vertible No. As a % No. As a % form
1957) (XIV) Rights as a % rities War- securities securities (a) of total (a) of total
Class Class Total of Total rants and No. of ( as a per- Shares Shares
eg: X eg: y Voting Warrants centage held held
rights of diluted (b) (b)
share
capital)
(I) (II) (III) (IV) (V) (VI) (VII) = (VIII) As (IX) (X) (XI) (XI) (a) (XI)= (XII) (XIII) (XIV)
(IV)+ (V)+ a % of (VII)+(X)
(VI) (A+B+C2) As a % of
(A+B+C2)
1 Institutions
(a) Mutual Fund 12 84392640 0 0 84392640 27.13884392640 0 84392640 27.324 0 27.138 0 0 NA NA 84392640
HDFC Small Cap 13809262 0 0 13809262 4.441 13809262 0 13809262 4.471 0 4.441 0 0 NA NA 13809262
Fund
DSP Small Cap 13489267 0 0 13489267 4.338 13489267 0 13489267 4.368 0 4.338 0 0 NA NA 13489267
Fund
Tata Mutual Fund 12573146 0 0 12573146 4.043 12573146 0 12573146 4.071 0 4.043 0 0 NA NA 12573146
- Tata Small Cap
Fund
ICICI Prudential 12398182 12398182 3.987 12398182 0 12398182 4.014 0 3.987 0 0 NA NA 12398182
Banking And
Financial Services
Fund
Franklin 10449095 10449095 3.360 10449095 0 10449095 3.383 0 3.360 0 0 NA NA 10449095
India Smaller
Companies Fund
Nippon Life India 6878943 6878943 2.212 6878943 0 6878943 2.227 0 2.212 0 0 NA NA 6878943
Corporate Overview
Trustee Ltd-A/C
Nippon India
Retirement Fund
- Wealth Creation
Scheme
Aditya Birla 6463497 0 0 6463497 2.079 6463497 0 6463497 2.093 0 2.079 0 0 NA NA 6463497
Sun Life Trustee
Private Limited
A/c Aditya Birla
Sun Life Midcap
Fund
UTI - Banking And 3604553 3604553 1.159 3604553 3604553 1.167 1.159 0 NA NA 3604553
Financial Services
Fund
(b) Venture Capital 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA NA 0
Funds
(c) Alternate 6 32220944 0 0 32220944 10.36132220944 0 32220944 10.432 0 10.361 0 0 NA NA 32220944
Investment Funds
India Advantage 12473881 0 0 12473881 4.011 12473881 0 12473881 4.039 0 4.011 0 0 NA NA 12473881
Fund S4 I

DCB Bank Limited
share
capital)
(IV)+ (V)+ a % of (VII)+(X)

(A+B+C2)
Oman India Joint 9198202 0 0 9198202 2.958 9198202 0 9198202 2.978 0 2.958 0 0 NA NA 9198202
Investment Fund II
TVS Shriram 5797473 0 0 5797473 1.864 5797473 0 5797473 1.877 0 1.864 0 0 NA NA 5797473
Growth Fund 3
(d) Foreign Venture 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA NA 0

Capital Investors
(e) Foreign Portfolio 67 27417000 0 0 27417000 8.816 27417000 0 27417000 8.877 0 8.816 0 0 NA NA 27417000
Investor
Steinberg India 8750000 0 0 8750000 2.814 8750000 0 8750000 2.833 0 2.814 0 0 NA NA 8750000
Emerging
Opportunities
Fund Limited
(f) Financial 1 13 0 0 13 0 13 0 13 0 0 0 0 0 NA NA 13
Institutions /
Banks
(g) Insurance 3 3738374 0 0 3738374 1.202 3738374 0 3738374 1.210 0 1.202 0 0 NA NA 3738374
Companies
(h) Provident Funds/ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA NA 0
Pension Funds
(i) Any Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA NA 0
(Specify)
Sub Total (B)(1) 89 147768971 0 0147768971 47.518147768971 0 147768971 47.844 0 47.518 0 0 NA NA 147768971
2 Central
Government/
State
Government(s)/
President of India
Central 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA NA 0
Government
/ State
Government(s)
Sub Total (B)(2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA NA 0
3 Non-Institutions
(a) Individuals 190962 84228027 0 0 84228027 27.085 84228027 84228027 27.271 27.085 0 80331037
i Individual 190663 66384175 0 0 66384175 21.347 66384175 0 66384175 21.493 0 21.347 0 0 NA NA 62487386
shareholders
holding nominal
share capital up to
Rs. 2 lakhs.
share
capital)
(IV)+ (V)+ a % of (VII)+(X)
(A+B+C2)
ii Individual 299 17843852 0 0 17843852 5.738 17843852 0 17843852 5.777 0 5.738 0 0 NA NA 17843651
shareholders
holding nominal
share capital in
excess of Rs. 2
lakhs.
(b) NBFCs registered 3 15650 0 0 15650 0.005 15650 0 15650 0.005 0 0.005 0 0 NA NA 15650
with RBI
(c) Employee Trusts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA NA 0
(d) Overseas 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA NA 0
Depositories
(holding DRs)
(balancing figure)
(e) Any Other 7171 32763581 0 0 32763581 10.536 30645919 0 30645919 9.922 0 10.536 0 0 NA NA 32622743
(Specify)
Bodies Corporate 858 15063567 0 0 15063567 4.844 15063567 0 15063567 4.877 0 4.844 0 0 NA NA 14953098
Body Corporate- 43 2993465 0 0 2993465 0.963 2993465 0 2993465 0.969 0 0.963 0 0 NA NA 2993465
Ltd Liability-
Partnership-DR
Clearing Member 81 1492619 0 0 1492619 0.480 1492619 0 1492619 0.483 0 0.480 0 0 NA NA 1492619
Directors/Relative 8 2402945 0 0 2402945 0.773 2402945 0 2402945 0.778 0 0.773 0 0 NA NA 2402345
of Directors
Corporate Overview
Employee 341 1866068 0 0 1866068 0.600 1866068 0 1866068 0.604 0 0.600 0 0 NA NA 1839394
Hindu Undivided 2929 2103415 0 0 2103415 0.676 2103415 0 2103415 0.681 0 0.676 0 0 NA NA 2103180
Family
IEPF 1 712495 0 0 712495 0.229 0 0 0 0 0 0.229 0 0 NA NA 712495
Non Resident 2905 4721830 0 0 4721830 1.518 4721830 0 4721830 1.529 0 1.518 0 0 NA NA 4720080
Indians
Trusts 3 2010 0 0 2010 0.001 2010 0 2010 0.001 0 0.001 0 0 NA NA 1000
Unclaimed Shares 2 1405167 0 0 1405167 0.452 0 0 0 0 0 0.452 0 0 NA NA 1405067
Sub Total (B)(3) 198136 117007258 0 0117007258 37.626 114889596 0 114889596 37.198 0 37.626 0 0 NA NA 112969430
Total Public 198225264776229 0 0264776229 85.144262658567 0262658567 85.042 0 85.144 0 0 NA NA260738401
Shareholding (B)=
(B)(1)+(B)(2)+(B)
(3)
Details of the Shareholders acting as persons in concert for Public

Sr. Number of Shareholders Name of the PAC Number of Shares Percentage of shareholding by PAC
NIL NA NA NA

Details of Shares which remain unclaimed for Public
Sr. Number of Outstanding Shares held in Demat Voting rights Disclosures of notes on shares which remain unclaimed for
Shareholders or unclaimed Suspense Account which are frozen public
1 12771 1,405,167 1,405,167 The unclaimed shares which are lying in DCB Bank-Unclaimed
Securities Suspense Account do not carry voting rights as per
Regulation 39(4) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (Clause 5A of the erstwhile
DCB Bank Limited
Listing Agreement), the voting rights on such Unclaimed

Securities shall remain frozen till the rightful owner of such
shares claims the shares.

C Table IV - Statement showing shareholding pattern of the Non Promoter- Non Public shareholder
Sr.Category & PAN Nos. of No. of No. of No. of Total nos. Sharehold- Number of Voting Rights held in No. of No. of No. of Share- Number of Number Number
Name of the share fully paid Partly shares shares ing as a % each class of securities Shares Shares Shares holding, Locked in of Shares of equity
shareholders holders up equity paid- under- held Total no. of Underly- Under- Under- as a % shares pledged or shares held
shares held up lying shares ( cal- ing Out- lying lying assum- otherwise in demateri-
equity Depos- culated as standing Out- Out- ing full encumbered alized form
shares itory per SCRR, convert- stand- stand- conversion
No of Voting (XIV) Rights Total No. As a % No. As a %
held Re- 1957) ible se- ing ing con- of con-
as a (a) of total (a) of total
ceipts Class Class Total curities War- vertible vertible
% of Shares Shares
eg: X eg: y rants securi- securities
Total held held
ties and (as a per-
Voting (b) (b)
No. of centage
rights
War- of diluted
(A+ B+
rants share
C)
capital)
(I) (II) (III) (IV) (V) (VI) (VII) = (VIII) As a % (IX) (X) (XI) (XI) (a) (XI)= (XII) (XIII) (XIV)
(IV)+(V)+ of (A+B+C2) (VII)+(X)
(VI) As a % of
(A+B+C2)
1 Custodian/DR 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA NA 0 0 0
Holder -Name
of DR holders
(if available)
2 Employee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA NA 0 0 0
Benefit Trust
(under SEBI
(Share based
Employee
Benefit)
Regulations,
2014)
Total Non- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA NA 0 0 0
Promoter-
Non Public
Shareholding
(C)= (C)(1)+(C)
(2)
Total (A+B+C2) 198227 310976463 0 0 310976463 100 308858801 0 308858801 100 0 0 0 100 NA NA 0 0 306938635
Total (A+B+C) 198227 310976463 0 0 310976463 100 308858801 0 308858801 100 0 0 0 100 NA NA 0 0 306938635
Table V- Statement showing details of significant beneficial owners (SBOs)
Name PAN Passport Nationality Details of holding/ exercise of right of the SBO in the reporting Date of
No. in company, whether direct or indirect: creation /
case of a Shares Voting Rights on Exercise Exercise of acquisition
foreign rights distributable of control significant of
national dividend or influence significant
any other beneficial
distribution interest
Details of the significant beneficial owner(SBO)

His Highness Karim United 14.07 14.07 14.07
Aga Khan Kindom
Aga Khan Fund Switzerland 14.07 14.07 14.07 Yes Yes 03.01.1996
for Economic
Development S.A.
Corporate Overview

DCB Bank Limited
OUTSTANDING WARRANTS / ADRS / GDRS / representatives’ u/s 112 and 113 of the Companies Act,
CONVERTIBLE INSTRUMENTS 2013 for purpose of voting through remote e-voting or
for voting and participation in the meeting.
None.
DIVIDEND
DATE OF THE BOARD MEETING AT WHICH THE
FINANCIAL STATEMENTS AND THE QUARTERLY Your Board is pleased to recommend a dividend of ` 1.00
RESULTS WERE APPROVED per equity share of ` 10/- each in respect of this financial
year ended March 31, 2022. Your Bank has a Dividend
May 7, 2022 Distribution Policy as approved by the Board and is
hosted on the website of the Bank at the link:
FINANCIAL YEAR https://www.dcbbank.com/pdfs/Dividend_Distribution_
Policy.pdf
Starting on April 1 and ending on March 31 every year.
DIVIDEND PAYMENT DATE BRANCHES
The Bank has 400 branches and 349 ATM centres (both
Dividend as recommended by the Board of Directors, if
onsite and offsite) as at March 31, 2022.
approved at the AGM, shall be paid on or after July 4,
2022 to the eligible Shareholders.
CODE FOR PREVENTION OF INSIDER TRADING
COMMODITY PRICE RISK OR FOREIGN The Bank has adopted a Code for the prevention of
EXCHANGE RISK AND HEDGING ACTIVITIES insider trading in the shares of the Bank known as
“DCB Bank – Code of Conduct for Prohibition of Insider
Risk is an integral part of the banking business and the
Trading”. The Code, inter-alia, prohibits purchase / sale
Bank’s aim is to maintain portfolio quality by making
of shares of the Bank by employees while in possession
appropriate risk/reward trade - offs. Key risks that the
of unpublished price sensitive information relating to the
Bank is exposed to are credit, concentration, market,
Bank.
country exposure, liquidity, operational and reputation
risk. The Board of Directors of the Bank has oversight of
DISCLOSURES
all the risk assumed by the Bank and has delegated its
power to manage risk to Risk Management Committee 1. The Bank has not entered into any materially
(RMC) of the Board. The Bank does not have direct significant transaction during the year, which could
exposure on any commodities. The Bank has exposure have a potential conflict of interest between the Bank
to borrowers which are secured against various and its promoters, directors, management and/or
commodities. their relatives, etc. other than the transactions carried
out in the normal course of business.
DATE OF BOOK CLOSURE/RECORD DATE
2. During the last 3 years, there were no penalties
The Bank has fixed Wednesday, June 15, 2022 as the
or strictures imposed on the Bank by the Stock
Record Date (Cut-off Date) for the purpose of ascertaining
Exchange(s) and / or SEBI and/or any other statutory
voting rights of the Members at the 27th AGM and for
authorities on matters relating to capital market
entitlement of Dividend, if approved by Members
activities.
DATE, TIME AND VENUE OF THE ANNUAL 3. There are no relationships between the Directors of
GENERAL MEETING (AGM) the Bank, inter-se.
The Twenty Seventh Annual General Meeting of the Bank
4. The Bank has in place a vigil mechanism pursuant to
will be held via Video Conferencing (VC) or Other Audio
which a Whistle Blower Policy has been in vogue for
Visual Means (OAVM) on Wednesday, June 22, 2022 at
the last several years. This Policy, inter alia, provides
2.30 p.m. (IST).
a direct access to a Whistle Blower to the Chairman
of the Audit Committee of the Board (ACB) on
RECEIPT OF PROXY FORMS
his dedicated email-ID [email protected]. The
As there is no requirement of physical presence at the Whistle Blower Policy covering all employees and
meeting, the requirement of appointment of proxy has Directors is hosted on the Bank’s website at https://
been dispensed with. However, members may appoint www.dcbbank.com/pdfs/Whistle-Blower-Policy.pdf.

The Bank hereby affirms that none of the Bank’s COMPLIANCE WITH DISCRETIONARY
personnel have been denied access to the ACB. REQUIREMENTS AS STIPULATED UNDER
PART E OF SCHEDULE II OF THE SEBI
5. The Bank has a policy on Related Party Transactions (LISTING OBLIGATIONS AND DISCLOSURE
and the same has been displayed on the bank’s REQUIREMENTS) REGULATIONS, 2015
website at: https://www.dcbbank.com/pdfs/Policy-
on-Related-Party-Transactions-2019-20.pdf The Bank has complied with the discretionary
requirements as stated below:
6. There were no significant and material orders passed
by the regulators or courts or tribunals impacting 1. THE BOARD
the going concern status and the Bank’s operations
in future. An office of the Chairperson is maintained at the
Bank’s expense and reimbursement of expenses
7. Total fees of `1.30 Crore was paid / provided on incurred by the Chairperson in performance of his/
an aggregate basis to the Joint Statutory Auditors her duties is allowed.
during the year for all the services provided by them
to the Bank. 2. MODIFIED OPINION(S) IN AUDIT REPORT
8. A certificate dated May 7, 2022 from M/s. S. N. There are no audit qualifications in the Bank’s financial
Ananthasubramanian & Co., Company Secretaries in statements or qualification or adverse remark by the
Practice has been obtained certifying that none of Company Secretary in Practice in his Secretarial Audit
the Directors on the Board of the Bank have been Report for FY 2022. The Bank wishes to continue in
debarred or disqualified from being appointed or the regime of unqualified financial statements as well
continuing as Directors of the Bank by Securities as Secretarial Audit Report.
and Exchange Board of India/Ministry of Corporate
Affairs or any such statutory authority. The same is
3.
SEPARATE POSTS OF CHAIRPERSON AND
attached to and forms part of this report.
MD & CHIEF EXECUTIVE OFFICER
The Bank already has separate posts for the

9. The Bank has complied with provisions relating to
Chairperson and the MD & CEO.
the constitution of Internal Complaints Committee
under the Sexual Harassment of Women at
4. REPORTING OF INTERNAL AUDITOR
Workplace (Prevention, Prohibition and Redressal)
Act, 2013 [14 of 2013]. The details of complaints The Chief Internal Auditor reports directly to the
received and redressed during the financial year Audit Committee of the Board.
2021-22 are as under:
ECLARATION OF COMPLIANCE WITH THE
D
a) number of complaints filed during the CODE OF CONDUCT
financial year: 1
All the Directors and Senior Management Personnel
b) number of complaints disposed of have affirmed compliance with the Code of Conduct as
during the financial year: 1 approved and adopted by the Board of Directors.
c) number of complaints pending as on
end of the financial year: 0 LISTING ON STOCK EXCHANGES
COMPLIANCE WITH MANDATORY In order to impart liquidity and convenience for trading,
REQUIREMENTS the Equity Shares and Tier II Bonds of the Bank are listed
at the following Stock Exchanges. The annual fees for FY
The Bank has complied with the mandatory and most of 2022 have been paid to all the Stock Exchanges where
the non- mandatory requirements under the Corporate the securities are listed.
Governance as stipulated under the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015.

DCB Bank Limited
Sr. Name & Address of the Stock ISIN Disclosures with respect to demat suspense
No. Stock Exchanges Code account/ unclaimed suspense account
1. Equity Shares on BSE Ltd. 532772 INE503A01015
Phiroze Jeejebhoy Description Number of No. of
Towers, Dalal Street, Fort, shareholders shares
Mumbai - 400 001
Aggregate outstanding Nil Nil
shares at the beginning of
the year
2. Equity Shares on National DCB INE503A01015
Stock Exchange of India BANK Shares transfer to Suspense 12,816 14,11,367
Ltd. (NSE) Exchange Plaza, Account on 25-06-2021
5th Floor, Bandra Kurla
Number of shareholders 45 6,200
Complex,
Bandra (East) who approached the Bank
for transfer of shares from
3 Tier II Bonds issued on DCB27 INE503A08036
suspense account during
November 17, 2017 have
been listed on NSE under the year
WDM segment Number of shareholders 45 6,200
4 Tier II Bonds issued on NSE- INE503A08044 to whom shares were
January 12, 2018 have DCB 28 transferred from suspense
been listed on BSE BSE- account during the year
and NSE under WDM 957380
segment Aggregate number of *12,771 *1,405,167
shareholders and the
Names of Depositories in India for outstanding shares in the
dematerialisation of Equity Shares and Tier II suspense account lying at
Bonds. the end of the year
National Securities Depository Limited (NSDL) *The voting rights on these shares shall remain frozen till
Central Depository Services (India) Limited (CDSL) the rightful owner of such shares claims the shares.
The Bank’s shares/bonds are traded compulsorily in MANAGEMENT DISCUSSIONS AND ANALYSIS
dematerialised (Demat) mode. The dematerialised REPORT
shares/bonds are transferable through the depository
system. Transfer/transmission of Equity Shares in The Management Discussion and Analysis Report is
physical mode are processed by the Registrars and included in the Directors’ Report and forms a part of
Share Transfer Agents, Link Intime India Private. Ltd., and Corporate Governance.
approved by the Share Transfer Committee of the Bank.
Link Intime India Private. Ltd. processes the requests of
MEANS OF COMMUNICATION TO
shareholders within the stipulated time from the date of
SHAREHOLDERS
receipt thereof
Financial results and all materially important
communications are promptly shared with the Stock
Exchanges. Bank’s results are also published in
newspapers pursuant to applicable regulatory provisions
and hosted on its website at www.dcbbank.com.
The quarterly and half yearly declaration of financial
performance including summary of the significant events
is not being sent to every shareholder as the Bank’s
quarterly results are published in a national English daily
newspaper (Business Standard), and a local Marathi daily
newspaper (Loksatta/Pudhari) having a wide circulation
in Mumbai. Also the same have been hosted on the
website of the Bank. The Bank also makes presentations
to Institutional Investors and/or to the analysts and/
or hosts the same on the website of the Bank and/

or makes press releases from time to time. However, in ADDRESS OF THE REGISTERED & CORPORATE
view of various relaxations granted by SEBI on account OFFICE OF THE BANK:
of continuing problem of Covid-19, the information may
be published only on websites of the Bank and Stock DCB Bank Limited
Exchanges. 601 & 602, Peninsula Business Park, Tower A, 6th floor,
Senapati Bapat Marg, Lower Parel,
INVESTOR HELPDESK Mumbai - 400 013.
Telephone: 022-66187000Fax: 022-66589970
Share transfers, dividend payments, if any, and all other Date of Incorporation: 31-05-1995
investor related activities are attended to and processed Registration No.11-89008 of 1995
at the office of the Bank’s Registrars and Transfer Agents CIN: L99999MH1995PLC089008
(RTAs). Website: www.dcbbank.com
E-mail ID: [email protected]
For lodgement of any documents or for any grievances/
complaints, kindly contact the RTAs at the following DCB BANK SHARE PRICE & VOLUME OF SHARES
address: TRADED
Registrars and Transfer Agents. The monthly high and low quotation and volume of
LINK INTIME INDIA PRIVATE LTD. shares traded on the BSE Ltd. (BSE).
CIN: U67190MH1999PTC118368
Unit: DCB Bank Limited Month High Low Sensex
C-101, 247 Park, L. B. S. Marg, Vikhroli (West), (High)
Mumbai –400083. Apr-21 105.15 85.65 50,375.77
Tel No: +912249186000 May-21 106.80 89.00 52,013.22
(Board Line) 022-49186270 (Investor Helpdesk) Jun-21 114.45 101.00 53,126.73
Fax: +91 22 49186060 Jul-21 112.80 101.55 53,290.81
E-mail id: [email protected] Aug-21 105.80 81.95 57,625.26
Website: www.linkintime.co.in Sep-21 97.75 88.70 60,412.32
Counter Timing: 10 a.m. to 4 p.m. Monday to Friday Oct-21 98.80 89.40 62,245.43
(except National Holidays) Nov-21 105.10 79.45 61,036.56
Dec-21 88.85 78.30 59,203.37
Shareholders/Investors can also send their queries Jan-22 87.50 79.10 61,475.15
through-mail to the Bank at investorgrievance@dcbbank. Feb-22 90.00 68.05 59,618.51
com. This designated e-mail has also been displayed on Mar-22 75.00 68.50 58,890.92
the Bank’s websitewww.dcbbank.com under the section
‘Investor Relations’.
Details of Debenture Trustee:

IDBI Trusteeship Services Ltd.
Asian Building, Ground Floor,
17, R. Kamani Marg, Ballard Estate,
Mumbai 400 001.
Website: www.idbitrustee.com
Tel: +91 22 4080 7000
Fax: +91 22 6631 1776
Email: [email protected]
Name of the Compliance Officer of the Bank

Ms. Rubi Chaturvedi - Company Secretary
Telephone: 020 6618 7013 • Fax: 022 66589970
Email id: [email protected]

DCB Bank Limited
The monthly high and low quotation and volume of

shares traded on the National Stock Exchange (NSE).
Month High Low Nifty

(High)
Apr-21 105.20 85.50 15,044.35
May-21 106.70 89.00 15,606.35
Jun-21 114.45 101.15 15,915.65
Jul-21 113.00 101.55 15,962.25
Aug-21 106.00 81.90 17,153.50
Sep-21 97.75 88.70 17,947.65
Oct-21 98.65 89.25 18,604.45
Nov-21 105.25 79.55 18,210.15
Dec-21 88.50 78.35 17,639.50
Jan-22 89.00 79.15 18,350.95
Feb-22 88.70 67.85 17,794.60
Mar-22 74.80 68.60 17,559.80
Declaration signed by the chief executive officer stating that the members of board of directors and
senior management personnel have affirmed compliance with the code of conduct of board of directors
and senior management.
To
The Members,
DCB Bank Limited
Mumbai
I, Murali M. Natrajan, Managing Director & CEO of the Bank confirm that for the Financial Year 2021-2022, all the
Directors and Senior Management of the Bank have affirmed their adherence to the provisions of the Code of Conduct
as approved and adopted by the Board of Directors.
SD/-
Date: May 07, 2022 Murali M. Natrajan

Managing Director & CEO

CORPORATE GOVERNANCE CERTIFICATE

[Pursuant to Regulation 34(3) and Schedule V Para E of Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015]
1. Background
We have been approached by DCB Bank Limited (“the Bank”) to examine the compliance with the conditions of
Corporate Governance by the Bank, as stipulated in the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (the “Listing Regulations”), as amended from time to time, for the financial year ended on
31st March 2022.
2. Management’s Responsibility
The Compliance of conditions of Corporate Governance stipulated in the Listing Regulations is the responsibility
of the management of the Bank. The management shall devise adequate systems, internal controls and processes
to monitor and ensure compliance of the same.
3. Our Responsibility
Our responsibility is limited to conduct an examination of the systems, internal controls and processes adopted
by the Bank and implementation thereof to monitor and ensure with the conditions of Corporate Governance and
report thereon.
4. Methodology
4.1. In order to conduct our examination, we were provided with the relevant documents and information
including explanations, wherever required.
4.2. Our examination was conducted in a manner which provided us with a reasonable basis for evaluating the
systems, internal controls and processes adopted by the Bank to monitor and ensure compliance with the
conditions of Corporate Governance and to certify thereon.
5. Opinion
Based on our examination as aforesaid, the information, explanations and representations provided by the
management and subject to the deviation* reported as under and the management’s response thereat, we certify
that, the Bank has complied with the with the conditions of the Corporate Governance stipulated in the Listing
Regulations, for the Financial Year ended 31st March 2022.
Mr. Rafiq Somani, an Independent Director (ID) of the Bank has registered himself with the data bank maintained
by the Institute of Corporate Affairs (IICA) on 6th March 2020, but could not attempt the Online Proficiency
Self-Assessment Test conducted by IICA within stipulated period of two years from the date of his registration
as required under Rule 6(4) of Companies (Appointment and Qualification of Directors) Rules, 2014. We have
been informed that Mr. Somani has represented and requested IICA seeking more time to attempt the said Test to
which IICA has responded that the matter has been placed before Ministry of Corporate Affairs for consideration
and further directions in this regard.
6. Disclaimer
6.1. We have not verified the correctness and appropriateness of financial records and Books of Accounts of the Bank.
6.2. This report is neither an assurance as to the future viability of the Bank nor the efficiency or effectiveness
with which the management has conducted the affairs of the Bank.
For S. N. ANANTHASUBRAMANIAN & Co.

Company Secretaries
ICSI Unique Code: P1991MH040400
Peer Review Cert. No.: 606/2019
S. N. Ananthasubramanian
Partner
07th May, 2022 | Thane FCS: 4206 | COP No.: 1774
UDIN: F004206D000283485

DCB Bank Limited
Form No. MR- 3

SECRETARIAL AUDIT REPORT
FOR THE FINANCIAL YEAR ENDED 31ST MARCH 2022
[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014]
To,
The Members,
DCB Bank Limited
CIN: L99999MH1995PLC089008
601& 602, Peninsula Business Park, Tower A,
Mumbai - 400013.
We have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence
to good corporate practices by DCB Bank Limited (hereinafter called “the Bank”). Secretarial Audit was conducted
in a manner that provided us a reasonable basis for evaluating the corporate conducts/statutory compliances and
expressing our opinion thereon.
Based on our verification of the Bank’s books, papers, minute books, forms and returns filed and other records maintained
by the Bank and also the information provided by the Bank, its officers, agents and authorized representatives during
the conduct of secretarial audit, we hereby report that in our opinion, the Bank has, during the audit period covering
the financial year ended on 31st March 2022, complied with the statutory provisions listed hereunder and also that the
Bank has proper Board-processes and compliance-mechanism in place to the extent, in the manner and subject to the
reporting made hereinafter:
We have examined the books, papers, minute books, forms and returns filed and other records maintained by the Bank
for the financial year ended 31st March, 2022 according to the provisions of:
i. The Companies Act, 2013 (the Act) and the rules made thereunder;
ii. The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made thereunder;
iii. The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder;
iv. Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent of Foreign
Direct Investment Overseas Direct Investment and External Commercial Borrowings – Not Applicable to the
extent of Overseas Direct Investment and External Commercial Borrowings as there were no reportable events;
v. The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992
(‘SEBI Act’):
a. The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,
2011;
b. The Securities and Exchange Board of India (Prohibition of Insider Trading Regulations), 2015;
c. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,
2018 – Not Applicable as there was no reportable event;
d. The Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 (up to
12th August, 2021) and The Securities and Exchange Board of India (Share Based Employee Benefits and
Sweat Equity) Regulations, 2021 (with effect from 13th August, 2021);
e. The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 (up to
15th August, 2021);

f. The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations,
1993 regarding the Companies Act and dealing with client - Not Applicable as the Bank is not registered as
Registrar to Issue and Share Transfer Agent during the financial year under review;
g. The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009(up to 9th June,
2021) and The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 (with
effect from 10th June, 2021) - Not applicable as the Bank has not delisted / proposes to delist its equity
shares from any stock exchange during the financial year under review;
h. The Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018 - Not applicable
as the Bank has not bought back / proposes to buy-back any of its securities during the financial year
under review;
i. The Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations,
2021 (with effect from 16th August, 2021)
j. The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations,
2015 (SEBI LODR Regulations).
vi. The Bank has identified and confirmed the following laws as being specifically applicable to the Company:
a. The Banking Regulation Act, 1949 and Rules, Notifications, Circulars and Guidance issued by the Reserve
Bank of India from time to time;
b. The Reserve Bank of India (RBI) Act, 1934;
c. Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002;
d. The Payment and Settlement Systems Act, 2007;
e. The Negotiable Instruments Act, 1881
We have also examined compliance with the applicable clauses of the following:
(i) Secretarial Standards with regard to Meeting of Board of Directors (SS-1) and General Meetings (SS-2)
issued by The Institute of Company Secretaries of India;
(ii) Listing agreements entered into by the Bank with National Stock Exchange of India Limited and BSE Limited;
During the period under review the Bank has complied with the provisions of the Act, Rules, Regulations, Guidelines,
Standards, etc. mentioned above.
We further report that: -
(i) The Board of Directors of the Bank is duly constituted with proper balance of Executive Directors - Non-Executive
Directors including Independent Directors* and a Woman Director. Changes in the Composition of the Board
which took place during the year were carried out in compliance with the provisions of the Act.
*Mr. Rafiq Somani, an Independent Director (ID) of the Bank has registered himself with the data bank maintained
by the Institute of Corporate Affairs (IICA) on 6th March 2020, but could not attempt the Online Proficiency
Self-Assessment Test conducted by IICA within stipulated period of two years from the date of his registration
as required under Rule 6(4) of Companies (Appointment and Qualification of Directors) Rules, 2014. We have
been informed that Mr. Somani has represented and requested IICA seeking more time to attempt the said Test to
which IICA has responded that the matter has been placed before Ministry of Corporate Affairs for consideration
and further directions in this regard.
(ii) Adequate notice is given to all Directors of the schedule of the Board/Committee Meetings. Agenda and detailed
notes on agenda were sent atleast seven days in advance before the meeting except where consent of Directors

DCB Bank Limited
was received for circulation of the Notice, Agenda and notes on Agenda less than seven days before the meeting.
(iii) There exists a system for seeking and obtaining further information and clarifications on the agenda items before
the meeting for meaningful participation at the meeting.
(iv) All decisions of the Board and Committee meetings were carried with requisite majority.
We further report that based on (a) the review of the compliance mechanism established by the Bank (b) Compliance
Certificate(s) issued by various officials authorized for the purpose, which were taken on record by Board of Directors
at their Meeting(s), and (c) communication(s) received from Reserve Bank of India, we are of the opinion that the Bank
should continue its efforts to strengthen its systems and processes in the Bank to be commensurate with its size and
operations so as to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.
We further report that during the audit period:
• The Bank has redeemed Debt Securities by exercising call option aggregating
` 236.60 Crores on 27th December, 2021.
• The Members have at their 26th Annual General Meeting held on 13th August, 2021 approved the following by way
of Special Resolution(s):
(i) borrowings not to exceed the aggregate of the paid up capital and free reserves or Rs. 6,500 Crore (Rupees
Five Thousand Five Hundred Crore only) whichever is higher.
(ii) raising of funds by issue of bonds / debentures / securities in domestic / foreign markets on Private
Placement basis, of an amount not exceeding Rs. 500 Crore (Rupees Five Hundred Crore only) in aggregate
by way of additional Tier I and /or Tier II capital, within the overall borrowing limits of the Bank, as approved
by the members from time to time, for a period of one year, in one or more tranches and /or series.
(iii) Issue of equity shares to Qualified Institutional Buyers through Qualified Institutional Placement, for an
amount not exceeding Rs. 500 Crore (Rupees Five Hundred Crore only), in aggregate in one or more
tranches.
This Report is to be read with our letter of even date which is annexed as Annexure – A and forms an integral part of
this report.

Company Secretaries
Partner
UDIN: F004206D000283485

Annexure-A
To,
The Members,
DCB Bank Limited
CIN: L99999MH1995PLC089008
601 & 602, Peninsula Business Park, Tower A,
Mumbai – 400013
Our Secretarial Audit Report for the Financial Year ended 31st March, 2022, of even date, is to be read along with this
letter.
Management’s Responsibility.
1. It is the responsibility of the management of the Bank to maintain secretarial records, devise proper systems to
ensure compliance with the provisions of all applicable laws and regulations and to ensure that the systems are
adequate and operate effectively.
Auditor’s Responsibility
2. Our responsibility is to express an opinion on these secretarial records, standards and procedures followed by the
Company with respect to secretarial compliances.
3. We have conducted the Audit as per the applicable Auditing Standards issued by the Institute of Company
Secretaries of India.
4. We believe that audit evidence and information obtained from the Company’s management is adequate and
appropriate for us to provide a basis for our opinion.
5. Wherever required, we have obtained reasonable assurance about whether the statements prepared, documents
or Records, in relation to Secretarial Audit, maintained by the Auditee, are free from misstatement.
6. Wherever required, we have obtained the Management’s representation about the compliance of laws, rules and
regulations and happening of events, etc.
Disclaimer
7. The Secretarial Audit Report is neither an assurance as to the future viability of the Bank nor of the efficacy or
effectiveness with which the management has conducted the affairs of the Bank.
8. We have not verified the correctness and appropriateness of financial records and books of accounts of the Bank.
For S. N. ANANTHASUBRAMANIAN & CO.

Company Secretaries
Peer Review No.: 606/2019
07th May, 2022 | Thane S. N. Ananthasubramanian

Partner
FCS: 4206 I COP No: 1774
UDIN: F004206D000283463

DCB Bank Limited
CERTIFICATE OF NON-DISQUALIFICATION OF DIRECTORS

[Pursuant to Regulation 34(3) and Schedule V Para C Clause (10)(i) of
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015]
To,
The Members
DCB Bank Limited
601 & 602, Peninsula Business Park,
6th floor, Tower A, Senapati Bapat Marg,
Lower Parel, Mumbai – 400013
We have examined the following documents:
i) Declaration of non-disqualification as required under Section 164of Companies Act, 2013 (‘the Act’);
ii) Disclosure of concern or interests as required under Section 184 of the Act;
(hereinafter referred to as ‘relevant documents’)
as submitted by the Directors of DCB Bank Limited (‘the Company’) bearing CIN: L99999MH1995PLC089008 and
having its registered office at 601 & 602, Peninsula Business Park, 6th floor, Tower A, Senapati Bapat Marg, Lower
Parel, Mumbai – 400013, to the Board of Directors of the Company (‘the Board’) for the Financial Year 2021 – 2022
and Financial Year 2022 – 2023 and relevant registers, records, forms and returns maintained by the Company and
as made available to us for the purpose of issuing this Certificate in accordance with Regulation 34(3) read with
Schedule V Para C Clause 10(i) of SEBI (LODR) Regulations, 2015. We have considered non-disqualification to include
non-debarment by Regulatory/ Statutory Authorities.
It is the responsibility of Directors to submit relevant documents with complete and accurate information in accordance
with the provisions of the Act.
Ensuring the eligibility for the appointment / continuity of every Director on the Board is the responsibility of the
management of the Company. Our responsibility is to express an opinion on these based on our verification.
Based on our examination as aforesaid and such other verifications carried out by us as deemed necessary and
adequate (including Directors Identification Number (DIN) status at the portal www.mca.gov.in), in our opinion and to
the best of our information and knowledge and according to the explanations provided by the Company, its officers
and authorized representatives, we hereby certify that none of the Directors on the Board of the Company, as listed
hereunder for the Financial Year ending 31st March, 2022 have been debarred or disqualified from being appointed
or continuing as Directors of Companies by Securities and Exchange Board of India/ Ministry of Corporate Affairs or
any such statutory authority.

Sr. Name of Director Director Date of Date of

No. Identification Appointment Cessation
Number (DIN)
1. Mr. Nasser Munjee 00010180 29/06/2005 18/08/2021
2. Mr. Murali Natrajan 00061194 29/04/2009 –
3. Mr. Shaffiq Dharamshi 06925633 13/01/2015 –
4. Ms. Rupa Devi Singh 02191943 22/01/2015 –
5. Mr. Iqbal Khan 07870063 15/07/2017 –
6. Mr. Ashok Kumar Barat 00492930 22/03/2018 –
7. Mr. Somasundaram Palamadai Ramaswamy 00356363 25/01/2020 –
8. Mr. Amyn Jassani 02945319 25/01/2020
9. Mr. Shabbir Merchant 07438419 25/01/2020 –
10. Mr. Rafiq Somani 01351871 09/03/2020 –
11. Mr. Tarun Balram 02445298 24/01/2022 –
12. Mr. Thiyagarajan Kumar 00735914 10/02/2022 –
This Certificate is neither an assurance as to the future viability of the Company nor of the efficiency or effectiveness
with which the management has conducted the affairs of the Company.
This Certificate has been issued at the request of the Company to make disclosure in its Corporate Governance Report
of the Financial Year ended 31st March, 2022.

Company Secretaries
Partner
UDIN: F004206D000283485

DCB Bank Limited
INDEPENDENT AUDITOR’S REPORT
To the Members of DCB Bank Limited
Report on the Audit of the Financial Statements
Opinion
We have audited the accompanying financial statements of DCB Bank Limited (“the Bank”), which comprise the
Balance sheet as at March 31, 2022, the Profit and Loss Account, the Cash Flow Statement, and notes to the financial
statements, including a summary of significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us , the aforesaid financial
statements give the information required by the Banking Regulation Act, 1949 as well as the Companies Act, 2013, as
amended (“the Act”) in the manner so required for banking companies and give a true and fair view in conformity with
the accounting principles generally accepted in India, of the state of affairs of the Bank as at March 31, 2022, its profit,
its cash flows for the year ended on that date.
Basis for Opinion
We conducted our audit of the financial statements in accordance with the Standards on Auditing (“SAs”), as specified
under section 143(10) of the Act. Our responsibilities under those Standards are further described in the ‘Auditor’s
Responsibilities for the Audit of the Financial Statements’ section of our report. We are independent of the Bank in
accordance with the ‘Code of Ethics’ issued by the Institute of Chartered Accountants of India together with the ethical
requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules
thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code
of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion on the financial statements.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the
financial statements for the financial year ended March 31, 2022. These matters were addressed in the context of our
audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate
opinion on these matters. For each matter below, our description of how our audit addressed the matter is provided
in that context.
We have determined the matters described below to be the key audit matters to be communicated in our report. We
have fulfilled the responsibilities described in the Auditor’s responsibilities for the audit of the financial statements
section of our report, including in relation to these matters. Accordingly, our audit included the performance of
procedures designed to respond to our assessment of the risks of material misstatement of the financial statements.
The results of our audit procedures, including the procedures performed to address the matters below, provide the
basis for our audit opinion on the accompanying financial statements.

Key audit matters How our audit addressed the key audit matter
Identification of Non-Performing Advances (“NPA”) and provisioning of advances including compliance with
revised Income Recognition and Asset Classification norms (“IRAC”) issued by Reserve Bank of India (“RBI”) and
clarifications issued thereon
Advances constitute a significant portion of the Bank’s The audit procedures performed, among others, included:
assets and the quality of these advances is measured
• Read the Bank’s policies for NPA identification and
in terms of ratio of NPAs to the gross advances of the
provisioning and assessing compliance with the IRAC
Bank. The Bank’s net advances constitute 65 % of the
norms.
total assets and the gross NPA ratio of the Bank is 4.32%
as at March 31, 2022 • Understood the design and operating effectiveness of
key controls (including application controls) around
During the year, RBI issued revised guidelines (including identification of non-performing accounts based on
clarifications thereon) on IRAC. These guidelines the extant guidelines on IRAC.
prescribe the prudential norms for identification and • Performed substantive audit procedures covering the
classification of NPAs and the minimum provision identification and provisioning of NPAs by the Bank.
required for such assets. These procedures included:
- Tested the exception reports generated from the
The Bank is also required to apply its judgement to
application systems where the advances have been
determine the identification and provision required
recorded.
against NPAs by applying quantitative as well as
- Considered accounts reported by the Bank and
qualitative factors. The risk of identification of NPAs is
other Banks as Special Mention Accounts (“SMA”)
affected by factors like stress and liquidity concerns in
in RBI’s central repository of information on large
certain sectors. The provisioning for identified NPAs is
credits (CRILC) to identify stress and the early
estimated based on ageing and classification of NPAs,
warning reports generated by the Bank to identify
recovery estimates, value of security and other qualitative
stressed accounts
factors and is subject to the minimum provisioning norms
- Tested account statements and other related
specified by RBI.
information of the borrowers selected based on
Additionally, the Bank makes provisions on exposures quantitative and qualitative risk factors.
that are not classified as NPAs including advances - Performed analytical procedures to identify possible
in certain sectors and identified advances or group cases of evergreening of loans and tested these on
advances that can potentially slip into NPA. These are sample basis.
classified as contingency provisions. - Performed inquiries with the credit and risk
departments to ascertain if there were indicators
Since the identification of NPAs and provisioning of stress or an occurrence of an event of default in
for advances require significant level of estimation/ a particular loan account or any product category
judgement and given its significance to the overall which need to be considered as NPA.
audit due to stakeholder and regulatory focus, we have - Tested on sample basis, the calculation performed
ascertained identification and provisioning for NPAs and by the management for compliance with RBI
advances as a key audit matter. regulations and internally laid down policies for
provisioning.
- Evaluated the governance process and review
controls over NPA provision calculations and
provision on accounts not classified as NPA.
- Tested the arithmetical accuracy of computation of
provision for advances.
• Assessed disclosure requirements for classification and
provisioning of NPAs in accordance with RBI circulars
including those issued specifically issued for Covid 19
related matters.

DCB Bank Limited
Key audit matters How our audit addressed the key audit matter
Information Technology (“IT”) Systems and Controls
The reliability and security of IT systems plays a key role Our audit procedures included the following:
in the business operations preparation of the Bank’s • Tested the design and operating effectiveness of the
Financial Statements. Bank’s IT access controls over the information systems
that are critical to financial reporting.
The Bank’s operational and financial processes are
dependent on IT systems due to large volume of • Tested IT General Controls (logical access, change
transactions that are processed daily and accordingly management and aspects of IT operational controls).
the IT infrastructure is critical for smooth functioning of This included testing that requests for access to
the Bank’s business operations as well as for timely and systems were appropriately reviewed and authorized.
accurate financial reporting and accounting. The Bank • Tested the Bank’s periodic review of access rights.
has constituted an IT Strategy Committee at the Board We inspected requests of changes to systems for
level to oversee implementation of IT strategy. appropriate approval and authorization. We considered
the control environment relating to various interfaces,
Due to the pervasive nature and complexity of the IT configuration and other application layer controls
environment we have ascertained IT systems and controls identified as key to the audit.
as a key audit matter.
• Tested compensating controls and performed alternate
procedures, where necessary.
• Understood where relevant, changes made to the IT
landscape during the audit period and tested those
changes.
Information Other than the Financial Statements and Auditor’s Report Thereon
The Bank’s Board of Directors is responsible for the other information. The other information comprises the information
included in the Director’s Report (but does not include the financial statements and our auditor’s reports thereon),
which we obtained prior to the date of this auditor’s report, and Annual Report, which is expected to be made available
to us after that date.
Our opinion on the financial statements does not cover the other information and we do not express any form of
assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing
so, consider whether such other information is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we
conclude that there is a material misstatement of this other information, we are required to report that fact. We have
nothing to report in this regard.
Responsibilities of Management and Those Charged with Governance for the Standalone Financial
Statements
The Bank’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the
preparation of these financial statements that give a true and fair view of the financial position, financial performance,
cash flows of the Bank in accordance with provisions of Section 29 of the Banking Regulation Act, 1949, the accounting
principles generally accepted in India, including the Accounting Standards specified under section 133 of the Act read
with Rule 7 of the Companies (Accounts) Rules, 2014 in so far as they apply to the Bank and guidelines and directions
issued by Reserve Bank of India (“RBI”) from time to time.
This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of
the Act for safeguarding of the assets of the Bank and for preventing and detecting frauds and other irregularities;
selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and

prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating
effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and
presentation of the financial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Bank’s ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting
unless management either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to
do so.
Those charged with governance are also responsible for overseeing the Bank’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our
opinion on whether the Bank has adequate internal financial controls with reference to financial statements in place
and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by management.
• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the Bank’s ability to continue as a going concern. If we conclude that a material uncertainty
exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements
or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence
obtained up to the date of our auditor’s report. However, future events or conditions may cause the Bank to cease
to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and
whether the financial statements represent the underlying transactions and events in a manner that achieves fair
presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing
of the audit and significant audit findings, including any significant deficiencies in internal control that we identify
during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical
requirements regarding independence, and to communicate with them all relationships and other matters that may
reasonably be thought to bear on our independence, and where applicable, related safeguards.

DCB Bank Limited
From the matters communicated with those charged with governance, we determine those matters that were of most
significance in the audit of the financial statements for the financial year ended March 31, 2022 and are therefore the key
audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure
about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated
in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public
interest benefits of such communication.
Other Matter
The financial statements of the Bank for the year ended March 31, 2021, included in these financial statements, have
been audited by the S.R. Batliboi & Associates LLP who expressed an unmodified opinion on those statements on
May 08, 2021.
Report on Other Legal and Regulatory Requirements
1. The Balance Sheet and the Profit and Loss Account have been drawn up in accordance with the provisions of
Section 29 of the Banking Regulation Act, 1949 read with Section 133 of the Companies Act, 2013 read with Rule 7
of the Companies (Accounts) Rules, 2014.
2. As required by sub section (3) of section 30 of the Banking Regulation Act, 1949 and communication received by
the Bank from RBI, we report that:
a. We have obtained all the information and explanations which, to the best of our knowledge and belief, were
necessary for the purpose of our audit and have found them to be satisfactory;
b. The transactions of the Bank, which have come to our notice, have been within the powers of the Bank; and
c. The financial accounting systems of the Bank are centralized and therefore, accounting returns for the purpose
of preparing financial statements are not required to be submitted by its branches. We have visited 31 branches
for the purpose of our walkthrough of processes and test of controls at branches by inspection of documents
obtained from branches.
3. As required by Section 143(3) of the Act, we report that:
a. We have sought and obtained all the information and explanations which to the best of our knowledge and
belief were necessary for the purposes of our audit;
b. In our opinion, proper books of account as required by law have been kept by the Bank so far as it appears from
our examination of those books;
c. The Balance Sheet, the Profit and Loss Account, the Cash Flow Statement dealt with by this Report are in
agreement with the books of account;
d. In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under
Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 to the extent they are not
inconsistent with the accounting policies prescribed by RBI;
e. On the basis of the written representations received from the directors as on March 31, 2022 taken on record
by the Board of Directors, none of the directors is disqualified as on March 31, 2022 from being appointed as a
director in terms of Section 164 (2) of the Act;
f. With respect to the adequacy of the internal financial controls with reference to these financial statements and
the operating effectiveness of such controls, refer to our separate Report in “Annexure 1” to this report;
g. In our opinion, the entity being a banking company, the remuneration to whole-time directors during the year
ended March 31, 2022 has been paid by the Bank in accordance with the provisions of Section 35B (1) of the
Banking Regulation Act, 1949;

h. With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the
Companies (Audit and Auditors) Rules, 2014, as amended in our opinion and to the best of our information and
according to the explanations given to us:
i. The Bank has disclosed the impact of pending litigations on its financial position in its financial statements
– Refer note 15 to the financial statements;
ii. The Bank did not have any long-term contracts including derivative contracts for which there were any
material foreseeable losses;
iii. There were no amounts which were required to be transferred to the Investor Education and Protection
Fund by the Bank
iv. a) The management has represented that, to the best of its knowledge and belief, other than as disclosed
in the note 13.6 to the financial statements, no funds have been advanced or loaned or invested (either
from borrowed funds or share premium or any other sources or kind of funds) by the Bank to or in
any other person(s) or entity(ies), including foreign entities (“Intermediaries”), with the understanding,
whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or indirectly
lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Bank (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries;
b) The management has represented that, to the best of its knowledge and belief, other than as disclosed in
the note 13.6 to the financial statements, no funds have been received by the Bank from any person(s)
or entity(ies), including foreign entities (“Funding Parties”), with the understanding, whether recorded
in writing or otherwise, that the Bank shall, whether, directly or indirectly, lend or invest in other persons
or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate
Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries; and
c) Based on such audit procedures that were considered reasonable and appropriate in the circumstances,
nothing has come to our notice that has caused us to believe that the representations under sub-clause
(a) and (b) contain any material misstatement.
v. As stated in note 13.5 to the financial statements, the Board of Directors of the Bank have proposed final
dividend for the year which is subject to the approval of the members at the ensuing Annual General
Meeting. The amount of dividend declared is in accordance with section 123 of the Act to the extent it
applies to declaration of dividend.
For S.R. BATLIBOI & ASSOCIATES LLP For SUNDARAM & SRINIVASAN
Chartered Accountants Chartered Accountants
Firm Registration no.: 101049W/E300004 Firm Registration no.: 004207S
per Sarvesh Warty P Menakshi Sundaram

Partner Partner
Membership No.: 121411 Membership No.: 217914
UDIN: 22121411AIODHV7462 UDIN: 22217914AIOGNG3569
Place: Mumbai Place: Mumbai

Date: May 07, 2022 Date: May 07, 2022

DCB Bank Limited
ANNEXURE TO THE INDEPENDENT AUDITOR’S REPORT OF EVEN DATE

ON THE FINANCIAL STATEMENTS OF DCB BANK LIMITED
Report on the Internal Financial Controls under Clause Our audit involves performing procedures to obtain
(i) of Sub-section 3 of Section 143 of the Companies audit evidence about the adequacy of the internal
Act, 2013 (“the Act”) financial controls with reference to these financial
statements and their operating effectiveness. Our audit
We have audited the internal financial controls with of internal financial controls with reference to financial
reference to financial statements of DCB Bank Limited statements included obtaining an understanding of
(“the Bank”) as of March 31, 2022 in conjunction with our internal financial controls with reference to these
audit of the financial statements of the Bank for the year financial statements, assessing the risk that a material
ended on that date. weakness exists, and testing and evaluating the design
and operating effectiveness of internal control based
Management’s Responsibility for Internal on the assessed risk. The procedures selected depend
Financial Controls on the auditor’s judgement, including the assessment
of the risks of material misstatement of the financial
The Bank’s Management is responsible for establishing statements, whether due to fraud or error.
and maintaining internal financial controls based on
the internal control over financial reporting criteria We believe that the audit evidence we have obtained
established by the Bank considering the essential is sufficient and appropriate to provide a basis for our
components of internal control stated in the Guidance audit opinion on the Bank’s internal financial controls
Note on Audit of Internal Financial Controls Over with reference to these financial statements.
Financial Reporting issued by the Institute of Chartered
Accountants of India (“ICAI”). These responsibilities
Meaning of Internal Financial Controls With
include the design, implementation and maintenance of
Reference to these Financial Statements
adequate internal financial controls that were operating
effectively for ensuring the orderly and efficient conduct A company’s internal financial controls with reference
of its business, including adherence to the Bank’s to financial statements is a process designed to provide
policies, the safeguarding of its assets, the prevention reasonable assurance regarding the reliability of financial
and detection of frauds and errors, the accuracy and reporting and the preparation of financial statements
completeness of the accounting records, and the timely for external purposes in accordance with generally
preparation of reliable financial information, as required accepted accounting principles. A company’s internal
under the Companies Act, 2013. financial controls with reference to financial statements
includes those policies and procedures that (1) pertain
to the maintenance of records that, in reasonable
Auditor’s Responsibility
detail, accurately and fairly reflect the transactions
Our responsibility is to express an opinion on the
and dispositions of the assets of the company; (2)
Bank’s internal financial controls with reference to these
provide reasonable assurance that transactions are
financial statements based on our audit. We conducted
recorded as necessary to permit preparation of
our audit in accordance with the Guidance Note on Audit
financial statements in accordance with generally
of Internal Financial Controls Over Financial Reporting
accepted accounting principles, and that receipts and
(the “Guidance Note”) and the Standards on Auditing,
expenditures of the company are being made only in
as specified under section 143(10) of the Act, to the
accordance with authorisations of management and
extent applicable to an audit of internal financial controls,
directors of the company; and (3) provide reasonable
both issued by ICAI. Those Standards and the Guidance
assurance regarding prevention or timely detection
Note require that we comply with ethical requirements
of unauthorised acquisition, use, or disposition of the
and plan and perform the audit to obtain reasonable
company’s assets that could have a material effect on
assurance about whether adequate internal financial
the financial statements.
controls with reference to these financial statements was
established and maintained and if such controls operated
effectively in all material respects.

Inherent Limitations of Internal Financial Controls degree of compliance with the policies or procedures
With Reference to Financial Statements may deteriorate.
Because of the inherent limitations of internal financial

controls with reference to financial statements, including Opinion
the possibility of collusion or improper management
override of controls, material misstatements due to error In our opinion, the Bank has, in all material respects,
or fraud may occur and not be detected. Also, projections adequate internal financial controls with reference to
of any evaluation of the internal financial controls with financial statements and such internal financial controls
reference to financial statements to future periods are with reference to financial statements were operating
subject to the risk that the internal financial control effectively as at March 31, 2022, based on the internal
with reference to financial statements may become control over financial reporting criteria established by the
inadequate because of changes in conditions, or that the Bank considering the essential components of internal
control stated in the Guidance Note issued by the ICAI.
For S.R. BATLIBOI & ASSOCIATES LLP For SUNDARAM & SRINIVASAN
Firm Registration no.: 101049W/E300004 Firm Registration no.: 004207S
per Sarvesh Warty P Menakshi Sundaram

Partner Partner
Membership No.: 121411 Membership No.: 217914
UDIN: 22121411AIODHV7462 UDIN: 22217914AIOGNG3569
Place: Mumbai Place: Mumbai

Date: May 07, 2022 Date: May 07, 2022

DCB Bank Limited
BALANCE SHEET AS AT MARCH 31, 2022
Schedule As on 31.03.2022 As on 31.03.2021

(` in 000's) (` in 000's)
CAPITAL & LIABILITIES
Capital 1 31,09,765 31,05,361
Employee Stock Options
(Grants outstanding net of deferred cost) 13,151 9,542
Reserves and Surplus 2 3,73,65,327 3,44,70,976
Capital and Reserves 4,04,88,243 3,75,85,879
Deposits 3 34,69,16,866 29,70,38,646

Borrowings 4 4,08,18,396 4,48,22,513
Other Liabilities and Provisions 5 2,01,77,911 1,65,74,251
TOTAL CAPITAL & LIABILITIES 44,84,01,416 39,60,21,289

ASSETS
Cash and Balances with Reserve Bank of India 6 1,57,75,007 1,18,28,873
Balances with Banks and Money at Call and Short Notice 7 2,51,32,597 1,85,64,547
Investments 8 9,09,82,339 8,41,36,927
Advances 9 29,09,57,812 25,73,71,970
Fixed Assets 10 66,11,838 56,85,098
Other Assets 11 1,89,41,823 1,84,33,874
TOTAL ASSETS 44,84,01,416 39,60,21,289

Contingent Liabilities 12 5,06,20,979 5,84,98,184
Bills for Collection 55,46,339 46,95,387
Significant Accounting Policies 17
Notes to Accounts 18
The Schedules referred to above form an integral part of the Balance Sheet.
The Balance Sheet has been prepared in conformity with Form ‘A’ of the Third Schedule to the Banking Regulation Act, 1949.
For and on behalf of the Board of Directors
Murali M. Natrajan Rupa Devi Singh Amyn Jassani Bharat Sampat Rubi Chaturvedi
MD & CEO Director Director Chief Financial Officer Company Secretary
DIN-00061194 DIN-02191943 DIN-02945319
As per our report of even date.
For S. R. BATLIBOI & ASSOCIATES LLP For SUNDARAM & SRINIVASAN
Firm Registration Number: 101049W/E300004 Firm Registration Number: 004207S
Sarvesh Warty P Menakshi Sundaram

Partner Partner
Membership No. : 121411 Membership No. : 217914
Place : Mumbai Place : Mumbai

Date : May 07, 2022 Date : May 07, 2022

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2022
Schedule Year ended Year ended

31.03.2022 31.03.2021
(` in 000's) (` in 000's)
I. INCOME
Interest Earned 13 3,51,27,650 3,45,82,144
Other Income 14 45,20,392 44,58,259
TOTAL INCOME 3,96,48,042 3,90,40,403
II. EXPENDITURE
Interest Expended 15 2,15,52,576 2,17,15,978
Operating Expenses 16 1,01,25,643 84,66,272
Provisions and Contingencies 18 (12.1) 50,94,780 55,00,255
TOTAL EXPENDITURE 3,67,72,999 3,56,82,505
III. PROFIT / (LOSS)
Net Profit for the Year 28,75,043 33,57,898
Balance Brought Forward 93,85,296 76,26,091
TOTAL PROFIT/(LOSS) 1,22,60,339 1,09,83,989
IV. APPROPRIATIONS
Transfer to Statutory Reserve 7,18,761 8,39,474
Transfer to Special Reserve 3,06,500 3,10,000
Transfer to Capital Reserve 2,06,662 5,27,665
Transfer to / (from) Investment Reserve 15,990 (18,170)
Transfer to Investment Fluctuation Reserve - -
Transfer from Revaluation Reserve (60,276) (60,276)
Dividend Paid - -
Balance carried over to Balance sheet 1,10,72,702 93,85,296
TOTAL 1,22,60,339 1,09,83,989
Earnings per share 17 (17)
(i) Basic (`) 18 (11.2) 9.26 10.82
(ii) Diluted (`) 18 (11.2) 9.19 10.70
Face Value per share (`) 10.00 10.00
Significant Accounting Policies 17
Notes to Accounts 18
The Schedules referred to above form an integral part of the Profit and Loss Account.
The Profit and Loss Account has been prepared in conformity with Form ‘B’ of the Third Schedule to the Banking
Regulation Act, 1949.
DIN-00061194 DIN-02191943 DIN-02945319

Partner Partner

Date : May 07, 2022 Date : May 07, 2022

DCB Bank Limited
CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2022
Year ended Year ended

31.03.2022 31.03.2021
(` in 000's) (` in 000's)
Cash Flow from Operating Activities
Net Profit after tax for the year (Refer Profit and Loss Account) 28,75,043 33,57,898
Add: Provision for income tax (Refer Schedule 18 (12.1)) 10,20,453 11,70,152
Net Profit before tax for the year 38,95,496 45,28,050
Adjustments for:
Provisions for Advances 30,78,816 26,98,109
Provisions for Restructured Advances 1,71,898 2,00,879
Provision for Investments 67,856 78,393
Provision for Standard Assets* 8,64,521 20,90,097
General Provision for COVID-19 - (6,30,000)
Provision for Other Assets and Contingencies 12,380 667
Depreciation / Amortisation on Fixed Assets 6,37,140 5,66,043
Loss on Sale of Fixed Assets 2,282 1,322
Amortisation of Premium on Held-to-Maturity (HTM) Investments 6,27,745 4,00,886
Amortisation of Premium on Acquired Assets 3,504 4,333
ESOPs Compensation 4,101 (9)
Cash Flow from Operating Activities before adjustments 93,65,739 99,38,770
Adjustments for:
Increase/(Decrease) in Deposits 4,98,78,220 (66,60,641)
Increase/(Decrease) in Other Liabilities & Provisions 27,38,646 20,62,821
(Increase)/Decrease in Investments (75,41,011) (72,01,181)
(Increase)/Decrease in Advances (3,68,40,060) (68,22,369)
(Increase)/Decrease in Other Assets 2,64,696 (44,02,392)
Refund/(Payment) of direct taxes (Including Tax Deducted at (18,05,479) (19,36,271)
Source)
Net Cash Flow from / (used in) Operating activities A 1,60,60,751 (1,50,21,263)
Cash flow from Investing Activities
Purchase of Fixed assets (15,74,786) (8,02,547)
Proceeds from sale of Fixed Assets 8,625 8,813
Net Cash Flow used in Investing activities B (15,66,161) (7,93,734)

Year ended Year ended

31.03.2022 31.03.2021
(` in 000's) (` in 000's)
Cash flow from Financing Activities
Proceeds from Issue of Capital (including ESOPs) 23,712 6,716
Repayment of Subordinated Debt (23,66,000) -
Proceeds from Borrowings 2,37,49,883 2,75,66,590
Repayment of Borrowings (2,53,88,001) (1,68,23,589)
Net Cash Flow from Financing activities C (39,80,406) 1,07,49,717
Net Increase in Cash & Cash Equivalents A+B+C 1,05,14,184 (50,65,280)
Cash and cash equivalents at the beginning of the year 3,03,93,420 3,54,58,700
Cash and cash equivalents at the end of the year 4,09,07,604 3,03,93,420
Notes to the cash flow statement
Cash and cash equivalents includes the following:
Cash and balances with Reserve Bank of India (Refer Schedule 6) 1,57,75,007 1,18,28,873
Balances with Banks and Money at Call and Short notice 2,51,32,597 1,85,64,547
(Refer Schedule 7)
Cash and Cash equivalents at the end of the year 4,09,07,604 3,03,93,420
*Includes provision for standard restructured accounts
DIN-00061194 DIN-02191943 DIN-02945319
As per our report of even date. .

Partner Partner

Date : May 07, 2022 Date : May 07, 2022

DCB Bank Limited
SCHEDULE 1 - CAPITAL
As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
Authorised Capital
500,000,000 (Previous year 500,000,000) 50,00,000 50,00,000
Equity Shares of ` 10/- each
Issued, Subscribed and Paid up Capital*
310,976,463 (as at March 31, 2021: 310,536,113) 31,09,765 31,05,361
Equity Shares of ` 10/- each
TOTAL 31,09,765 31,05,361
* (During the year, 440,350 (Previous year: 120,700) equity shares have been issued against exercise of options
purchased under the Employees’ Stock Option Plan).
Refer Note 18 (11.3) (Employees’ Stock Option Plan)
SCHEDULE 2 - RESERVES & SURPLUS

As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
I. Statutory Reserve
Opening balance 63,22,621 54,83,147
Additions during the year 7,18,761 8,39,474
TOTAL(I) 70,41,382 63,22,621
II. Special Reserve
Deductions during the year - -
TOTAL(II) 15,15,989 12,09,489
III. Capital Reserve
a) Revaluation Reserve
Additions during the year - -
Deductions during the year (transferred to
Balance in Profit & Loss Account)* (60,276) (60,276)
TOTAL (a) 22,53,342 23,13,618
b) Other Capital Reserve
TOTAL (b) 14,03,411 11,96,749
TOTAL (a + b ) (III) 36,56,753 35,10,367

As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
IV. Securities Premium
Opening balance 1,36,56,753 1,36,51,244
Additions during the year 19,308 5,509
TOTAL (IV) 1,36,76,061 1,36,56,753
V. Investment Reserve
Opening balance - 18,170
Additions during the year 15,990 -
Deductions during the year - (18,170)
TOTAL (V) 15,990 -
VI. Investment Fluctuation Reserve
TOTAL (VI) 3,86,450 3,86,450
VII. Balance in Profit and Loss Account 1,10,72,702 93,85,296
TOTAL (I to VII) 3,73,65,327 3,44,70,976
* Refer Note 18 (11.8) (Revaluation of Fixed Assets)
SCHEDULE 3 - DEPOSITS
As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
A I. Demand Deposits
(i) From Banks 1,41,245 4,22,644
(ii) From Others 2,11,62,691 1,99,20,998
TOTAL(I) 2,13,03,936 2,03,43,642
II. Savings Bank Deposits 7,15,06,895 4,75,21,462
TOTAL(II) 7,15,06,895 4,75,21,462
III. Term Deposits
(i) From Banks 3,39,73,087 2,55,79,796
(ii) From Others 22,01,32,948 20,35,93,746
TOTAL (III) 25,41,06,035 22,91,73,542
TOTAL (I,II and III) 34,69,16,866 29,70,38,646
B I. Deposits of branches in India 34,69,16,866 29,70,38,646
II. Deposits of branches outside India - -
TOTAL 34,69,16,866 29,70,38,646

DCB Bank Limited
SCHEDULE 4 - BORROWINGS
As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
I. Borrowings in India
(i) Reserve Bank of India 10,00,000 10,00,000
(ii) Other Banks 5,50,000 7,00,000
(iii) Other Institutions and Agencies 3,47,68,396 3,62,56,513
(iv) Sub-Ordinated Debts 45,00,000 68,66,000
TOTAL (I) 4,08,18,396 4,48,22,513
II. Borrowings outside India - -
TOTAL (I & II) 4,08,18,396 4,48,22,513
Secured Borrowings included in I & II above 10,00,000 10,00,000
SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS

As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
I. Bills Payable 68,99,418 47,23,053
II. Inter Office Adjustments (Net) - -
III. Interest Accrued (Net of TDS recoverable) 38,21,848 42,49,081
IV. Others
(i) Provision for Standard Assets * 40,73,586 32,09,065
(ii) Other Liabilities (including provisions)** 53,83,059 43,93,052
TOTAL 2,01,77,911 1,65,74,251
* includes provision for unhedged foreign currency exposure and provision on specific standard assets. Refer
Schedule 18 (5.16) (Provisions on Standard Assets)
** includes provision for employee benefits. Refer Schedule 18 (11.1) (Employee Benefits)
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA

As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
I. Cash in hand 19,17,985 19,73,833
(including foreign currency notes)
II. Balances with Reserve Bank of India
(i) In Current Accounts 1,38,57,022 98,55,040
(ii) In Other Accounts - -
TOTAL (II) 1,38,57,022 98,55,040
TOTAL (I & II) 1,57,75,007 1,18,28,873

SCHEDULE 7 - BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE
As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
I. In India
i. Balance with Banks
(a) In Current Accounts* 73,163 89,284
(b) In Other Deposit Accounts 2,004 1,927
* includes funds in transit amounting to ` 2.30 crore
(Previous Year : ` 1.05 crore)
TOTAL 75,167 91,211
ii. Money at Call and Short Notice
(a) With Banks 1,63,00,000 1,20,00,000
(b) With Other Institutions 14,63,523 35,99,676
TOTAL 1,77,63,523 1,55,99,676
TOTAL (I) 1,78,38,690 1,56,90,887
II. Outside India
(i) In Current Accounts 4,49,086 2,36,582
(ii) In Other Deposit Accounts 68,44,821 26,37,078
(iii) Money at Call and Short Notice - -
TOTAL (II) 72,93,907 28,73,660
TOTAL (I & II) 2,51,32,597 1,85,64,547
SCHEDULE 8 - INVESTMENTS
As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
I. Investments in India
Net Investments in :-
(i) Government Securities 7,62,40,029 6,73,70,398
(ii) Other Approved Securities - -
(iii) Shares 2,25,994 2,37,555
(iv) Debentures and Bonds 12,46,767 12,95,896
(v) Subsidiaries and/or Joint Ventures - -
(vi) Other Investments :
(a) Ceritificate of Deposits/Commercial Paper 4,96,200 4,95,982
(b) Units of Mutual Funds 31,000 21,500
(c) Pass Through Certificates 1,24,05,252 1,44,66,688
(d) Security Receipts* 3,37,097 2,48,908
TOTAL (I) 9,09,82,339 8,41,36,927
II. Investments in India
(i) Gross Value 9,11,40,358 8,43,23,834
(ii) Provision for Depreciation (1,58,019) (1,86,907)
TOTAL (II) 9,09,82,339 8,41,36,927
III. Investments outside India
(i) Government Securities - -
(ii) Subsidiaries and/or Joint Ventures - -
(iii) Other Investments - -
TOTAL (III) - -
* Refer Schedule 18 (5.12 and 5.13) (Details of financial assets (including written off accounts) sold to Securitisation/
Reconstruction Company for Asset Reconstruction and Details of investment in security receipts (SRs))

DCB Bank Limited
SCHEDULE 9 - ADVANCES
As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
I. (i) Bills Purchased and Discounted 47,19,719 18,29,874
(ii) Cash credits, Overdrafts and Loans
repayable on demand 5,99,03,885 6,11,79,361
(iii) Term Loans 22,63,34,208 19,43,62,735
TOTAL (I) 29,09,57,812 25,73,71,970
II. (i) Secured by tangible assets* 27,79,62,720 24,54,87,692
(ii) Covered by Bank / Government Guarantees - -
(iii) Unsecured 1,29,95,092 1,18,84,278
*includes Advances against Book Debts
TOTAL (II) 29,09,57,812 25,73,71,970
III (a) Advances in India
(i) Priority Sectors 14,16,74,023 15,40,11,686
(ii) Public Sector - -
(iii) Banks 1,74,868 -
(iv) Others 14,91,08,921 10,33,60,284
TOTAL 29,09,57,812 25,73,71,970
III (b) Advances outside India - -
TOTAL (III) 29,09,57,812 25,73,71,970
Advances are net of provisions
SCHEDULE 10 - FIXED ASSETS

As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
I. Premises (Gross Block including Revaluation)
(i) As at 31 March of the preceding year 52,25,608 51,10,796
(ii) Additions during the year 4,35,640 1,17,092
(iii) Deductions during the year (4,710) (2,280)
Total 56,56,538 52,25,608
Depreciation to date (including on Revaluation)
(ii) Charge for the year 1,37,017 1,26,041
(iii) On deductions during the year (4,165) (2,232)
Total 9,60,400 8,27,548
Net Block 46,96,138 43,98,060
II. Other Fixed Assets (Gross Block including Furniture & Fixtures)*
(ii) Additions during the year 6,10,921 6,85,456
(iii) Deductions during the year (1,58,696) (43,863)
Total 48,35,803 43,83,578
Depreciation to date
(ii) Charge for the year 5,00,123 4,40,003
(iii) On deductions during the year (1,48,334) (33,777)
Total 34,48,329 30,96,540
Net Block 13,87,474 12,87,038
III. Capital Work In Progress 5,28,226 -
TOTAL (I+II+III) 66,11,838 56,85,098
* Refer Schedule 18 (7) (Other Fixed Assets (including furniture and fixtures))

SCHEDULE 11 - OTHER ASSETS

As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
I. Inter-Office Adjustments (Net) - -
II. Interest accrued 54,57,115 36,20,665
III. Tax paid in Advance/Tax deducted at Source (Net of provision) 6,86,165 6,41,209
IV. Stationery and Stamps 4,129 4,496
V. Non-Banking Assets acquired in satisfaction of claims (Net) - -
VI. Deferred Tax Assets (Net)* 22,99,913 15,59,863
VII. Others 1,04,94,501 1,26,07,641
TOTAL 1,89,41,823 1,84,33,874
* Refer Schedule 18 (11.6) (Deferred Tax)
SCHEDULE 12 - CONTINGENT LIABILITIES

As on 31.03.2022 As on 31.03.2021
(` in 000's) (` in 000's)
I. Claims against the Bank not acknowledged as debts 354,946 440,372
II. Liability for partly paid investments - -
III. Liability on account of outstanding forward exchange and derivative
contracts
(a) Forward Contracts 1,77,82,740 2,94,48,701
(b) Interest Rate Swaps and Currency Swaps - -
(c) Foreign Currency Options - -
IV. Guarantees given on behalf of constituents
(a) In India 1,10,69,197 1,01,56,679
(b) Outside India 7,07,795 7,32,221
V. Acceptances, Endorsements and other obligations 23,19,491 24,65,837
VI. Other items for which the Bank is contingently liable* 1,83,86,810 1,52,54,374
TOTAL 5,06,20,979 5,84,98,184
* includes
i) ` 1,718 crore of lending under RBI Liquidity Adjustment Facility outstanding as at March 31, 2022 (Previous Year :
` 1,402 crore as on March 31, 2021) as per RBI circular FMRD.DIRD. 10/14.03.002/2015-16.
ii) ` 61.54 crore (Previous year: ` 55.13 crore) being amount transferred to DEA Fund Cell, RBI and outstanding, as
per RBI circular DBOD.No.DEAF Cell.BC.114/30.01.002/2013-14.
iii) ` 5.29 crore (Previous Year : ` 2.74 crore) includes capital commitment towards unpaid commitment towards new
premises and undrawn amount of Alternative Investment Fund
SCHEDULE 13 - INTEREST EARNED
Year Ended Year Ended
31.03.2022 31.03.2021
(` in 000’s) (` in 000’s)
I. Interest/Discount on Advances/Bills 2,83,17,721 2,78,55,391
II. Income on Investments 59,42,893 58,31,607
III. Interest on Balance with Reserve Bank of India and other Inter Bank 5,35,238 5,37,331
Funds
IV. Others 3,31,798 3,57,815
TOTAL 3,51,27,650 3,45,82,144

DCB Bank Limited
SCHEDULE 14 - OTHER INCOME

31.03.2022 31.03.2021
(` in 000’s) (` in 000’s)
I. Commission, Exchange and Brokerage 23,79,917 19,55,874
II. Profit/(Loss) on sale of Investments (Net) 8,08,515 14,27,626
III. Profit/(Loss) on revaluation of Investments (Net) (67,856) (78,393)
IV. Profit/(Loss) on sale of Land, Buildings and Other Assets (Net) (2,282) (1,322)
V. Profit/(Loss) on Exchange Transactions (Net) 2,84,614 2,26,795
VI. Income earned by way of Dividends, etc. from Subsidiaries, - -
Companies and/or Joint Ventures abroad/in India
VII. Miscellaneous Income 11,17,484 9,27,679
TOTAL 45,20,392 44,58,259
SCHEDULE 15 - INTEREST EXPENDED

31.03.2022 31.03.2021
(` in 000’s) (` in 000’s)
I. Interest on Deposits 1,88,57,212 1,88,02,773
II. Interest on Reserve Bank of India/Inter-Bank Borrowings 6,62,128 7,28,402
III. Other Interest 20,33,236 21,84,803
TOTAL 2,15,52,576 2,17,15,978
SCHEDULE 16 - OPERATING EXPENSES

31.03.2022 31.03.2021
(` in 000’s) (` in 000’s)
I. Payments to and Provisions for Employees 53,91,355 43,34,992
II. Rent, Taxes and Lighting 9,77,862 8,48,723
III. Printing and Stationery 86,325 65,928
IV. Advertisement and Publicity 33,663 18,606
V. Depreciation on Bank's property 6,37,140 5,66,043
VI. Directors' Fees, Allowances and Expenses 13,492 13,669
VII. Auditors' Fees and Expenses 14,824 10,046
VIII. Law Charges 1,04,258 73,982
IX. Postages,Telegrams,Telephones, etc. 1,60,275 1,37,686
X. Repairs and Maintenance 2,96,223 2,39,794
XI. Insurance 3,73,587 3,43,506
XII. Other Expenditure* 20,36,639 18,13,297
TOTAL 1,01,25,643 84,66,272
* includes an amount of ` 9.66 crore (Previous year : ` 9.15 crore) being Corporate Social Resposibility Expenditure
as per requirenment of Section 135 of the Companies Act, 2013
(Refer Note 18 (13.2) (Corporate Social Responsibility))

SCHEDULE 17 – SIGNIFICANT ACCOUNTING POLICIES

1. BACKGROUND
DCB Bank Limited (“DCB” or “the Bank”), incorporated in Mumbai, India is a publicly held banking company
engaged in providing banking and financial services and governed by the Banking Regulation Act, 1949 and the
Companies Act, 2013.
2. BASIS OF PREPARATION
The financial statements have been prepared and presented under the historical cost convention and on the accrual
basis of accounting unless otherwise stated, and comply with the Generally Accepted Accounting Principles in
India (‘GAAP’), statutory requirements prescribed under the Banking Regulation Act, 1949, circulars and guidelines
issued by the Reserve Bank of India (the “RBI”) from time to time and the Accounting Standards notified under
Section 133 of the Companies Act 2013 read with paragraph 7 of the Companies (Accounts) Rules, 2014 and the
Companies (Accounting Standard) Amendment Rules, 2016 as amended, in so far as they apply to banks and the
current practices prevailing within the banking industry in India.
3. USE OF ESTIMATES
The preparation of the financial statements in conformity with GAAP requires the management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities
at the date of the financial statements and the results of operations during the reporting period. Although these
estimates are based upon the management’s best knowledge of current events and actions, actual results could
differ from these estimates. Any revisions to the accounting estimates are recognised prospectively in the current
and future periods.
4. INVESTMENTS
4.1 Classification:
The investment portfolio comprising approved securities (predominantly Government Securities) and
other securities (Pass through Certificates, Shares, Debentures and Bonds, etc.) is classified at the time
of acquisition in accordance with the RBI guidelines under three categories viz. ‘Held to Maturity’ (‘HTM’),
‘Available for Sale’ (‘AFS’) and ‘Held for Trading’ (‘HFT’). For the purposes of disclosure in the Balance
Sheet, they are classified under six groups viz. Government Securities, Other Approved Securities, Shares,
Debentures and Bonds, Subsidiaries and/or joint ventures and Other Investments.
The Bank follows ‘Settlement Date’ accounting for recording purchase and sale transactions.
4.2 Basis of Classification:

Investments that are held principally for resale within 90 days from the date of purchase are classified as
HFT securities. As per the RBI guidelines, HFT securities, which remain unsold for a period of 90 days are
reclassified as AFS securities as on that date.
Investments which the Bank intends to hold till maturity are classified as HTM securities.
Investments which are not classified in the above categories are classified as AFS securities.
4.3 Transfer of Securities between Categories:
The transfer/shifting of securities between categories of investments is accounted as per the RBI guidelines.
4.4 Acquisition Cost:

Cost including brokerage, commission pertaining to investments, paid at the time of acquisition, is charged
to the Profit and Loss Account.
Broken period interest is charged to the Profit and Loss Account.
Cost of investments is computed based on the weighted average cost method.

DCB Bank Limited
4.5 Valuation:
Held for Trading and Available for Sale categories:
Investments classified under HFT and AFS are marked to market as per the RBI guidelines. These securities
are valued scrip-wise and any resultant depreciation or appreciation is aggregated for each category. The
net depreciation for each category within each group is provided for, whereas the net appreciation for each
category is ignored. The book value of individual securities is not changed consequent to periodic valuation
of investments.
Traded investments are valued based on the trades / quotes from the recognised stock exchanges, prices
declared by Primary Dealers Association of India (‘PDAI’) jointly with Fixed Income Money Market and
Derivatives Association (‘FIMMDA’)/Financial Benchmark India Private Limited (‘FBIL’), periodically.
The market value of unquoted government securities which qualify for determining the Statutory Liquidity
Ratio (‘SLR’) included in the AFS and HFT categories is computed as per the Yield-to-Maturity (‘YTM’) rates
published by FIMMDA/FBIL.
The valuation of other unquoted fixed income securities (viz. State government securities, Other approved
securities, Bonds and debentures, Pass through Certificates) wherever linked to the YTM rates, is computed
with a mark-up (reflecting associated credit and liquidity risk) over the YTM rates for government securities
with similar maturity, published by FIMMDA/FBIL. Unquoted equity shares are valued at the break-up value,
if the latest Balance Sheet is available or at ` 1 as per the RBI guidelines. Units of mutual funds are valued at
the latest repurchase price / net asset value declared by the mutual fund. Treasury bills, commercial papers
and certificate of deposits, being discounted instruments, are valued at carrying cost.
Units of Alternate Investment Fund (‘AIF’) held under AFS category are marked to market based on the
NAV provided by AIF based on the latest audited financial statements. In case the audited financials are not
available for a period beyond 18 months, the investments are valued at ` 1 per AIF.
In the event provisions recognised on account of depreciation in the AFS or HFT categories are found to be
in excess of the required amount in any year, such excess is recognised in the Profit and Loss Account and
subsequently appropriated, from profit available for appropriation, if any, to Investment Reserve Account in
accordance with the RBI guidelines after adjusting for income tax and appropriation to Statutory Reserve.
Held to Maturity:
These are carried at their acquisition cost and are not marked to market. Any premium on acquisition is
amortised over the remaining maturity period of the security on a straight-line basis. Provision is recognised
for diminution other than temporary in the value of such investments for each investment individually.
Non-performing investments are identified and provision is recognised as per the RBI guidelines.
4.6 Security Receipts (SR):
Where sale of stressed asset results in a consideration lower than the value of the stressed assets net of
provisions carried there against, the shortfall is debited to Profit & Loss account. Where such sale results in
consideration higher than the value of the stressed assets net of provisions carried there against, the excess
is netted off against the cost of corresponding SRs to arrive at their Book Value.
SRs issued by Asset Reconstruction Companies (‘ARC’) are valued at Net Asset Value (‘NAV’) declared by
the ARC except in respect of stressed assets which are sold on or after Apr 1, 2018 and the Bank holds more
than 90% of SRs backed by its sold assets, the provision held against the Book Value of these SRs is higher
of provision required in terms of NAV declared by the ARC and provisioning applicable to the underlying
loans, assuming that the assets sold notionally continued in the books of the Bank.

4.7 Disposal of Investments:
Profit/Loss on sale of investment under the aforesaid three categories is recognised in the Profit and Loss
Account. The profit on sale of investment in HTM category, net of taxes and transfer to Statutory Reserve, is
appropriated to Capital Reserve.
4.8 Repo and reverse repo transactions:
Repo and reverse repo transactions are accounted for as secured borrowing/ lending transactions
respectively. Borrowing cost on repo transactions is treated as interest expense and income on reverse repo
transactions is treated as interest income.
4.9 Short Sale:
In accordance with the RBI guidelines, the Bank undertakes short sale transactions in Central Government
dated securities. The short positions are reflected in ‘Securities Short Sold (‘SSS’) A/c’, specifically created
for this purpose. Such short positions are categorised under HFT category and netted off from investments
in the Balance Sheet. These positions are marked-to-market along with the other securities under HFT
portfolio and the resultant mark-to-market gains/losses are accounted for as per the relevant RBI guidelines
for valuation of investments discussed earlier.
5. ADVANCES
5.1 In pursuance of guidelines issued by the RBI, advances are classified as Standard, Sub-Standard, Doubtful
and Loss Assets and are stated net of specific provisions made towards NPAs and floating provisions.
5.2 Advances are net of bills rediscounted, Inter-bank participation with risk, provisions for non-performing
advances, floating provisions, unrealised fees and unrealised interest held in suspense account.
5.3 Credit facility/investment are classified as performing and non-performing asset as per applicable RBI
guidelines.
5.4 In case of NPAs other than retail EMI loans, recoveries effected are first adjusted towards the interest amount.
In case of retail EMI loans, recoveries effected are adjusted towards the EMI and within the EMI first towards
the principal amount.
5.5 Provision for non-performing advances (‘NPAs’) comprising sub-standard, doubtful and loss assets is made in
accordance with the RBI guidelines which prescribe minimum provision levels and encourage banks to make
a higher provision based on sound commercial judgement. NPAs are identified by periodic appraisals of the
loan portfolio by the management. In respect of identified NPAs in Retail portfolio, provision is recognised on
the homogeneous retail loans and advances assessed at borrower level on the basis of ageing of loans in the
non-performing category and in respect of identified NPAs in other cases, provision is recognised account
by account. The provisioning done is at or higher than the minimum rate prescribed under the RBI guidelines.
The non-performing assets are written-off in accordance with the Bank’s policy.
5.6 In case of restructured/rescheduled assets, provision is made in accordance with the guidelines issued by
the RBI as applicable, which require the diminution in the fair value of the assets to be provided in the Profit
and Loss Account at the time of restructuring.
5.7 In addition to the above, the Bank, on a prudent basis, recognises provisions on advances or exposures
which are performing assets as per the IRAC norms, but has reasons to believe on the basis of the extant
environment impacting a specific exposure or any specific information, the possible deterioration of a specific
advance or a group of advances or exposures or potential exposures. These provisions are recognised as per
Board approved policy and are classified as Provision for Specific Standard Assets, included under Provision
for Standard Assets and reported under Other Liabilities. These provisions are not reversed to the Profit and
Loss Account but are transferred as provision on the same specific advance / exposure in case the asset
slips into non-performing asset, except in case of full repayment of the exposure when such provision will be
reversed and recognised in the Profit and Loss Account.

DCB Bank Limited
5.8 The Bank maintains general provision for Standard Assets, including credit exposures computed as per the
current marked to market values of foreign exchange forward contracts, at levels stipulated by the RBI from
time to time. These provisions on Standard Assets are included under Other Liabilities.
5.9 The Bank estimates the inherent risk of the unhedged foreign currency exposures of its borrowers as per
the regulatory guidelines stipulated by the RBI from time to time and recognises incremental provisions on
exposures to such entities as per methodology prescribed. These provisions are included in Provision for
Standard Assets and reported under Other Liabilities.
5.10 The RBI guidelines further permit banks to create floating provisions on Advances up to levels as per a
Board approved policy over and above the regulatory provisions required on standard assets. These floating
provisions are netted from Advances. These provisions are not reversed by credit to the Profit and Loss
Account without prior approvals of the Board and the RBI under specific circumstances.
5.11 The Bank enters into transactions for the sale or purchase of Priority Sector Lending Certificates (PSLCs).
In the case of a sale transaction, the Bank sells the fulfilment of priority sector obligation and in the case
of a purchase transaction the Bank buys the fulfilment of priority sector obligation through RBI trading
platform. There is no transfer of risks or loan assets. The fee received for the sale of PSLCs is recorded as
miscellaneous income and the fee paid for purchase of the PSLCs is recorded as other expenditure in Profit
and Loss Account.
6. FIXED ASSETS
Premises and other fixed assets are stated at historical cost (or revalued amounts, as the case may be), less
accumulated depreciation and impairment losses, if any. Cost comprises the purchase price and any attributable
cost of bringing the asset to its working condition for its intended use. Subsequent expenditure incurred on assets
put to use is capitalised only when it increases the future benefit / functioning capability from / of such assets.
Profit on sale of immovable properties are transfer to the Capital Reserves after adjusting for income tax and
appropriation to Statutory Reserve.
7. REVALUATION OF FIXED ASSETS
Portfolio of immovable properties is revalued periodically by an independent valuer to reflect current market
valuation. All land and building owned by the Bank and used as branches or offices are grouped under “Office
Premises” in the fixed assets category. Appreciation, if any, on revaluation is credited to Revaluation Reserve
under Capital Reserves. Additional Depreciation on the revalued asset is charged to the Profit and Loss Account
and appropriated from the Revaluation Reserves to Profit and Loss Account i.e. revenue reserves.
8. DEPRECIATION & AMORTISATION
Depreciation on fixed assets, including amortisation of software, is charged over the estimated useful life of the
fixed assets on a straight-line basis at the rates and in the manner prescribed in Schedule II of the Companies Act,
2013, except as mentioned below. The useful life of an asset is the period over which an asset is expected to be
available for use to the Bank.
 Computer: Desktop and Laptop – 3 years.
 Hardware and Servers - 5 years.
 Air conditioners – 9 years.
 Core Software for Bank Operations – 8 years.
 Application Software and System Development Expenditure – 3 years to 5 years.
 Improvements (Civil) to Leased Premises and Fixed Furniture in Leased Premises such as work-stations, etc.
– over the contracted period of the lease or 5 years (Previous Year: 3 years) whichever is less.
 Vehicles – 19% p.a. over 5 years with 5% residual value.
 Cash safe and Safe Deposit Vaults – 10 years.

Assets purchased/sold during the year are depreciated on a pro-rata basis, based on the actual number of
days the assets have been put to use.
9. IMPAIRMENT OF ASSETS
The carrying amount of assets is reviewed at each Balance Sheet date if there is any indication of impairment
based on internal/external factors. An impairment loss is recognised wherever the carrying amount of an asset
exceeds its recoverable amount. The recoverable amount is the greater of the asset’s net selling price and value in
use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax
discount rate that reflects current market assessments of the time value of money and risks specific to the asset.
After impairment, depreciation is provided on the revised carrying amount of the asset over remaining useful life.
10. RECOGNITION OF INCOME AND EXPENDITURE
10.1 Revenue is recognised to the extent that it is probable that the economic benefit will flow to the Bank and
the revenue can be reliably measured.
10.2 Items of income and expenditure are accounted on accrual basis.
10.3 Interest income is recognised in the Profit and Loss Account on accrual basis as per Accounting Standard,
except in the case of non-performing assets where it is recognised on receipt basis as per the RBI norms.
10.4 Interest income on investments in Pass Through Certificates (PTC) is recognised at the coupon rate.
10.5 Interest income on loans bought out through the direct assignment route is recognised at the effective
interest rate i.e. after amortising premium, if any, on the bought out portfolio as per Guidelines on Securitised
Transactions issued by the RBI.
10.6 Processing fees on loans are recognised as income on accrual basis, however processing overheads on loans
are expensed at the inception of the loan.
10.7 Overdue rent on safe deposit lockers is accounted for when there is certainty of receipts.
10.8 Guarantee commission, annual safe deposit locker rent fees are recognised on a straight-line basis over the
period of contract. Letters of credit (‘LC’) are generally issued for a shorter tenor, typically of 90 days. The
commission on such LC is recognised when due.
10.9 Dividend income is recognised as income when the right to receive dividend is established.
11. FOREIGN CURRENCY TRANSACTIONS
11.1 Initial recognition:
Foreign currency transactions are recorded in the reporting currency by applying to the foreign currency
amount the exchange rate between the reporting currency and foreign currency on the date of the
transaction.
11.2 Conversion:
Foreign currency monetary items are reported using the closing rate notified by Foreign Exchange Dealers’
Association of India (‘FEDAI’) at the Balance Sheet date and the resulting profit or loss is recognised in the
Profit and Loss Account, as per the guidelines issued by the RBI.

DCB Bank Limited
11.3 Exchange differences:
Exchange difference arising on settlement of monetary items is recognised as income or as expense in the
year in which it arises. Non-monetary items which are carried in terms of historical cost denominated in a
foreign currency are reported using the exchange rate at the date of the transaction and non-monetary items
which are carried at fair value or other similar valuations denominated in a foreign currency are reported
using the exchange rates that existed when the values were determined.
Foreign exchange forward contracts not intended for trading that are entered into to establish the amount
of reporting currency required or available at the settlement date of transactions, which are outstanding at
the Balance Sheet date are effectively valued at the closing spot rate. The premium or discount arising at
the inception of such a forward exchange contract is amortised as expense or income over the life of the
contract.
11.4 Outstanding forward exchange contracts are revalued at the Balance Sheet date at the rates notified by
FEDAI and at interpolated rates for contracts of interim maturities. The resultant gain/loss on revaluation is
recognised in the Profit and Loss Account in accordance with the RBI/FEDAI guidelines.
11.5 Contingent liabilities denominated in foreign currencies are disclosed in the Balance Sheet at the rates
notified by FEDAI as at the Balance Sheet date.
11.6 Forward exchange contracts and other derivative contracts which have overdue receivables remaining
unpaid over 90 days or more are classified as non-performing assets and provided for as per the extant
master circular on Prudential Norms on Income Recognition, Asset Classification and Provisioning issued by
the RBI.
12. DERIVATIVE TRANSACTIONS
Valuation of Exchange Traded Interest Rate Futures is carried out on the basis of the daily settlement price of
each contract provided by the exchange. Changes in the fair value of the Exchange Traded Interest Rate Futures
are recognised in the Profit and Loss Account.
13. EMPLOYEE BENEFITS
13.1 Defined Benefit Plan
Provision in respect of future liability for payment of gratuity is made on the basis of actuarial valuation on
projected unit credit method made at the end of the year. Gratuity is funded with the Gratuity Trust duly
registered under the provisions of Income tax Act, 1961. Actuarial gains/losses are recognised immediately
in the Profit and Loss Account and are not deferred.
13.2 Defined Contribution Scheme
Retirement benefits in the form of provident fund and national pension scheme is a defined contribution
scheme and the contributions are charged to the Profit and Loss Account of the year when the contributions
to the fund are due. There is no other obligation other than the contribution payable to the fund.
14. TAXES ON INCOME
14.1 Tax expense comprises current and deferred taxes. Current income tax is measured at the amount expected
to be paid to the tax authorities in accordance with the Income Tax Act, 1961. Deferred Income Tax reflects
the impact of current year timing differences between the taxable income and the accounting income for
the year and reversal of timing differences of earlier years.
14.2 Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the
Balance Sheet date. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right
exists to set off current tax assets against current tax liabilities and the deferred tax assets and deferred tax

liabilities relate to taxes levied by same governing taxation laws. Deferred tax assets are recognised only to
the extent that there is reasonable certainty that sufficient future taxable income will be available against
which such deferred tax assets can be realised. In situations where the Bank has unabsorbed depreciation
or carry forward tax losses, all deferred tax assets are recognised only if there is virtual certainty supported
by convincing evidence that they can be realised against future taxable profits.
14.3 At each Balance Sheet date, the Bank re-assesses unrecognised deferred tax assets and recognises deferred
tax asset to the extent that it has become reasonably certain or virtually certain, as the case may be, that
sufficient future taxable income will be available against which such deferred tax assets can be realised.
15. ACCOUNTING FOR PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
Provisions are recognised when there is a present legal or statutory obligation as a result of past events leading
to probable outflow of resources, where a reliable estimate can be made of the amount required to settle the
obligation.
Contingent Liabilities are recognised only when there is a possible obligation arising from past events due to
occurrence or non-occurrence of one or more uncertain future events, not wholly within the control of the Bank,
or where there is a present obligation arising from a past event which is not recognised as it is not probable
that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount of the
obligation cannot be made. When there is a possible obligation or a present obligation in respect of which the
likelihood of outflow of resources is remote, no provision or disclosure is made.
Contingent assets are neither recognised nor disclosed in the financial statements.
16. EMPLOYEE SHARE BASED PAYMENTS
Measurement and disclosure of employee share-based employment plans is done in accordance with the
Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 / Guidance Note on
Accounting for the Employee Share-based Payments issued by The Institute of Chartered Accountants (‘ICAI’)
of India. The Bank measures compensation cost relating to employee stock options using the fair value method.
Deferred compensation expense is amortised over the vesting period of the option.
17. EARNINGS PER SHARE
Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity
shareholders (after deducting attributable taxes) by the weighted average number of equity shares outstanding
during the year.
For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity
shareholders and the weighted average number of shares outstanding during the year are adjusted for the effect
of dilutive potential equity shares.
18. SHARE ISSUE EXPENSES
Share issue expenses are adjusted from Securities Premium Account in terms of Section 52 of the Companies
Act, 2013.
19. CASH AND CASH EQUIVALENTS
Cash and cash equivalents include cash in hand and ATMs, balances with the Reserve Bank of India, balances with
other banks and money at call and short notice (including effect of changes in exchange rates on cash and cash
equivalents in foreign currency).

DCB Bank Limited
20. LEASES
Leases where the Lessor effectively retains substantially all risks and benefits of ownership of the leased item
are classified as operating leases. Operating lease payments are recognised as an expense in the Profit and Loss
Account on a straight-line basis over the lease term.
21. SEGMENT REPORTING
As per the RBI guidelines on Segment Reporting, the Bank has classified its activity into Treasury Operations,
Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.
Treasury Operations includes all financial markets activities undertaken on behalf of the Bank’s customers,
proprietary trading, maintenance of reserve requirements and resource mobilisation from other banks and
financial institutions.
Wholesale Banking includes lending, deposit taking and other services offered to corporate customers.
Retail Banking includes lending, deposit taking and other services offered to retail customers.
Other Banking Operations includes para banking activities like third party product distribution, merchant
banking, etc.

SCHEDULE 18 - NOTES TO ACCOUNTS
1 REGULATORY CAPITAL
1.1 Composition of Regulatory Capital

(` in crore)
Particulars As per Basel III framework
As at As at
March 31, 2022 March 31, 2021
i Common Equity Tier 1 capital (CET 1) 3,850.45 3,590.54
ii Additional Tier 1 capital - -
iii Tier 1 Capital (i + ii) 3,850.45 3,590.54
iv Tier 2 Capital 749.16 968.66
v Total Capital (Tier 1+Tier 2) 4,599.61 4,559.20
vi Total Risk Weighted Assets (RWAs) 24,312.82 23,183.93
vii CET 1 Ratio (%) 15.84% 15.49%
viii Tier 1 Ratio (%) 15.84% 15.49%
ix Tier 2 Ratio (%) 3.08% 4.18%
x Capital to Risk Weighted Assets Ratio (CRAR) (%) 18.92% 19.67%
xi Leverage Ratio (%) 8.18% 8.62%
xii Percentage of shareholding of Government of India - -
xiii Amount of paid-up equity capital raised-
Share Capital: 0.44 0.12
Securities Premium: 1.93 0.55
xiv Amount of non-equity Tier 1 capital raised - -
xv Amount of Tier 2 capital raised - -
1.2 Draw down from Reserves
The Bank has not undertaken any draw down of reserves during the financial year 2021-22.
During the financial year 2020-21, the Bank has drawn down ` 1.82 crore from Investment Reserve Account
towards depreciation on investment in AFS and HFT categories in terms of RBI guidelines.
2 SUB-ORDINATED DEBT THROUGH PRIVATE PLACEMENT OF BONDS

During the year, the Bank has exercised the call option and redeemed subordinated debt of ` 236.60 crore, the
details of which are set out below:
(` in crore)
Deemed Date of Allotment Coupon Rate (% p.a.) Tenure (in months) Amount
March 31, 2016 10.25 121 86.60
November 18, 2016 9.85 120 150.00
The details of total outstanding subordinated debt are given below:

(` in crore)
Deemed Date of Coupon Rate Tenure Equivalent Amount Equivalent Amount
Allotment (% p.a.) (in months) as on March 31, 2022 as on March 31, 2021
March 31, 2016 10.25 121 - 86.60
November 18, 2016 9.85 120 - 150.00
November 17, 2017 9.85 120 300.00 300.00
January 12, 2018 9.85 120 150.00 150.00
450.00 686.60

3 INVESTMENTS
3.1 Composition of Investment Portfolio as at March 31, 2022

(` in crore)
Investments in India Investments outside India Total
Invest-
Govern- Other Shares Debentures Subsidiaries Others* Total in- Govern- Subsidiaries Others Total In- ments
ment Approved and Bonds and/or joint vestments ment securi- and/or joint vestments
DCB Bank Limited
Securi- Securities ventures in India ties (includ- ventures outside

ties ing local India
authorities)

Held to Maturity
Gross 7,496.10 - - 100.00 - - 7,596.10 - - - - 7,596.10
Less: Provision for - - - - - - - - - - - -

non-performing
investments (NPI)
Net - - 100.00 - - 7,596.10 - - - - 7,596.10

7,496.10
Available for Sale
Gross 127.93 - 22.60 25.02 - 1,342.38 1,517.93 - - - - 1,517.93
Less: Provision for 0.03 - - 0.34 - 15.43 15.80 - - - - 15.80

depreciation and NPI
Net 127.90 - 22.60 24.68 - 1,326.95 1,502.13 - - - - 1,502.13
Held for Trading
Gross - - - - - - - - - - - -

Net - - - - - - - - - - - -
Total Investments
Gross 7,624.03 - 22.60 125.02 - 1,342.38 9,114.03 - - - - 9,114.03
Less: Provision for non- - - - - - - - - - - - -

performing investments
Less: Provision for 0.03 - - 0.34 - 15.43 15.80 - - - - 15.80

depreciation
Net 7,624.00 - 22.60 124.68 - 1,326.95 9,098.23 - - - - 9,098.23
*Includes Certificate Of Deposits, Units of Mutual funds, Pass Through Certificates & Security Receipts
Composition of Investment Portfolio as at March 31, 2021
(` in crore)
Investments in India Investments outside India Total
Invest-
Govern- Other Shares Debentures Subsidiaries Others* Total in- Govern- Subsidiaries Others Total In- ments
ment Approved and Bonds and/or joint vestments ment securi- and/or joint vestments
Securi- Securities ventures in India ties (includ- ventures outside
ties ing local India
authorities)
Held to Maturity
Gross - - 100.00 - - 6,688.54 - - - - 6,688.54

6,588.54

(NPI)
Net 6,588.54 - - 100.00 - - 6,688.54 - - - - 6,688.54
Available for Sale
Gross 148.50 - 26.68 30.13 - 1,487.61 1,692.92 - - - - 1,692.92
Less: Provision for - - 4.25 0.54 - 13.90 18.69 - - - - 18.69

Net 148.50 - 22.43 29.59 - 1,473.71 1,674.23 - - - - 1,674.23
Held for Trading
Gross - - 1.33 - - 49.59 50.92 - - - - 50.92

Net - - 1.33 - - 49.59 50.92 - - - - 50.92
Total Investments
Gross 6,737.04 - 28.01 130.13 - 1,537.20 8,432.38 - - - - 8,432.38

Less: Provision for - - 4.25 0.54 - 13.90 18.69 - - - - 18.69

depreciation
Net 6,737.04 - 23.76 129.59 - 1,523.30 8,413.69 - - - - 8,413.69

*Includes Certificate Of Deposits, Units of Mutual funds, Pass Through Certificates & Security Receipts

DCB Bank Limited
3.2 Movement of Provisions for Depreciation and Investment Fluctuation Reserve

(` in crore)
Partculars March 31, 2022 March 31, 2021
(i) Movement of provisions held towards depreciation on investments
(a) Opening balance 18.69 10.85
(b) Add: Provisions made during the year 12.14 14.93
(c) Less: Write-off/ write-back of excess provisions during the year 15.03 7.09
(d) Closing balance 15.80 18.69
(ii) Movement of Investment Fluctuation Reserve (IFR)
(a) Opening balance 38.64 38.64
(b) Add: Amount transferred during the year - -
(c) Less: Drawdown - -
(d) Closing balance 38.64 38.64
(iii) Closing balance in IFR as a percentage of closing balance of 2.55% 2.22%
investment in AFS and HFT category
3.3 Sale and Transfers to / from HTM Category
During the years ended March 31, 2022 and March 31, 2021, the Bank has not sold and transferred securities to or
from HTM category exceeding 5% of the book value of investment held in HTM category at the beginning of the
year. The 5% threshold referred to above does not include one-time transfer of securities to/from HTM category
with the approval of Board of Directors permitted to be undertaken by banks as per the extant RBI guidelines,
sale of securities to the RBI under liquidity management operations of RBI like Open Market Operations (OMO)
and the Government Securities Acquisition Programme (GSAP) and sale of securities or transfer to AFS / HFT
consequent to the reduction of ceiling on SLR securities under HTM.
3.4 Non-SLR investment portfolio
(a) Non-performing non-SLR Investments

(` in crore)
Partculars March 31, 2022 March 31, 2021
Opening Balance - -
Reductions during the year - -
Closing Balance - -
Total provisions held - -

(b) Issuer composition of non-SLR investments
Balances as at March 31, 2022

(` in crore)
Sr. Issuer Amount Extent of Extent of ‘Below Extent of Extent of
No. Private Investment ‘Unrated’ ‘Unlisted’
Placement*# Grade’ Securities# Securities*#
Securities#
1. PSUs - - - - -
2. FIs 138.72 113.70 - 3.70 23.70
3. Banks 49.62 - - - -
4. Private Corporates 12.00 12.00 - 10.00 12.00
5. Subsidiaries/ Joint Ventures - - - - -
6. Others** 1,289.66 - - - -
7. Provision held towards (15.77) - - - -
Depreciation
Total 1,474.23 125.70 - 13.70 35.70
*excludes investment in pass through certificates and security receipts.
**includes investments in pass through certificates and security receipts.
# Amounts reported under these columns above are not mutually exclusive.
Balances as at March 31, 2021

(` in crore)
Sr. Issuer Amount Extent of Extent of ‘Below Extent of Extent of
No. Private Investment ‘Unrated’ ‘Unlisted’
Placement*# Grade’ Securities# Securities*#
Securities#
1. PSUs - - - - -
2. FIs 142.28 112.15 - 2.15 22.15
3. Banks 49.60 - - - -
4. Private Corporates 18.01 16.68 - - 8.85
5. Subsidiaries/ Joint Ventures - - - - -
6. Others** 1,485.45 - - - -
7. Provision held towards (18.69) - - - -
Depreciation
Total 1,676.65 128.83 - 2.15 31.00
*excludes investment in pass through certificates and security receipts.
**includes investments in pass through certificates and security receipts.
# Amounts reported under these columns above are not mutually exclusive.

DCB Bank Limited
3.5 Repo Transactions

Financial Year 2021-22
(` in crore)
Minimum Maximum Daily Average Balance as at
outstanding outstanding outstanding March 31, 2022
during the year during the year during the year
Securities Sold under Repos * 100.00 247.85 103.02 100.00
(i) Government Securities 100.00 247.85 103.02 100.00
(ii) Corporate debt Securities - - - -
(iii) Any other Securities - - - -
Securities purchased under Reverse Repos * 397.00 2,609.35 1,489.38 1,616.35
(i) Government Securities 397.00 2,609.35 1,489.38 1,616.35
* including securities sold and purchased under LAF and TREPS.
** amounts reported are based on lending/borrowing amount.
Financial Year 2020-21 (` in crore)

Minimum Maximum Daily Average Balance as at
outstanding outstanding outstanding March 31, 2021
during the year during the year during the year
Securities Sold under Repos * 41.00 240.00 115.32 100.00
(i) Government Securities 41.00 240.00 115.32 100.00
Securities purchased under Reverse Repos * 241.03 2,355.00 1,446.41 1,349.97
(i) Government Securities 241.03 2,355.00 1,446.41 1,349.97
* including securities sold and purchased under LAF and TREPS.
** amounts reported are based on lending/borrowing amount.
4 DERIVATIVES
4.1 Forward Rate Agreements / Interest Rate Swaps

(` in crore)
Particulars March 31, 2022 March 31, 2021

i. The notional principal of swap agreements NIL NIL
ii. Losses which would be incurred if counterparties failed to fulfill NIL NIL
their obligations under the agreements
iii. Collateral required by the bank upon entering into swaps NIL NIL
iv. Concentration of credit risk arising from the swaps NIL NIL
v. The fair value of the swap book NIL NIL

4.2 Exchange Traded Interest Rate Derivatives

(` in crore)
Sr. Particulars March 31, 2022 March 31, 2021

No.
i. Notional principal amount of exchange traded interest rate
derivatives undertaken during the year (instrument-wise)
a) 6.10 G-Sec 2031 817.61 -
b) 5.85 G-Sec 2030 297.04 -
c) 6.64 G-Sec 2035 73.72 -
d) 5.77 G-Sec 2030 - 279.17
e) 7.65 G-Sec 2029 - 41.17
ii. Notional principal amount of exchange traded interest rate NIL NIL
derivatives outstanding (instrument-wise)
iii. Notional principal amount of exchange traded interest rate NIL NIL
derivatives outstanding and not “highly effective” (instrument-wise)
iv. Mark-to-market value of exchange traded interest rate derivatives NIL NIL
outstanding and not “highly effective” (instrument-wise)
4.3 Disclosures on risk exposure in derivatives:
a) Qualitative Disclosures
Management of Risk in Derivatives Trading
The Bank’s market risk unit plays a key role in setting up of the limits and laying down of the risk assessment
and monitoring methods. The policies of the Bank include setting limits upon the notional principal value of
product specific gaps, maximum tenor, overall outstanding and the setting-up of counter party-wise, tenor-
wise limits.
All limits are monitored on a daily basis by the Bank’s Treasury Back Office and Mid Office. Exposure reports
are submitted to the Treasurer as well as the CRO and any limit excesses are brought to the notice of the
management immediately for further action.
Policies for Hedging Risk
All transactions undertaken by the Bank for trading purposes are classified under the Trading Book. All other
transactions are classified as a part of the Banking Book. The Banking Book includes transactions concluded
for the purpose of providing structures to customers on a back-to-back basis. It also consists of transactions
in the nature of hedges based on identification of supporting trades, with appropriate linkages done for
matching amounts and tenor within the approved tolerance limits.
The accounting for all derivative trades is done for the notional amount on the trade date. The valuation
of all outstanding trades is done category wise. The valuation for outstanding trades under the Trading
portfolio is done on a daily basis and the net marked to market (‘MTM’) is accounted in the Profit and Loss
Account. The valuation for outstanding trades under the hedged portfolio is done on a monthly basis and
the residual MTM, if any, is accounted in the Profit and Loss Account on a monthly basis. Valuation of the
outstanding hedged Forex Options is done on a monthly basis and the net MTM is zero as all customer
trades are hedged on identical basis with counter party banks.
The MTM position on all outstanding trades of individual corporate customers is reported on a monthly basis
to Credit Risk department for exposure monitoring.

DCB Bank Limited
Provisioning
The Bank conforms to the RBI guidelines with regard to provisioning requirements. Overdue receivables
representing crystallised positive mark-to-market value of a derivative contract are treated as non-
performing assets, if these remain unpaid for 90 days or more. Full provision is made for the entire amount
of overdue and future receivables relating to positive marked to market value of non-performing derivative
contracts.
b) Quantitative Disclosures
(` in crore)
Sr. Particulars Currency Interest Rate Currency Interest Rate
No Derivatives Derivatives Derivatives Derivatives
March 31, 2022 March 31, 2022 March 31, 2021 March 31, 2021
1. Derivatives (notional
Principal Amount)
(a) For hedging NIL NIL NIL NIL
(b) For trading NIL NIL NIL NIL
2. Marked to Market position
(a) Asset (+) NIL NIL NIL NIL
(b) Liability (-) NIL NIL NIL NIL
3. Credit Exposure NIL NIL NIL NIL
4. Likely impact of one
percentage change in
Interest Rate (100*PV01)
(a) On hedging derivatives NIL NIL NIL NIL
(b) On trading derivatives NIL NIL NIL NIL
5. Maximum and Minimum of
100*PV01 observed during
the year
(a) On hedging
Maximum NIL NIL NIL NIL
Minimum NIL NIL NIL NIL
(b) On trading
Maximum NIL 0.12 NIL 0.07
Minimum NIL 0.00 NIL 0.01
Notes:
1 Foreign exchange forward contracts have not been included in the above disclosure.
2 The notional principal amount of forward exchange contracts classified as Hedging and Trading
amounted to ` 1,778.27 crore (Previous year: ` 2,944.87 crore).
4.4 Credit Default Swaps
The Bank has not transacted in credit default swaps during the year ended March 31, 2022 (Previous year: NIL).

5 ASSET QUALITY
5.1 Classification of advances and provisions held as of March 31, 2022

(` in crore)
Standard Non-Performing Total
Total Sub- Doubtful Loss Total Non-
Standard standard Performing
Advances Advances
Gross Standard Advances and NPAs
Opening Balance 25,167.27 661.23 422.01 0.20 1,083.44 26,250.71
Add: Additions during the year1 1,771.91
Less: Reductions during the year* 1,565.42
Closing balance 28,561.42 671.23 615.28 3.42 1,289.93 29,851.35
*Reductions in Gross NPAs due to: 1,565.42
i) Upgradation 946.05
ii) Recoveries (excluding recoveries from upgraded 530.92
accounts)2,3
iii) Technical/ Prudential Write-offs 50.40
iv) Write-offs other than those under (iii) above 38.05
Provisions (excluding Floating Provisions)

Opening balance of provisions held 370.86 148.60 231.69 0.20 380.49 751.35
Add: Fresh provisions made during the year 606.14
Less: Excess provision reversed/ Write-off loans 391.65
Closing balance of provisions held 469.53 196.53 395.03 3.42 594.98 1,064.51
Net NPAs
Opening Balance 403.83 190.32 0.00 594.15
Add: Fresh additions during the year4 1,152.84
Less: Reductions during the year 1,173.76
Closing Balance 352.98 220.25 0.00 573.23
Floating Provisions
Opening Balance 108.80
Add: Additional provisions made during the year 12.92
Less: Amount drawn down during the year 0.00
Closing balance of floating provisions 121.72
Technical write-offs and the recoveries made

thereon
Opening balance of Technical/ Prudential written-off 494.65
accounts
Add: Technical/ Prudential write-offs during the year 50.40
Less: Recoveries/Sacrifice made from previously 52.59
technical/ prudential written-off accounts
during the year5
Closing balance 492.46
1. Includes fresh NPAs during the year.

2. Includes recoveries of ` 38.77 crore from NPAs sold to asset reconstruction company.
3. Includes recoveries in upgraded accounts of ` 32.30 crore.
4. Includes addition to NPAs net off provisions on such NPAs and additional provision on existing NPAs.
5. Includes ` 41.78 crore pertaining to accounts sold to asset reconstruction company.

DCB Bank Limited
Classification of advances and provisions held as of March 31, 2021

(` in crore)
Standard Non-Performing Total
Total Sub- Doubtful Loss Total Non-
Standard standard Performing
Advances Advances
Gross Standard Advances and NPAs
Opening Balance 25,058.07 384.74 239.74 7.03 631.51 25,689.58
Add: Additions during the year1 686.16
Less: Reductions during the year* 234.23
Closing balance 25,167.27 661.23 422.01 0.20 1,083.44 26,250.71
*Reductions in Gross NPAs due to: 234.23
i) Upgradation 33.17
ii) Recoveries (excluding recoveries from upgraded 74.74
accounts)2
iii) Technical/ Prudential Write-offs 125.40
iv) Write-offs other than those under (iii) above 0.92
Provisions (excluding Floating Provisions)

Opening balance of provisions held 193.08 108.26 126.39 7.03 241.68 434.76
Add: Fresh provisions made during the year 306.33
Less: Excess provision reversed/ Write-off loans 167.52
Closing balance of provisions held 370.86 148.60 231.69 0.20 380.49 751.35
Net NPAs
Opening Balance 180.16 113.35 0.00 293.51
Add: Fresh additions during the year3 367.35
Less: Reductions during the year 66.71
Closing Balance 403.83 190.32 0.00 594.15
Floating Provisions
Opening Balance 96.32
Add: Additional provisions made during the year 12.48
Less: Amount drawn down during the year 0.00
Closing balance of floating provisions 108.80
Technical write-offs and the recoveries made thereon

Opening balance of Technical/ Prudential written-off 374.18
accounts
Add: Technical/ Prudential write-offs during the year 125.40
Less: Recoveries/Sacrifice made from previously 4.93
technical/ prudential written-off accounts
during the year
Closing balance 494.65
1. Includes fresh NPAs during the year.

2. Includes recoveries in upgraded accounts of ` 2.56 crore.
3. Includes addition to NPAs net off provisions on such NPAs and additional provision on existing NPAs.
Assets quality Ratios

Gross NPA to Gross Advances (%) 4.32% 4.13%
Net NPA to Net Advances (%) 1.97% 2.31%
Provision Coverage Ratio (%) 67.84% 62.35%

5.2 Divergence in the asset classification and provisioning
There was no divergence observed by the RBI for the FY 2019-20 and Bank is not in receipt of any communication
from RBI in this regard for FY 2020-2021.
5.3 Sector-wise Advances and Gross NPAs

(` in crore)
Sr. Sector March 31, 2022
No. Outstanding Gross Percentage of Gross
Total NPAs NPAs to Total Advances
Advances in that sector
A Priority Sector
1 Agriculture and allied activities 3,308.52 189.32 5.72%
2 Industry of which- 2,178.75 40.27 1.85%
Constructions 754.65 9.58 1.27%
Textiles 344.52 9.93 2.88%
3 Services of which- 5,660.67 211.91 3.74%
Retail Trade 2,097.42 35.51 1.69%
Wholesale Trade 1,124.14 28.65 2.55%
Transport Operators 1,038.31 110.09 10.60%
4 Personal loans of which- 3,345.89 99.75 2.98%
Housing Loans 3,322.20 98.58 2.97%
Sub-total (A) (1+2+3+4) 14,493.83 541.25 3.73%
B Non Priority Sector

1 Agriculture and allied activities 518.24 12.04 2.32%
Textiles 213.26 8.31 3.90%
Food Processing 207.64 18.42 8.87%
Retail Trade 2,362.68 149.07 6.31%
NBFC 1,556.71 3.13 0.20%
4 Personal loans 6,758.19 201.25 2.98%
Housing Loans 3,991.29 71.28 1.79%
Gold Loans 1,886.13 85.64 4.54%
Sub-total (B) (1+2+3+4) 15,357.52 748.68 4.88%
Total (A+B) 29,851.35 1,289.93 4.32%

DCB Bank Limited

(` in crore)
Sr. Sector March 31, 2021
No. Outstanding Gross Percentage of Gross
Total NPAs NPAs to Total Advances
Advances in that sector
A Priority Sector
1 Agriculture and allied activities 2,860.43 132.85 4.64%
Textiles 619.45 17.62 2.85%
Retail Trade 2,646.99 129.29 4.88%
Transport Operators 1,740.95 162.11 9.31%
Wholesale Trade 1,720.34 88.53 5.15%
4 Personal loans of which- 2,710.48 69.91 2.58%
Housing Loans 2,660.23 68.40 2.57%
Sub-total (A) (1+2+3+4) 15,693.90 747.46 4.76%
B Non Priority Sector

1 Agriculture and allied activities 123.55 3.64 2.94%
All Engineering 196.27 1.00 0.51%
Food Processing 148.74 1.66 1.11%
Retail Trade 1,260.09 27.04 2.15%
NBFC 1,110.26 4.30 0.39%
Professional Services 560.58 9.73 1.74%
4 Personal loans 4,487.14 152.87 3.41%
Housing Loans 2,730.13 88.97 3.26%
Gold Loans 759.94 35.00 4.61%
Sub-total (B) (1+2+3+4) 10,556.81 335.98 3.18%
Total (A+B) 26,250.71 1,083.44 4.13%
Classification into sectors as above has been done based on the Bank’s internal norms which have been relied upon by the
auditors.

5.4 RESTRUCTURED ACCOUNTS
Details of restructured accounts are given in the table below:
(` in crore)
Agriculture and allied Corporates (excluding Micro, Small and Retail (excluding Total
activities MSME) Medium Enterprises agriculture and MSME)
(MSME)
March 31, March 31, March 31, March 31, March 31, March 31, March 31, March 31, March 31, March 31,
2022 2021 2022 2021 2022 2021 2022 2021 2022 2021
Standard Number of borrowers 51 12 5 4 3,916 2,696 4,440 2,155 8,412 4,867
Gross Amount1 2.68 0.48 50.60 42.24 1,144.96 650.79 853.05 399.52 2,051.29 1,093.03
Provision held 0.19 0.06 18.61 15.15 168.94 81.44 99.32 42.74 287.06 139.39
Sub-standard Number of borrowers 2 - - - 785 387 63 29 850 416
Gross Amount 0.28 - - - 128.52 105.66 12.71 12.06 141.51 117.72
Provision held 0.04 - - - 40.06 28.23 2.32 2.58 42.42 30.81
Doubtful Number of borrowers 3 5 - - 288 1 384 510 675 516
Gross Amount 1.44 1.50 - - 72.49 0.45 57.58 78.33 131.51 80.28
Provision held 0.91 0.80 - - 49.39 0.29 44.22 46.25 94.52 47.34
Total Number of borrowers 56 17 5 4 4,989 3,084 4,887 2,694 9,937 5,799
Gross Amount 4.40 1.98 50.60 42.24 1,345.97 756.90 923.34 489.91 2,324.31 1,291.03
Provision held 1.14 0.86 18.61 15.15 258.39 109.96 145.86 91.57 424.00 217.54
1. Excludes Interest accrued but not due of ` 104.31 crore (previous year: ` 14.32 crore).
Classification into sectors as above has been done on the Bank’s internal norms which have been relied upon by auditors.

DCB Bank Limited
5.5 Disclosures on the scheme for MSME sector – restructuring of advances
(` in crore)
1. Total number of accounts restructured at the end of year* 3,916 2,696
2. Amount outstanding 1,144.96 650.79
*represents number of borrowers.
5.6 Disclosures on implementation of resolution plan as required under RBI circular dated
June 7, 2019 on Prudential Framework for Resolution of Stressed Assets
(` in crore)
Particulars Resolution Plan Resolution Plan
implemented not implemented
No. of borrower where timeline for implementation of resolution - 2
plan was before 31st March 2022
Fund based outstanding as on 31st March 2022 - 33.23
Additional provision held as per RBI circular of June 7, 2019 - 11.63
(` in crore)
Particulars Resolution Plan Resolution Plan
implemented not implemented
No. of borrower where timeline for implementation of resolution - 2
plan was before 31st March 2021
Fund based outstanding as on 31st March 2021 - 30.54
Additional provision held as per RBI circular of June 7, 2019 - 6.63
5.7 Disclosures on COVID 19 regulatory package – review of resolution timelines under the prudential
framework on resolution of stressed assets RBI circular DOR.No.BP.BC.62/21.04.048/2019-20
dated April 17, 2020
(` in crore)
Particulars March 31, 2021
No. of accounts in which resolution period was extended 1
Fund based outstanding 27.09

5.8 Disclosures on COVID 19 regulatory package – assets classification and provisioning as per RBI circular DOR.
No.BP.BC.63/21.04.048/2019-20 dated April 17, 2020
(` in crore)
1. Amounts in SMA/overdue categories, where the moratorium/ NA 1,908.08
deferment was ex-tended (As at March 31, 2020)
2. Amount where asset classification benefits is extended NA -
3. Provision made in terms of paragraph 5 of the circular NA 68.00
4. Provisions adjusted against slippages during the year NA 68.00
5. Residual provision held NA -
5.9 India is steadily coming out of disruptions caused by Covid-19 pandemic. The extent to which any new wave of
Covid-19 will impact the Bank’s operations is dependent on future developments.
Under the circumstances, as at March 31, 2022, on a prudent basis, the Bank holds a contingency provision of
` 70.41 crore towards possible impact of Covid-19 on standard restructured and stressed assets. As on
March 31, 2022, in addition to the above, the Bank holds Floating Provision amounting to ` 121.72 crore, besides
provisions for Standard Assets and specific Non-Performing Assets.
5.10 Disclosures on Resolution Framework for COVID 19 related Stress as per RBI circular DOR.No.BP.
BC.3/21.04.048/2020-21 dated August 06, 2020 (Resolution Framework 1.0) and RBI circular DOR.STR.
REC.11/21.04.048/2021-22 dated May 05, 2021 (Resolution Framework 2.0)
(` in crore)
Type of borrower Exposure to accounts Of (A), Of (A) Of (A) Exposure
classified as Standard aggregate amount amount to accounts
consequent to debt that written paid classified
slipped off by the as Standard
implementation of
into NPA during borrowers consequent to
resolution plan – during the the during the implementation of
Position as at the end half-year half- half-year resolution plan –
of the previous ended year Position as at the
half-year1,2 (i.e. March 31, end of this
September 30, 2021) 2022 half-year3 (i.e.
(A) March 31, 2022)
Personal Loans 574.39 2.43 - 17.89 556.51

Corporate persons 52.10 - - 15.84 36.38
Of which, MSMEs 15.28 - - 6.42 8.90
Others 190.27 0.91 - 3.84 186.76
Total 816.76 3.34 - 37.57 779.65
1. Includes cases where resolution plan implemented after September 30, 2021.
2. Represents fund based outstanding as of September 30, 2021.
3. Represents fund based outstanding as of March 31, 2022.

DCB Bank Limited
(` in crore)
Type of borrower (A) (B) (C) (D) (E)
Number of exposure Of (B), Additional Increase in
accounts to accounts aggregate funding provisions on
mentioned amount sanctioned, if account of the
where
at (A) before of debt any, including implementation
resolution implementation that was between of the
plan has been of the plan converted invocation of resolution plan
implemented into other the plan and
under this securities implementation
window
Personal Loans 2,147 397.06 - - 39.71
Corporate persons 1 25.75 - - 2.58
Of which, MSMEs 1 25.75 - - 2.58
Others - - - - -
Total 2,148 422.81 - - 42.29
5.11 Number of Frauds reported, amount involved in such frauds, quantum of provisions made during the year and
quantum of unamortized provision debited from ‘other reserves’ as at the end of the year
(` in crore)
Particulars As at As at
March 31, 2022 March 31, 2021
(a) Number of frauds reported during the year 54 92
(b) Amount involved in fraud 3.53 14.44
(c) Amount involved in fraud net of recoveries/ write-offs as at the end 3.35 1.05
of the year
(d) Provisions made during the year 3.35 0.70
(e) Quantum of unamortised provision debited from ‘other reserves’ at NIL NIL
the end of the year
5.12 Details of financial assets (including written off accounts) sold to Securitisation / Reconstruction Company for
Asset Reconstruction
The Bank has sold certain assets to an asset reconstruction company (ARC) in terms of the guidelines issued by
the RBI. The details of the assets sold are given in the table below:
(` in crore)
March 31, 2022 March 31, 2021
(a) No. of accounts 43 NIL
(b) Aggregate value (net of provisions) of accounts sold to SC/RC 43.99 NIL
(c) Aggregate consideration 38.77 NIL
(d) Additional consideration realised in respect of accounts transferred NIL NIL
in earlier years
(e) Aggregate gain/(loss) over net book value (5.22) NIL

5.13 Details of investment in security receipts (SRs)
Details of investment in security receipts as at March 31, 2022 are set out below:
(` in crore)
Particulars SRs issued within SRs issued more than 5 years SRs issued more
past 5 years ago but within past 8 years than 8 years ago
(i) Book value of SRs 24.47 24.67
backed by NPAs sold by the -
bank as underlying
Provision held against (i) 3.44 24.67* -
(ii) Book value of SRs backed by - - -
NPAs sold by other banks/
financial institutions/non-
banking financial companies
as underlying
Provision held against (ii) - - -
Total (i + ii) 24.47 24.67 -
*includes provision of ` 12.68 crore made on investment in SRs under Schedule 5 – Other Liabilities and Provisions
Details of investment in security receipts as at March 31, 2021 are set out below:
(` in crore)
Particulars SRs issued within SRs issued more than 5 years SRs issued more
past 5 years ago but within past 8 years than 8 years ago
(i) Book value of SRs backed 33.43 5.36 -
by NPAs sold by the bank as
underlying
Provision held against (i) 13.90 - -
(ii) Book value of SRs backed by - - -
NPAs sold by other banks/
financial institutions/non-
banking financial companies
as underlying
Provision held against (ii) - - -
Total (i + ii) 33.43 5.36 -

DCB Bank Limited
5.14 Details of loans transferred / acquired under the RBI Master Direction on Transfer of Loan Exposures dated
September 24, 2021
(i) The Bank has not transferred any non-performing assets (NPAs).
(ii) The Bank has not transferred any Special Mention Account (SMA) and loan not in default.
(iii) Details of loans not in default acquired through assignment are given below:
(` in crore)
Particulars March 31, 2022
(a) Aggregate amount of loans acquired 421.89
(b) Weighted average residual maturity (in years) 4.81
(c) Weighted average holding period by originator (in years) 0.65
(d) Retention of beneficial economic interest by the originator 10%
(e) Tangible security coverage* 100%
*Tangible security of loans acquired during the year is more than 100% however the same is restricted to 100%
coverage for the purpose of this disclosure.
The loans acquired are not rated as these are to non-corporate borrowers.
(iv) The Bank has not acquired any stressed loans.
5.15 a) Details of non-performing financial assets purchased from other banks
(` in crore)
1 (a) No. of accounts purchased during the year NIL NIL
(b) Aggregate outstanding NIL NIL
2 (a) Of these, number of accounts restructured during the year NIL NIL
(b) Aggregate outstanding NIL NIL
b) Details of non-performing financial assets sold to other banks

(` in crore)
1. No. of accounts sold during the year NIL NIL
2. Aggregate outstanding NIL NIL
3. Aggregate consideration received NIL NIL
5.16 Provisions on Standard Assets
(` in crore)
Provision for Standard Assets1 288.07 160.07
General provision for COVID-19 - -
Provision for Unhedged Foreign Currency Exposure of borrowers 2.75 2.75
Provision for Specific Standard Assets 2
116.54 158.09
Total (Refer Schedule 5-IV(i) – Other Liabilities and Provisions) 407.36 320.91
1. Includes provision for standard restructured assets.
2. Include of ` 70.41 crore (Previous year: ` 124 crore) towards likely impact of Covid-19 on restructured and stressed assets.
(Refer note 5.9)

6 BUSINESS RATIOS

Interest Income as a percentage to Working Funds (%) 1
8.51 8.95
Non-Interest Income as a percentage to Working Funds (%)1 1.09 1.15
Cost of deposits (%) 6.05 6.49
Net Interest Margin (%) 2
3.56 3.59
Operating Profit as a percentage to Working Funds (%)1,3 1.93 2.29
Return on Assets (%) 4
0.70 0.87
Business per employee (` in crore)5, 6 8.61 8.29
Profit after tax per employee (` in crore)
6
0.04 0.05
1. Working funds have been considered as the average of total monthly assets as reported to the Reserve
Bank of India in Form X under Section 27 of the Banking Regulation Act, 1949 during the financial year.
2. Ratio of Net Interest Income to average earning assets.
3. For the purpose of this ratio, Operating Profit is profit for the year before provisions and contingencies.
4. Assets have been considered as the average of total monthly assets as reported to the Reserve Bank of
India in Form X under Section 27 of the Banking Regulation Act, 1949.
5. For the purpose of this ratio, business has been recorded as deposits (excluding interbank deposits) plus
net advances.
6. For the purpose of this ratio, employees have been considered as the average of the total employees at
the end of each month of the year.
7 OTHER FIXED ASSETS (including furniture and fixtures)
The movement in fixed assets capitalized as software is given below:
(` in crore)
Cost
As at March 31 of the preceding year 136.26 100.58
Additions during the year 10.52 35.68
Total (a) 146.78 136.26
Depreciation
As at March 31 of the preceding year 85.55 74.30
Charge for the year 12.72 11.25
On deductions during the year - -
Total (b) 98.27 85.55
Net value as at March 31 of the current year (a-b) 48.51 50.71

DCB Bank Limited
8 ASSET LIABILITY MANAGEMENT
8.1 Maturity pattern of certain items of assets and liabilities as at March 31, 2022
(` in crore)
Maturity Buckets Loans and Investments# Deposits Borrowings Foreign Foreign
Advances Currency Currency
Assets@ Liabilities
Day 1 80.02 2,086.87 275.95 - 45.63 13.84
2 to 7 days 546.93 74.30 801.25 55.00 419.22 5.30
8 to 14 days 397.61 - 891.30 2.86 - 2.24
15 to 30 days 512.96 62.03 860.29 10.50 265.27 1.71
31 days to 2 months 958.84 558.24 1,879.05 17.69 6.14 1.83
Over 2 months & upto 3 months 896.96 - 1,834.31 245.36 72.21 19.10
Over 3 months & upto 6 months 1,137.49 321.00 3,617.25 360.56 22.17 44.55
Over 6 months & upto 1 year 2,218.00 2,253.35 7,689.45 1,039.86 - 89.16
Over 1 year & upto 3 years 10,515.80 3,397.77 15,511.18 1,676.26 - 47.24
Over 3 years & upto 5 years 2,895.41 212.00 894.28 673.75 - 7.43
Over 5 years 8,935.76 132.67 437.38 - 7.39 -
Total 29,095.78 9,098.23 34,691.69 4,081.84 838.03 232.40
@ excludes foreign currency bills discounted as they are booked in Indian Rupees.
# The amounts placed in repo and LAF lending for overnight placement of surplus liquidity do not form part of the investments
numbers mentioned above.
Maturity pattern of certain items of assets and liabilities as at March 31, 2021
(` in crore)
Maturity Buckets Loans and Investments #
Deposits Borrowings Foreign Foreign
Advances Currency Currency
Assets@ Liabilities
Day 1 258.08 1,254.54 903.66 - 23.66 52.19
2 to 7 days 364.24 1.33 743.93 70.00 286.42 2.25
8 to 14 days 277.73 9.58 763.90 62.86 - 2.06
15 to 30 days 753.33 88.61 751.42 386.60 - 5.97
31 days to 2 months 253.92 93.23 1,463.13 309.36 17.54 8.37
Over 2 months & upto 3 months 340.60 291.26 925.26 57.86 53.92 24.73
Over 3 months & upto 6 months 1,049.61 810.71 2,608.49 184.97 34.91 56.02
Over 6 months & upto 1 year 1,386.51 1,472.22 5,517.93 794.28 37.80 74.23
Over 1 year & upto 3 years 10,122.68 3,874.69 14,960.05 1,967.98 - 51.26
Over 3 years & upto 5 years 2,842.56 415.41 659.20 648.34 - 0.55
Over 5 years 8,087.94 102.11 406.89 - 7.13 -
Total 25,737.20 8,413.69 29,703.86 4,482.25 461.38 277.63
@ excludes foreign currency bills discounted as they are booked in Indian Rupees.
# The amounts placed in repo and LAF lending for overnight placement of surplus liquidity do not form part of the investments
numbers mentioned above.
Classification of assets and liabilities under the different maturity buckets is based on the same estimates and
assumptions as used by the Bank for compiling the return submitted to the RBI, which has been relied upon by
the auditors.

8.2 Liquidity Coverage Ratio (LCR)
(A) Quantitative Disclosures

(` in crore)
Q1 FY 2021-22 Q2 FY 2021-22 Q3 FY 2021-22 Q4 FY 2021-22
Total Total Total Total Total Total Total Total
Unweighted Weighted Unweighted Weighted Unweighted Weighted Unweighted Weighted
Value Value Value Value Value Value Value Value
(average) (average) (average) (average) (average) (average) (average) (average)
High Quality Liquid Assets
1 Total High Quality Liquid Assets (HQLA) 8,543.29 9,017.69 8,734.06 8,353.47
Cash Outflows
2 Retail deposits and deposits from small business 20,459.90 1,700.04 21,045.95 1,755.14 21,464.73 1,795.17 22,236.42 1,869.83
customers, of which:
(i) Stable Deposits 6,919.12 345.96 6,989.13 349.46 7,026.17 351.31 7,076.35 353.82
(ii) Less Stable Deposits 13,540.78 1,354.08 14,056.82 1,405.68 14,438.56 1,443.86 15,160.07 1,516.01
3 Unsecured wholesale funding, of which: 6,724.40 4,284.51 7,212.35 4,700.95 6,982.11 4,593.82 7,321.35 4,768.14
(i) Operational deposits (all counterparties) - - - - - - - -
(ii) Non-operational deposits (all counterparties) 4,066.49 1,626.60 4,185.67 1,674.27 3,980.48 1,592.19 4,255.35 1,702.14
(iii) Unsecured debt 2,657.91 2,657.91 3,026.68 3,026.68 3,001.63 3,001.63 3,066.00 3,066.00
4 Secured wholesale funding 0.00 0.00 0.00 0.00
5 Additional requirements, of which 4,385.20 1,112.15 4,531.92 1,083.94 4,522.55 1,216.25 4,959.52 1,475.40
(i) Outflows related to derivative exposures and other 879.86 879.86 808.20 808.20 875.07 875.07 1,103.80 1,103.80
collateral requirements
(ii) Outflows related to loss of funding on debt products 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(iii) Credit and liquidity facilities 3,505.34 232.29 3,723.72 275.74 3,647.48 341.18 3,855.72 371.60
6 Other contractual funding obligations 742.41 742.41 675.37 675.37 910.75 910.75 586.05 586.05
7 Other contingent funding obligations 2,475.79 96.52 1,593.38 52.52 1,721.18 58.96 1,828.83 63.90
8 Total Cash Outflows 7,935.63 8,267.92 8,574.95 8,763.32
Cash Inflows
9 Secured lending (e.g. reverse repos) 1,261.86 0.00 1,619.61 0.00 1,407.16 0.00 1,222.30 0.00
10 Inflows from fully performing exposures 682.50 635.26 662.82 622.62 732.69 628.46 1,263.23 974.79
11 Other cash inflows 1,220.47 963.77 1,170.43 882.51 1,248.79 966.78 1,339.64 1,123.50
12 Total Cash Inflows 3,164.83 1,599.03 3,452.86 1,505.13 3,388.64 1,595.24 3,825.17 2,098.29
Total Total Total Total

Adjusted Adjusted Adjusted Adjusted
Value Value Value Value
TOTAL HQLA 8,543.29 9,017.69 8,734.06 8,353.47
Total Net Cash Outflows 6,336.60 6,762.79 6,979.71 6,665.03
Liquidity Coverage Ratio (%) 134.82% 133.34% 125.13% 125.33%
In computing the above information, certain estimates/assumptions have been made by the Bank’s management which have been relied upon by the auditors.

(` in crore)
Q1 FY 2020-21 Q2 FY 2020-21 Q3 FY 2020-21 Q4 FY 2020-21
Total Total Total Total Total Total Total Total
Unweighted Weighted Unweighted Weighted Unweighted Weighted Unweighted Weighted
Value Value Value Value Value Value Value Value
(average) (average) (average) (average) (average) (average) (average) (average)
High Quality Liquid Assets
DCB Bank Limited
1 Total High Quality Liquid Assets (HQLA) 8,360.13 7,898.85 8,322.76 7,992.54
Cash Outflows
2 Retail deposits and deposits from small business 18,037.37 1,495.64 18,715.38 1,544.65 19,337.78 1,599.21 19,932.31 1,652.46
customers, of which:

(i) Stable Deposits 6,161.97 308.10 6,537.83 326.89 6,691.36 334.57 6,815.55 340.78
(ii) Less Stable Deposits 11,875.40 1,187.54 12,177.55 1,217.76 12,646.42 1,264.64 13,116.76 1,311.68
3 Unsecured wholesale funding, of which: 7,067.43 4,191.76 6,683.14 3,902.90 6,554.22 3,818.02 6,594.31 4,020.10
(i) Operational deposits (all counterparties) 0.20 0.20 - - - - - -
(ii) Non-operational deposits (all counterparties) 4,792.79 1,917.12 4,633.73 1,853.49 4,560.34 1,824.14 4,290.36 1,716.15
(iii) Unsecured debt 2,274.44 2,274.44 2,049.41 2,049.41 1,993.88 1,993.88 2,303.95 2,303.95
4 Secured wholesale funding 0.00 0.00 0.00 0.00
5 Additional requirements, of which 4,230.08 889.90 4,150.50 968.38 4,707.50 1,563.52 4,412.08 1,068.14
(i) Outflows related to derivative exposures and other 645.47 645.47 737.34 737.34 1,332.59 1,332.59 826.61 826.61
collateral requirements
(ii) Outflows related to loss of funding on debt products 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(iii) Credit and liquidity facilities 3,584.61 244.43 3,413.16 231.04 3,374.91 230.93 3,585.47 241.53
6 Other contractual funding obligations 530.20 530.20 355.77 355.77 404.84 404.84 506.71 506.71
7 Other contingent funding obligations 3,833.87 160.07 3,308.56 136.66 3,106.50 127.94 2,895.53 118.21
8 Total Cash Outflows 7,267.57 6,908.36 7,513.53 7,365.62
Cash Inflows
9 Secured lending (e.g. reverse repos) 1,861.84 0.00 1,403.70 0.00 1,427.07 0.00 1,001.46 0.00
10 Inflows from fully performing exposures 526.73 485.27 611.49 554.22 355.53 294.39 737.92 692.27
11 Other cash inflows 1,021.89 713.91 1,077.11 787.55 1,638.94 1,369.03 1,151.99 892.53
12 Total Cash Inflows 3,410.46 1,199.18 3,092.30 1,341.77 3,421.54 1,663.42 2,891.37 1,584.80
Total Total Total Total

Adjusted Adjusted Adjusted Adjusted
Value Value Value Value
TOTAL HQLA 8,360.13 7,898.85 8,322.76 7,992.54
Total Net Cash Outflows 6,068.39 5,566.59 5,850.11 5,780.82
Liquidity Coverage Ratio (%) 137.77% 141.90% 142.27% 138.26%
(B) Qualitative Disclosures
The Bank maintains Liquidity Coverage Ratio (LCR) which is a ratio of High-Quality Liquid Assets (HQLA) to
Expected Net Cash Outflow over the next 30 calendar days, as per the RBI guidelines. Banks were required to
meet the minimum required level of 100% LCR with effect from April 01, 2021.
The LCR is being computed and monitored on daily simple average basis. The objective of the LCR is to ensure
that the Bank maintains an adequate level of unencumbered HQLAs that can be converted into cash to meet its
liquidity needs for a 30 calendar day time horizon under a significantly severe liquidity stress scenario specified
by supervisors. Further at a minimum, the stock of liquid assets should enable the Bank to survive until day 30 of
the stress scenario, by which time it is assumed that appropriate corrective actions can be taken.
The numerator, High Quality Liquid Assets comprises mainly of excess SLR securities, cash, excess CRR balances,
Marginal Standing Facility (‘MSF’) to the extent of 3 per cent till December 31, 2021 and 2 per cent from January
01, 2022 of Net Demand and Time Liabilities (‘NDTL’) as guided by the RBI Circular and Facility to Avail Liquidity
for Liquidity Coverage Ratio (‘FALLCR’) up to another 15 per cent of NDTL while the denominator i.e. cash outflow
over next 30 days comprises mainly of the deposit maturities and other cash outflows net of cash inflows in next
30 day period. As a part of its strategy to manage the liquidity requirements, the Bank has been consistently
investing in SLR securities of about 2% to 5% of its NDTL, over and above the regulatory SLR requirement.
HQLA of the Bank comprises of mainly Level-1 assets as per the RBI guidelines i.e. government securities apart
from cash and excess CRR.
The major source of funding for the Bank is deposits from customers. The Bank does not rely on interbank
borrowings. However, long term refinance from SIDBI, NABARD and NHB is availed against eligible loan assets.
Further, the Bank has committed lines of credit from a select public and private sector banks.
The Bank does not have any derivative exposure other than the forward contracts entered by the Bank which
does not affect LCR of the Bank significantly.
Apart from computing the LCR in the domestic currency, the Bank is also required to compute LCR in the currency
in which aggregate liabilities denominated in that currency amount to 5 per cent or more of the Bank’s total
liabilities. To comply with the said requirement, the Bank computes the LCR in USD as the dollar denominated
liabilities are more than 5% of the Bank’s total liabilities. During the financial year 2021-22, the cash inflows in next
30 days denominated in the USD were usually higher than the cash outflows in next 30 days denominated in USD.
The liquidity management of the Bank is centralized at Treasury. Treasury Front Office shall, depending upon the
expected outflows and inflows for the day, decide to borrow or lend to maintain optimal liquidity. Treasury Back
Office monitors the expected inflows and outflows by way of maintaining a register which records the expected
outflows and inflows that are informed in advance by the branches as well as by Treasury Front Office before
making any investment. For this purpose, branches are required to inform the Treasury Back Office in advance
of any expected large flows above ` 5 crore. Also, Treasury Back Office takes into account the deposits that
are scheduled to mature in order to arrive at the expected cash outflows for that particular day. As a part of
effective liquidity management, the Bank always maintains excess SLR securities which can be pledged to meet
the shortfall in intraday liquidity, if any.

DCB Bank Limited
8.3 Net Stable Funding Ratio (NSFR)

(A) Quantitative Disclosures

(` in crore)
Net Stable Funding Ratio (NSFR)
As on December 31, 2021 As on March 31, 2022
Unweighted value by residual maturity Weighted Unweighted value by residual maturity Weighted
No <6 6 months ≥ 1yr value No < 6 months 6 months ≥ 1yr value
maturity months to < 1yr maturity to < 1yr
ASF Item
1 Capital: (2+3) 3,881.52 - 300.00 150.00 4,031.52 4,149.61 - 450.00 - 4,149.61
2 Regulatory capital 3,591.06 - - - 3,591.06 3,850.45 - - - 3,850.45
3 Other capital instruments 290.46 - 300.00 150.00 440.46 299.16 - 450.00 - 299.16
4 Retail deposits and deposits from 7,058.50 3,554.74 4,094.21 7,160.76 20,635.33 7,987.64 4,463.78 3,570.16 7,010.57 21,690.73
small business customers: (5+6)
5 Stable deposits 2,647.19 966.47 1,143.73 2,121.38 6,640.90 3,029.30 1,230.80 954.56 1,979.19 6,933.12
6 Less stable deposits 4,411.31 2,588.27 2,950.47 5,039.38 13,994.43 4,958.34 3,232.98 2,615.60 5,031.38 14,757.61
7 Wholesale funding: (8+9) 1,164.53 6,074.88 3,024.03 2,857.58 6,160.68 1,157.98 5,102.32 4,749.65 4,281.43 8,250.63
8 Operational deposits - - - - - - - - - -
9 Other wholesale funding 1,164.53 6,074.88 3,024.03 2,857.58 6,160.68 1,157.98 5,102.32 4,749.65 4,281.43 8,250.63
10 Other liabilities: (11+12) 419.86 1,051.72 1,259.69 186.94 162.95 267.72 1,274.03 1,977.54 183.13 108.48
11 NSFR derivative liabilities - -
12 All other liabilities and equity not 419.86 1,051.72 1,259.69 186.94 162.95 267.72 1,274.03 1,977.54 183.13 108.48
included in the above categories
13 Total ASF (1+4+7+10) 30,990.48 34,199.45
RSF Item - - - - - - - - - -
14 Total NSFR high-quality liquid 354.37 375.68
assets (HQLA)
15 Deposits held at other financial 45.63 - - - 22.81 52.43 - - - 26.21
institutions for operational purposes
16 Performing loans and securities: - 2,300.43 797.03 23,755.17 20,848.56 - 2,609.67 1,958.29 24,543.29 22,009.23
(17+18+19+21+23)
17 Performing loans to financial - - - - - - - - - -
institutions secured by Level 1 HQLA
18 Performing loans to financial - 491.50 63.08 754.28 859.54 - 932.68 48.04 753.16 917.09
institutions secured by non-Level 1
HQLA and unsecured performing
loans to financial institutions
19 Performing loans to non- financial - 1,808.93 733.95 18,274.32 16,804.62 - 1,676.99 1,910.25 18,609.48 17,611.67
corporate clients, loans to retail and
small business customers, and loans
to sovereigns, central banks and
PSEs, of which:
20 With a risk weight of less than or - - - - - - - - - -
equal to 35% under the Basel II
Standardised Approach for credit
risk
21 Performing residential mortgages, - - - 4,165.91 2,707.84 - - - 4,615.42 3,000.02
of which:
22 With a risk weight of less than or - - - 4,165.91 2,707.84 - - - 4,615.42 3,000.02
equal to 35% under the Basel II
Standardised Approach for credit risk
23 Securities that are not in default and - - - 560.66 476.56 - - - 565.23 480.45
do not qualify as HQLA, including
exchange-traded equities
24 Other assets: (sum of rows 25 to 29) - 83.73 1,415.13 4,917.62 4,989.02 - 88.02 1,828.27 5,058.65 5,133.92
25 Physical traded commodities, - - - - - - - - - -
including gold
26 Assets posted as initial margin for - 82.22 69.89 - 85.02 72.27
derivative contracts and contributions
to default funds of CCPs
27 NSFR derivative assets - 1.07 1.07 - 2.80 2.80
28 NSFR derivative liabilities before - 0.45 0.45 - 0.20 0.20
deduction of variation margin
posted
29 All other assets not included in the - - 1,415.13 4,917.62 4,917.61 - - 1,828.27 5,058.65 5,058.65
above categories
30 Off-balance sheet items - - - 5,930.20 268.79 - - - 7,049.79 324.30
31 Total RSF (14+15+16+24+30) - - - - 26,483.55 - - - - 27,869.34
32 Net Stable Funding Ratio (%) 117.02% 122.71%

(B) Qualitative Disclosures
Pursuant to the RBI guidelines on NSFR dated May 17, 2018, DCB Bank has been subjected to the Basel III NSFR
standards from 1st October 2021. NSFR aims to improve the resilience of banks by promoting long-term funding
stability. It mandates banks to maintain a stable funding profile vis-à-vis the composition of their assets and
off-balance sheet activities. It reduces the probability of erosion of a bank’s liquidity position due to disruptions
to its regular sources of funding. The NSFR guidelines of RBI stipulate the applicable Required Stable Funding
(“RSF”) factor for each category of asset and Available Stable Funding (“ASF”) factor for each type of funding
source. NSFR represents the ratio of the bank’s ASF to RSF. The breakdown of the bank’s ASF and RSF amounts
after applying the respective ASF or RSF factors are provided in the “weighted amount” column of the NSFR
disclosure format.
The Available Stable Funding (ASF) is primarily driven by the total regulatory capital as per Basle III Capital
Adequacy guidelines stipulated by RBI and deposits from retail customers, small business customers and non-
financial corporate customers. Under the Required Stable Funding (RSF), the primary drivers are unencumbered
performing loans with residual maturities of one year or more, excluding loans to financial institutions.
9 CONCENTRATION OF DEPOSITS, ADVANCES, EXPOSURES AND NPAs
9.1 Concentration of Deposits

(` in crore)
Total deposits of twenty largest depositors* 2,189.98 2,073.71
Percentage of deposits of twenty largest depositors to total 6.31% 6.98%
deposits of the Bank
*Excludes holders of Certificates of Deposits.
9.2 Concentration of Advances

(` in crore)
Total advances to twenty largest borrowers 1,717.77 1,544.85
Percentage of Advances to twenty largest borrowers to total 5.03% 5.04%
advances of the bank
Note: Advances reported above include both funded and non-funded loan exposure with limits or outstanding whichever is
higher, for other than fully drawn term loans and NPAs. In case of fully drawn term loans and NPAs, the outstanding amount
has been considered for this purpose. The Advances figure above also includes non-inter bank credit exposure on derivatives
including forward exchange contracts.
9.3 Concentration of Exposures

(` in crore)
Total Exposures to twenty largest borrowers / customers 1,978.81 1,815.25
Percentage of Exposures to twenty largest borrowers / Customers 5.55% 5.62%
to Total Exposures of the bank on borrowers / Customers
Note: Exposures reported above include both funded and non-funded exposures [including advances and investments (other
than SLR Investments)] with limits or outstanding whichever is higher, for other than fully drawn term loans and NPAs. In case of
fully drawn term loan and NPAs, the outstanding amount has been considered for this purpose. The exposure figure above also
includes non-inter bank credit exposure on derivatives including forward exchange contracts.

DCB Bank Limited
9.4 Concentration of NPAs

(` in crore)
Total Exposure to top twenty NPA accounts 161.30 153.58
Percentage of exposures to the twenty largest NPA exposure to 12.50% 14.18%
total Gross NPAs.
Notes:
1. NPAs are taken on gross basis.
2. Fund based exposures identified as NPAs.
9.5 Off-Balance Sheet SPVs sponsored (which are required to be consolidated as per accounting norms) as on
March 31, 2022 and March 31, 2021
Name of the SPV sponsored
Domestic Overseas
NIL NIL
10 EXPOSURES
10.1 Exposure to the Real Estate Sector
(` in crore)
Category March 31, 2022 March 31, 2021
a) Direct Exposure
(i) Residential Mortgages(*) 6,412.94 5,210.80
Lending fully secured by mortgages on residential property
that is or will be occupied by the borrower or that is rented:
(*) Includes Individual housing loans eligible for inclusion in
priority sector advances – ` 3,135.36 crore (Previous year:
` 2,512.21 crore)
(ii) Commercial Real Estate 1,930.18 1,584.41
Lending secured by mortgages on commercial real estates
(office buildings, retail space, multi-purpose commercial
premises, multi-family residential buildings, multi-tenanted
commercial premises, industrial or warehouse space, hotels,
land acquisition, development and construction, etc.)
(iii) Investments in Mortgage Backed Securities (MBS) and
other securitized exposures –
(a) Residential - -
(b) Commercial Real Estate - -
b) Indirect Exposure
Fund based and non-fund based exposures on National 650.83 397.18
Housing Bank (NHB) and Housing Finance Companies (HFCs).
Total Exposure to the Real Estate Sector 8,993.95 7,192.39

10.2 Exposure to the Capital Market
(` in crore)
i. Direct investment in equity shares, convertible bonds, 28.60 22.83
convertible debentures and units of equity-oriented mutual
funds the corpus of which is not exclusively invested in
corporate debt;
ii. Advances against shares/bonds/ debentures or other - -
securities or on clean basis to individuals for investment in
shares (including IPOs/ESOPs), convertible bonds, convertible
debentures, and units of equity-oriented mutual funds;
iii. Advances for any other purposes where shares or convertible 1.14 1.44
bonds or convertible debentures or units of equity oriented
mutual funds are taken as primary security;
iv. Advances for any other purposes to the extent secured by the - -
collateral security of shares or convertible bonds or convertible
debentures or units of equity oriented mutual funds i.e. where
the primary security other than shares/convertible bonds/
convertible debentures/units of equity oriented mutual funds
does not fully cover the advances;
v. Secured and unsecured advances to stockbrokers and 355.15 274.46
guarantees issued on behalf of stockbrokers and market
makers;
vi. Loans sanctioned to corporates against the security of shares - -
/ bonds/debentures or other securities or on clean basis
for meeting promoter’s contribution to the equity of new
companies in anticipation of raising resources;
vii. Bridge loans to companies against expected equity flows/ - -
issues;
viii. Underwriting commitments taken up by the banks in respect - -
of primary issue of shares or convertible bonds or convertible
debentures or units of equity oriented mutual funds;
ix. Financing to stockbrokers for margin trading; - -
x. All exposures to Venture Capital Funds (both registered and - -
unregistered)
Total Exposure to the Capital Market 384.89 298.73

DCB Bank Limited
10.3 Risk category-wise country exposure

(` in crore)
Risk Category Exposure (net) as Provision held as at Exposure (net) as Provision held as at
at March 31, 2022 March 31, 2022 at March 31, 2021 March 31, 2021
Insignificant 551.85 - 185.68 -
Low 228.95 - 265.00 -
Moderate Low 3.31 - 2.34 -
Moderate - - 3.21 -
Moderate High - - - -
High - - - -
Very High - - - -
Total 784.11 - 456.23 -
10.4 Details of Large Exposures Framework limits exceeded by the Bank
As per regulatory guidelines, with effect from April 1, 2019 in case of single counterparty, the sum of all the
exposure values of a bank to a single counterparty must not be higher than 20 percent of the bank’s available
eligible capital base at all times. In exceptional cases, Board of bank may allow an additional 5 percent exposure
of the bank’s available eligible capital base. In case of group of connected counterparties, the sum of all the
exposure values of a bank to a group of connected counterparties must not be higher than 25 percent of the
bank’s available eligible capital base at all times.
The eligible capital base for this purpose is the effective amount of Tier 1 capital fulfilling the criteria defined in
Master Circular on Basel III – Capital Regulation /Master Direction on ‘Basel III Capital Regulations’ as per the last
audited balance sheet.
During the years ended March 31, 2022 and March 31, 2021, the Bank has not exceeded the prudential exposure
limits as laid down by the RBI guidelines under Large Exposure Framework.
10.5 Intra Group Exposure

(` in crore)
Total amount of intra-group exposure NIL NIL
Total amount of top-20 intra-group exposure NIL NIL
Percentage of intra group exposure to total exposure of the Bank NIL NIL
on borrower/ customer
Details of breach of limit on intra group exposure and regulatory NIL NIL
action thereon, if any

10.6 Unsecured Advances
Details of advances included in Schedule 9 where intangibles like rights, licenses, authority, etc. are charged to the
Bank as collateral:
(` in crore)
Total unsecured gross advances of the Bank 1,429.90 1,244.77
Out of the above, amount of advances for which intangible securities NIL NIL
such as charge over the rights, licenses, authority, etc. have been taken
Estimated value of such intangible securities NIL NIL
10.7 Factoring Business
The outstanding receivables acquired by the Bank under factoring business were ` 450.49 crore as at
March 31, 2022 (Previous year:` 107.32 crore).
10.8 Unhedged Foreign Currency Exposure (UFCE)
In accordance with the RBI guidelines on banks’ exposures to entities with Unhedged Foreign Currency Exposure
(‘UFCE’), the Bank has put in place a mechanism to seek information from its borrowers and to evaluate the
currency induced credit risk. In the case of listed entities, the Bank obtains information relating to unhedged
positions based on the latest available audited / reviewed financial statements; whilst in the case of unlisted /
private companies, the Bank obtains the aforesaid information based on the latest available audited financial
statements (not exceeding a financial year) so as to estimate the extent of likely loss and to provide for
incremental capital or to recognize incremental provision in accordance with the aforesaid guidelines. Further, as
per the above-mentioned guidelines, the Bank obtains audited and certified UFCE information from the statutory
auditors of the borrowers on an annual basis. In the case of smaller entities i.e. entities with exposure to banking
industry of less than ` 25 crore and as identified by the Bank as having any foreign exchange exposure, the Bank
recognizes an incremental provision at 10 basis points on all such exposures.
The incremental provisions and capital held by the Bank towards this risk, included in the Bank’s financials are as
under:
(` in crore)
Provisioning Requirement for UFCE 2.75 2.75
Risk weight on account of UFCE 49.65 53.28
Capital Requirement at 9% 4.47 4.80
11 COMPLIANCE WITH ACCOUNTING STANDARDS, READ WITH THE RBI GUIDELINES
11.1 Employee Benefits (Accounting Standard 15)
The contribution to Employees’ Provident Fund included under “Payments to and Provisions for Employees” in
Schedule 16 amounted to ` 16.05 crore for the year ended March 31, 2022 (Previous year ` 14.13 crore).
During the year, the Bank has contributed ` 1.00 crore (previous year ` 0.85 crore) to the National Pension
Scheme for employees who had opted for the scheme.
The Bank has a gratuity trust approved by Income Tax Department namely “DCB Bank Limited Staff Gratuity
Fund”. Every employee who has completed 5 years or more of service gets gratuity on separation at half month’s
last drawn salary for each completed year of service, subject to a cap of ` 20.00 lakhs for employees who joined
after April 1, 2006 and without any such limit for other employees.

DCB Bank Limited
Reconciliation of opening and closing balance of the present value of the defined benefit obligation for gratuity
benefits is given below:
(` in crore)
Balance Sheet – Details of provision for Gratuity
Defined benefit obligation 28.26 27.07
Fair value of plan Assets 27.71 26.17
Net Assets/(Liabilities) (0.55) (0.90)
Amounts in Balance Sheet
Assets (included in Schedule 11 – Other Assets) - -
Liabilities (included in Schedule 5 – Other Liabilities and Provisions) 0.55 0.90
Change in Defined Benefit Obligations
Obligations at the beginning of the year 27.07 24.25
Interest Cost 1.48 1.32
Current Service Cost 2.57 2.55
Past Service Cost - -
Benefits paid (3.82) (1.35)
Actuarial (gain)/loss on Obligation 0.96 0.30
Present value of obligation at the end of the year 28.26 27.07
Change in the Fair value of Plan Assets
Fair value of plan assets at the beginning of the year 26.17 22.91
Expected Return on plan assets 1.89 1.72
Contributions 4.00 2.00
Benefits paid (3.82) (1.35)
Actuarial gain/(Loss) on plan assets (0.53) 0.89
Fair value of plan assets at the end of the year 27.71 26.17
Cost for the year
Current service cost 2.57 2.55
Interest cost 1.48 1.32
Expected return on plan assets (1.89) (1.72)
Net Actuarial (gain)/loss recognised in the year 1.49 (0.59)
Past service cost - -
Expense recognised in “Payments to and Provision for 3.65 1.56
Employees” [Refer Schedule-16 (I)]
Actual return on plan assets 1.36 2.61
Experience Adjustments
On obligation 1.10 0.15
On plan assets (0.53) 0.89
Assumptions
Discount rate 5.89% p.a. 5.58% p.a.
Expected return on plan assets 7.00% p.a. 7.00% p.a.
Mortality Indian Assured Indian Assured
Lives Mortality Lives Mortality
(2012-14) Ultimate (2012-14) Ultimate
Future salary increases 5.00% p.a. 5.00% p.a.

Experience adjustments
(` in crore)
Particulars March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019 March 31, 2018
Plan assets 27.71 26.17 22.91 19.27 15.66
Defined benefit obligation 28.26 27.07 24.25 19.83 16.79
Surplus / (Deficit) (0.55) (0.90) (1.34) (0.56) (1.13)
Experience adjustment (0.53) 0.89 0.32 0.16 (0.26)
gain/ (loss) on plan assets
Experience adjustment (gain) 1.10 0.15 1.67 0.98 0.51
/loss on plan liabil-ities
All the plan assets are invested by the gratuity trust namely “DCB Bank Limited Staff Gratuity Fund” in Government
securities (CY about 51%, PY about 52%), high rated corporate bonds (CY about 33%, PY about 35%), units of
mutual funds/ insurance companies (CY about 6%, PY about 8%) and others (CY about 10%, PY about 5%) set up
as dedicated funds for management of gratuity funds.
Estimated rate of return on plan assets is based on the Bank’s expectation of the average long–term rate of return
expected on investments of the Fund during the estimated term of the obligations.
The contribution expected to be paid to the plan during the annual period beginning after the Balance Sheet date
is ` 9.66 crore (Previous year: ` 8.96 crore).
The estimates of future salary increases, considered in actuarial valuation, takes into account inflation, seniority,
promotion and other relevant factors, such as supply and demand in the employment market.
In computing the above information, certain estimates have been made by the Bank’s management which have
been relied upon by the auditors
11.2 Earnings Per Share (‘EPS’)

The Bank reports basic and diluted earnings per equity share in accordance with AS-20, “Earnings per Share”. The
dilutive impact is due to stock options granted to employees by the Bank.
The computation of earnings per share is given below:-

Basic
Net Profit (` in crore) 287.50 335.79
Weighted average number of equity shares outstanding 310,638,511 310,464,925
Basic Earnings per share (`) 9.26 10.82
Diluted
Net Profit (` in crore ) 287.50 335.79
Weighted average number of equity shares outstanding 312,826,393 313,708,662
Diluted Earnings per share (`) 9.19 10.70
Face value per share (`) 10.00 10.00
Dilution of equity is on account of 2,187,882 (Previous year 3,243,737) stock options.
11.3 Employees’ Stock Option Plan
The Shareholders of the Bank had approved an ESOP plan Phase I in November 2005, enabling the Board
and /or the Nomination Committee to grant such number of equity shares and/or equity linked instruments,
including options of the Bank not exceeding 4% of the Issued Capital or 60,00,000 Equity Shares of the Bank.
The Shareholders, at the Annual General Meeting held on September 11, 2006 had approved an additional 3% of
the Issued Capital, aggregating the total Equity Share Capital reserved for all ESOPs to 7% of the Issued Capital
from time to time. As the shares of the Bank were subsequently listed, confirmation of shareholders was obtained
at the Extraordinary General Meeting held on December 15, 2006 in line with the guidelines of the Securities &

DCB Bank Limited
Exchange Board of India. Pursuant thereto, during the year the Nomination and Remuneration Committee of the
Board granted the following options.
Date Price Sub Plan 1 Sub Plan 2

January 18, 2022 86.45 1,031,524 -
Under the Employees’ Stock Options Plan, options vest in a graded manner over a 5-year period from the date of
grant, the details of which are set out below:
End For Sub Plan 1 For Sub Plan 2

of the Till From From Till From
Year August 16, 2010 August 17, 2010 January 01, 2021 December 31, January 01, 2021
to December 31, 2020
2020
1st - - 33.33% - 33.33%
2nd - 30% 33.33% 30% 33.33%
3rd 40% 30% 33.34% 30% 33.34%
4th 30% 20% - 20% -
5th 30% 20% - 20% -
Method used for accounting for ESOP
RBI, vide its clarification dated August 30, 2021 on Guidelines on Compensation of Whole Time Directors / Chief
Executive Officers / Material Risk Takers and Control Function Staff, advised Banks that the fair value of share-
linked instruments on the date of grant should be recognised as an expense for all instruments granted after
the accounting period ending March 31, 2021. Accordingly, the Bank has valued its stock options granted after
March 31, 2021 using the fair value method under its Employee’ Stock Options Plan. The fair value of the stock
options is estimated on the date of grant using Black-Scholes model and is recognised as employee cost over the
vesting period.
Activity in options outstanding under Employees Stock Option Plan.

Number Weighted Number Weighted
of Average of Average
options Exercise Price options Exercise Price
Options outstanding at the beginning of the year 8,275,840 64.46 6,797,370 63.07
Granted during the year 1,031,524 86.45 1,710,500 70.38
Exercised during the year 440,350 52.73 120,700 53.63
Forfeited/Lapsed during the year 215,400 74.43 111,330 82.27
Options outstanding at the end of the year* 8,651,614 67.43 8,275,840 64.46
Options exercisable 6,077,590 63.21 6,116,240 60.92
*Includes 5,000 (Previous year: 1,000) employee stock options exercised, pending for allotment.
The weighted average share price in respect of options exercised and allotted during the year ended March 31,
2022 is ` 77.97 (Previous year ` 94.02).

Summary of stock options outstanding as on March 31, 2022 is given below
Range of exercise price Number of shares Weighted Weighted average

(Rupees per share) arising out of options average exercise remaining contractual
price (`) life (Number of years)
` 17.00 – ` 24.00 700 19.49 1.37

` 25.00 – ` 109.00 8,116,804 63.89 6.90
` 110.00– ` 200.00 534,110 121.41 6.28
There were 440,350 stock options exercised during the year ended March 31, 2022.
Summary of stock options outstanding as on March 31, 2021 is given below:
Range of exercise price Number of shares Weighted Weighted average
(Rupees per share) arising out of options average exercise remaining contractual
price (`) life (Number of years)
` 17.00 – ` 24.00 700 19.49 2.37
` 25.00 – ` 109.00 7,738,730 60.50 7.13
` 110.00– ` 200.00 536,410 121.63 7.39
There were 120,700 stock options exercised during the year ended March 31, 2021.
Fair value Methodology

The fair value of options used to compute proforma net income and earnings per equity share have been
estimated using the binomial option-pricing model for options granted upto March 31, 2021. The Bank estimated
the volatility based on the historical share prices.
The fair value of the stock options granted after March 31, 2021 is estimated on the date of grant using
Black-Scholes model and is recognised as employee cost over the vesting period. Accordingly, the Bank has
recognised ` 0.42 crore during the financial year 2021-22.
The various assumptions considered in the pricing model for ESOPs granted during the year ended
March 31, 2022 were:
Particular March 31, 2022
Dividend Yield 1.16%
Expected Volatility 38.85% to 41.32%
Risk Free Interest Rate 5.47% to 6.15%
Expected life of options 3.77 to 5.77 years
The various assumptions considered in the pricing model for ESOPs granted during the year ended
March 31, 2021 were:
Particular March 31, 2021
Dividend Yield 1.05% to 1.14%
Expected Volatility 48.84% to 48.86%
Risk Free Interest Rate 5.73%
Expected life of options 6.37 to 6.41 years
The expected volatility was determined based on historical volatility data; historical volatility includes data since listing.
The weighted average fair value of options granted during the year ended March 31, 2022 was ` 33.49 (Previous year
` 23.50).
In computing the above information, certain estimates/assumptions have been made by the Bank’s management
which have been relied upon by the auditors.

DCB Bank Limited
Impact of Fair Value Method on Net Profit and EPS
Had the compensation cost for the Bank’s stock option plans on outstanding ESOPs granted upto March 31, 2021
been determined based on the fair value approach, the Bank’s net profit and earnings per share would have been
as per the proforma amounts indicated below:
(` in crore)
Particular March 31, 2022 March 31, 2021
Net Profit (as reported) 287.50 335.79
Add: Stock based compensation expense accounted (0.01) 0.00
287.49 335.79
Less: Stock based compensation expense determined under fair 1.26 1.50
value based method (proforma)
Net Profit (proforma) 286.23 334.29
Particular March 31, 2022 March 31, 2021

Basic earnings per share (as reported) 9.26 10.82
Basic earnings per share (proforma) 9.21 10.77
Diluted earnings per share (as reported) 9.19 10.70
Diluted earnings per share (proforma) 9.15 10.66
11.4 Segment Information

Part A: Business Segments (` in crore)
Business Segments Treasury Operations Corporate / Retail Banking Other Banking Total
Wholesale Banking Operations
Particulars FY 2021- FY 2020- FY 2021- FY 2020- FY 2021- FY 2020- FY 2021- FY 2020- FY 2021- FY 2020-
22 21 22 21 22 21 22 21 22 21
Revenue 918.40 990.10 350.14 393.14 3,247.05 3,109.27 46.00 32.19 4,561.59 4,524.70
Unallocated Revenue (0.24) (0.13)
Total Revenue1 4,561.35 4,524.57
Result 112.69 190.94 4.56 (5.54) 242.56 254.52 43.63 30.52 403.44 470.44
Unallocated Result (13.89) (17.64)
Total 389.55 452.80
Unallocated expenses - -
Operating profit 796.98 885.81
Income taxes (102.05) (117.01)
Extraordinary profit - - - - - - - - - -
/ loss
Net profit 287.50 335.79
Other Information
Segment assets 14,092.95 12,509.94 3,797.23 3,441.93 26,493.55 23,327.50 - - 44,383.73 39,279.37
Unallocated assets 456.41 322.76
Total assets 44,840.14 39,602.13
Segment liabilities 7,577.58 7,102.06 2,811.62 2,508.18 30,400.28 26,231.28 0.69 0.73 40,790.17 35,842.25
Unallocated liabilities2 4,049.97 3,759.88
Total liabilities 44,840.14 39,602.13
Capital Expenditure 0.17 0.15 1.23 1.95 95.78 71.69 - - 97.18 73.79
Unallocable 7.48 6.46
Total Capital 104.66 80.25
Expenditure
Depreciation 1.16 1.09 0.80 0.67 60.57 53.67 - - 62.53 55.43
Total Depreciation 63.71 56.60
Non Cash Expenses3 12.47 0.42 66.95 91.29 325.97 333.65 - - 405.39 425.36
Total Non Cash 418.31 437.84
Expenses

1. Revenue i.e. Total Revenue includes inter-segment revenue of ` 596.54 crore in FY 2021-22 (Previous year ` 620.53
crore). Inter-segment revenue represents the transfer price received from and paid to the treasury unit respectively.
Excluding this, the revenue for the Bank is ` 3,964.81 crore in FY 2021-22 (Previous year: ` 3,904.04 crore).
2. Includes Capital and Reserves.
3. Excluding depreciation and provision for taxes.
4. Income, expense, assets and liabilities have been either specifically identified with individual segment or allocated
to segments on a systematic basis or classified as unallocated.
5. Inter-segment transactions have been generally based on transfer pricing measures as determined by the Management.
Part B: Geographic Segments
The Bank does not have overseas branches and the operations are entirely domestic. Therefore, no separate reporting
is done based on geographic segments.
11.5 Related Party Transactions

Related Parties in terms of AS-18 on “Related Party Disclosures” are disclosed below:
Mr. Murali M. Natrajan : Key Management Personnel
The details of managerial renumeration of the Key Management Personnel of the Bank are as under:
(` in crore)
Mr. Murali M. Natrajan: Managing Director 5.61 5.60
Managerial Remuneration
Managerial Remuneration excludes perquisite value of employee stock options exercised.
11.6 Deferred Tax

The composition of Deferred Tax Assets (DTA) and Deferred Tax Liabilities (DTL) is as under:
(` in crore)
Sr. Particulars As at As at
No. March 31, 2022 March 31, 2021
A. DTA :
(i) Provision for Loan Losses (minus deduction u/s 36(1) 277.14 194.05
(viia) of the Income Tax Act, 1961)
(ii) Others 4.28 4.28
Total DTA [A] 281.42 198.33
B. DTL :
(i) Depreciation 13.27 11.90
(ii) Special Reserve u/s 36(1)(viii) of the Income Tax Act, 1961 38.16 30.44
(iii) Others - -
Total DTL [B] 51.43 42.34
C. NET DTA [ A – B] 229.99 155.99
11.7 Assets Taken Under Operating Leases

(` in crore)
Minimum Lease Rent payable
Payable not later than 1 year 55.50 49.09
Payable later than 1 year but not later than 5 years 195.85 174.29
Payable later than 5 years 316.63 238.81
Total 567.98 462.19
The total of lease payments recognised in the Profit and Loss 57.04 54.36
Account for the year

DCB Bank Limited
The lease rents are paid by the Bank for premises leased for its business operations. The above contingent
rents have been determined based on terms of individual lease agreements over the lease period. The terms of
renewal/purchase options and escalation clauses are those normally prevalent in similar agreements. There are
no undue restrictions or onerous clauses in the agreements.
11.8 Revaluation of Fixed Assets
The Bank revalued its owned premises as at December 31, 2016 which resulted in a revaluation gain of ` 208.69
crore which has been credited to Revaluation Reserve as at that date. The Bank computes depreciation on such
revalued premises over its estimated remaining useful life.
During the financial year 2021-22 an amount of ` 6.03 crore (Previous year: ` 6.03 crore) has been charged to the
Profit and Loss Account and this amount has been transferred from Revaluation Reserve to “Balance in Profit and
Loss Account”.
11.9 Contingent Liabilities
Description of Contingent Liabilities:
Sr. Contingent Liability (*) Brief Description

No.
1. Claim against the Bank not An amount of ` 35.49 crore (Previous year: ` 44.04 crore) is outstanding
acknowledged as Debts as at March 31, 2022, as claims against the Bank not acknowledged as
Debts, including ` 19.50 crore (Previous year: ` 28.50 crore) being in the
nature of a contingent liability on account of proceedings pending with
Income Tax authorities. The Bank does not expect the outcome of these
proceedings to have a materially adverse effect on its financial results.
(Also refer note 15 on pending litigation cases)
2. Liability on account of An amount of ` 1,778.27 crore (Previous year: ` 2,944.87 crore)
outstanding forward is outstanding as at March 31, 2022. The Bank enters into foreign
exchange and derivative exchange contracts, currency options/swaps and interest rate futures
contracts on its own account and for customers. Forward exchange contracts
are commitments to buy or sell foreign currency at a future date at the
contracted rate. Currency swaps are commitments to exchange cash
flows by way of interest/principal in two currencies, based on ruling spot
rates. Interest rate futures are standardized, exchange-traded contracts
that represent a pledge to undertake a certain interest rate transaction
at a specified price, on a specified future date.
3. Guarantees given on behalf An amount of ` 1,409.65 crore (Previous year: ` 1,335.47 crore) is
of constituents, Acceptances, outstanding as at March 31, 2022. As part of its commercial banking
Endorsements and Others activity, the Bank issues Letters of Credit and Guarantees on behalf of
its customers.
4. Other items for which the An amount of ` 1,838.68 crore (Previous year: ` 1,525.44 crore) is
Bank is contingently liable. outstanding as at March 31, 2022. These include liability on account of
repo and reverse repo transaction, credit enhancement relating to the sale
of mortgage loan portfolio undertaken by the Bank, capital commitments
and the unclaimed liabilities where amount due has been transferred to
Depositor Education and Awareness Fund (DEAF) with RBI.
* Also refer Schedule – 12.

12 Additional Disclosures
12.1 Details of “Provisions & Contingencies” debited to the Profit and Loss Account
(` in 000’s)
Provision for Income Tax
- Current 1,760,503 1,796,418
- Deferred (Refer note 11.6) (740,050) (626,266)
Provision/write-off towards non-performing assets 2,840,824 2,524,995
Floating Provision 129,212 124,812
Provision for Standard Assets* 864,521 2,090,097
General provision for COVID-19 - (630,000)
Sacrifice in One Time Settlement 55,492 18,653
Provision for Other Assets and Contingencies 12,380 667
Provisions for Restructured Advances 171,898 200,879
Total 5,094,780 5,500,255
* includes provision for unhedged foreign currency exposure and provision for specific standard assets.
12.2 Depositor Education and Awareness Fund (DEA Fund)
In accordance with the guidelines issued by the RBI, the Bank transfers the amount to the credit of any account
which has not been operated upon for a period of ten years or any deposit or any amount remaining unclaimed
for more than ten years to the DEA Fund.
Details of amounts transferred to DEAF are set out below:

(` in crore)
Opening balance of amounts transferred to DEA Fund 55.28 45.17
Add : Amounts transferred to DEA Fund during the year 7.21 10.29
Less : Amounts reimbursed by DEA Fund towards claims 0.86 0.18
Closing balance of amounts transferred to DEA Fund 61.63 55.28

DCB Bank Limited
12.3 Customer Complaints+
a) Summary information on complaints received by the bank from customers and from the Offices of
Ombudsman
No March 31, 2022 March 31, 2021
Complaints received by the bank from its customers
1 Number of complaints pending at beginning of the year 2,282 3,080
2 Number of complaints received during the year 32,603 33,470
3. Number of complaints disposed during the year 34,310 34,268
3.1 Of which, number of complaints rejected by the bank 913 1,890
4. Number of complaints pending at the end of the year 575 2,282
Maintainable complaints received by the bank from
Office of Ombudsman
5. Number of maintainable complaints received by the 554 665
bank from Office of Ombudsman
5.1 Of 5, number of complaints resolved in favour of the 554 468
bank by Office of Ombudsman
5.2 Of 5, number of complaints resolved through 20 5
conciliation/mediation/advisories issued by Office of
Ombudsman
5.3 Of 5, number of complaints resolved after passing of 0 0
Awards by Office of Ombudsman against the bank
6. Number of Awards unimplemented within the 0 0
stipulated time (other than those appealed)
+ As compiled by the Management and relied upon by the auditors.
b) Top grounds of complaints received by bank from customers+
Grounds of Number of Number of % increase/ Number of Of 5, number

complaints, (i.e. complaints complaints decrease in complaints of complaints
complaints relating pending at the received the number pending at the pending
to) beginning of during the year of complaints end of the year beyond 30
the year received over days
the previous
year
1 2 3 4 5 6
Loans and 942 11,175 16% 224 9
Advances
(a) Rate of Interest/
EMI/ Tenure
Disputes
(b) Document not
received
(c) Others


the previous
year
1 2 3 4 5 6
ATM/Debit Cards 240 8,693 -7% 148 2
(a) Card not
working
(b) Cash not
dispensed at
other ATMs
(c) Others
Internet/Mobile/ 264 4,282 -23% 48 1
Electronic Banking
(a) Payment
gateway
transaction
disputes
(b) Internet Banking
login/password
issues
c) Others
Account opening/ 418 4,619 -9% 44 1
difficulty in
operation of
accounts
(a) Transactions
submitted at
branches
(b) Instruction
updates
(c) Others
Para-banking 178 1,316 111% 61 9
(a) Policy
documents not
received (Loans
related)
(b) Policy
Cancellation
(Health/Life
Insurance)
(c) Others

DCB Bank Limited

the previous
year
1 2 3 4 5 6
Mis-selling 55 551 32% 7 1
(a) Information
related wrt gold
loan
(b) Information
related wrt
Mortgage Loan
(c) Others
Others 185 1,967 -30% 43 7
(a) SMS/Email alerts
sent but not
received
(b) Charges related
disputes
Total 2,282 32,603 -3% 575 30

the previous
year
1 2 3 4 5 6
Loans and 334 9,641 206% 942 382
Advances
(a) Rate of Interest
Disputes
(b) Part payment/
foreclosure
credits
(c) Others
ATM/Debit Cards 198 9,372 3% 240 30
(a) Cash not
dispensed at
other ATMs
(b) Errors at
point of sale
transactions
(c) Others


the previous
year
1 2 3 4 5 6
Internet/Mobile/ 685 5,539 81% 264 106
Electronic
Banking
(a) Payment
gateway
transaction
disputes
(b) Internet Banking
login/password
issues
(c) Others
Account opening/ 235 5,069 52% 418 80
difficulty in
operation of
accounts
(a) Transactions
submitted at
branches
(b) Instruction
updates
(c) Others
Para-banking 60 623 34% 178 141
(a) Policy
documents not
received (Loans
related)
(b) Policy
documents
not received
(Health/Life
Insurance)
(c) Others
Mis-selling 28 417 24% 55 39
(a) Information given
by frontline
(b) Information
related wrt gold
loan
(c) Others

DCB Bank Limited

the previous
year
1 2 3 4 5 6
Others 1,540 2,809 -34% 185 116
(a) SMS/Email alerts
sent but not
received
(b) Charges related
disputes
Total 3,080 33,470 42% 2,282 894
The Bank has an “Integrated Complaints Management System” in which complaints are logged and addressed.
Complaints are reviewed on a regular basis to ensure timely response to customers.
In Q1 FY2021-22, Covid-19 second wave impacted India. The Covid-19 disruptions & restrictions somewhat resulted
in delays in response to customers and had some impact on service levels. The Bank regularly takes measures to
improve process & systems to enhance customer service.
+ As compiled by the Management and relied upon by the auditors.
12.4 Letters of Comfort (LoC) / Letters of Undertaking (LoU)
The Bank has stopped issuing any fresh LoU in line with the RBI guidelines dated March 13, 2018 in this regard.
Outstanding LoU as on March 31, 2022 was ` NIL (Previous year: ` NIL).
12.5 Small and Micro Industries
Under the Micro, Small and Medium Enterprises Development Act, 2006, certain disclosures are required to be
made relating to Micro, Small and Medium Enterprises. There have been no reported cases of delays in payments
to micro and small enterprises or of interest payments due to delays in such payments. The above is based on the
information available with the Bank which has been relied upon by the auditors.
12.6 Priority Sector Lending Certificates (‘PSLCs’) (Category-wise) sold and purchased during the year
(` in crore)
March 31, 2022 March 31, 2021
PSLC purchased during the year
(i) PSLC – Agriculture - 350.00
(ii) PSLC – SF/MF - 760.00
(iii) PSLC – Micro Enterprises - -
(iv) PSLC – General - -
Total - 1,110.00
PSLC sold during the year
(i) PSLC – Agriculture - 155.00
(ii) PSLC – SF/MF - 600.00
(iii) PSLC – Micro Enterprises 3,646.25 4,350.00
(iv) PSLC – General 1,950.00 2,900.00
Total 5,596.25 8,005.00

12.7 Income from Bancassurance Business

(` in crore)
Sr. Nature of Income March 31, 2022 March 31, 2021

No.
1 For selling life insurance policies 33.15 20.23
2 For selling non-life insurance policies 7.69 6.87
3 For selling mutual fund products 1.07 0.94
Total 41.91 28.04
12.8 Income from Marketing and distribution

The Bank has received fees of ` 31.39 crore (Previous year: ` 27.73 crore) with respect to marketing and distribution
function (excluding bancassurance business) during the financial year 2021-22.
12.9 Implementation of IFRS converged Indian Accounting Standards (Ind AS)

The Ministry of Corporate Affairs (MCA), Government of India has notified the Companies (Indian Accounting
Standards) Rules, 2015 on February 16, 2015. Further, a Press Release was issued by the MCA on January 18, 2016
outlining the roadmap for implementation of Indian Accounting Standards (IND AS) converged with International
Financial Reporting Standards (IFRS) for banks. As per earlier instructions, banks in India were required to comply
with the IND AS for financial statements for accounting periods beginning from April 01, 2018 onwards, with
comparatives for the periods ending March 31, 2018 or thereafter. Progressing towards IND AS, the Bank had
prepared pro forma financials as on June 30, 2017 as per extant regulatory guidelines and submitted the same to
the RBI. On April 05, 2018, the RBI had announced deferment of implementation date by one year with IND AS
being applicable to banks for accounting periods beginning April 01, 2019 onwards. In preparation for the same,
the Bank has been submitting quarterly pro-forma financials to the RBI from quarter ended June 30, 2018. On
March 22, 2019, the RBI has announced deferment of the implementation of IND AS by banks till further notice;
however, the Bank continues to submit to the RBI proforma financials on half year basis.
12.10 Payment of DICGC Insurance Premium

(` in crore)
Sr. Particulars March 31, 2022 March 31, 2021

No.
1. Payment of DICGC Insurance Premium 34.26* 31.79*
2. Arrears in payment of DICGC premium NIL NIL
*Excluding Goods and Service Tax
13 OTHER MATTERS
13.1 Disclosure of penalties imposed by RBI
During the year ended March 31, 2022, RBI had imposed penalty of ` 0.001 crore on the Bank on March 30, 2022,
for violation of the RBI guidelines on “Monitoring of Availability of Cash in ATMs,” on account of “Cash Out”, at
one of Banks ATM during the month of November 2021.
During the year ended March 31, 2021, RBI vide its letter dated October 28, 2020 had directed the Bank to pay a
penalty of ` 0.22 crore for violation of RBI guidelines, directions etc. in respect of Para Banking activities. The Bank
paid the penalty on October 29, 2020.
13.2 Corporate Social Responsibility (CSR)
The Bank was required to spend ` 9.60 crore (Previous year: ` 9.14 crore) during the financial year 2021-22
towards Corporate Social Responsibility (CSR), in accordance with Companies Act, 2013.

DCB Bank Limited
The Bank has spent an amount of ` 9.66 crore (Previous year: ` 9.15 crore) in respect of CSR activities across
the country.
None of the CSR expenditure incurred by the Bank is to entities controlled by related parties identified by the
Bank as per Accounting Standard 18, Related Party Disclosures.
The details of amount spent during FY 2021-22 towards CSR are as under:
(` in crore)
Particulars In cash Yet to be paid Total
in cash (i.e.
provision)
1) Construction/acquisition of any assets - - -
2) For purposes other than (1) above: 9.66 - 9.66
The details of amount spent during FY 2020-21 towards CSR are as under:
(` in crore)
Particulars In cash Yet to be paid Total
in cash (i.e.
provision)
1) Construction/acquisition of any assets - - -
2) For purposes other than (1) above: 9.15 - 9.15
13.3 Remuneration
a) Qualitative disclosures
Nomination and Remuneration Committee (NRC)
The Nomination and Remuneration Committee of the Board consists of Independent Directors with one
member from the Risk Management Committee of the Board.
The main mandate of the Nomination & Remuneration Committee of the Board are:
• Deciding the size and composition of the Board and appointment of persons for the same.
• Recommending to the Board a policy, relating to the remuneration for the directors, key managerial
personnel and other employees.
• Evaluation of every director’s performance and making recommendations for remuneration for Non-
Executive Directors, Senior Management and the Key Managerial Personnel (KMP) of the Bank.
• Approving the ESOP and creation, subscription and allotment of shares to the eligible employees under
this approved ESOP.
• Review appointments, promotions, demotions, terminations and review performance appraisals of
CEO, KMP and Senior Management of the Bank.
• Review and approve succession plans Board, KMP and Senior Management.
Design and Structure /Objectives of Compensation Policy
The Bank has put in place a Board approved Compensation Policy. The Bank’s objective is to maintain a
Compensation Policy that the Bank is able to attract, retain talent and motivate talent to perform at high
standards. It facilitates a performance culture in the Bank. The compensation will be risk aligned taking into
account, the long term performance of the Bank. The Compensation Policy is aligned with the statutory and
regulatory guidelines.
This Policy is applicable to all employees of the Bank including;

• Whole Time Directors (WTDs)

• Managing Director & Chief Executive Officer (MD & CEO)

• Material Risk Takers (MRTs): Material Risk Takers as defined as those employees whose actions have a
material impact on the risk exposure of the Bank.
• Risk, Compliance and Control employees
• Other categories of employees: All employees in support and other management functions including
front line employees.
Compensation structure consisting of:

i) fixed pay including perquisites, contributions towards superannuation/retiral benefits,
ii) variable pay in cash and equity linked instruments including ESOP.
Risk adjustments in remuneration
In general, the review of Risk Management framework shall be an integral part of the annual performance
review applicable to all employees. The methodologies for adjusting remuneration to risk and performance
will be consistent with the general risk management and corporate governance framework of the Bank.
A wide variety of measures of credit, market, liquidity and other risks shall be taken into consideration in
implementation of risk adjustment, such that no risks over the accepted risk appetite of the Bank are being
taken against the interest of the Bank.
Performance linked variable compensation
The Bank aims to align pay structure across levels in the annual rewards exercise (Compensation Revision)
carried out keeping the following considerations, namely performance of the bank, individual and business
unit, alignment of risks with the remuneration, encouraging rewards based on the long term contributions to
the bank, cost/ income ratio of the bank, capital adequacy ratio, employee turnover on account of increased
demand of talent in the industry and other related factors.
Malus/ Clawback clause is an integral part of the compensation Policy and is applicable as a risk adjustment/
alignment measure, wherein Malus permits the Bank to prevent vesting in full or in part of the amount of
a deferred remuneration for an employee. Clawback is an agreement between the employee and the Bank
in which the employee agrees to return previously paid or vested remuneration to the Bank. Conditions for
Malus/ Bank have been specified in the Bank’s Compensation Policy.
In alignment to the RBI Guidelines applicable from April 01, 2020, the Bank has a policy on deferral and
vesting of variable pay for applicable categories of employees as follows:
Deferral of Variable Pay: A minimum of 60% of the total variable pay shall be under deferral arrangements.
At least 50% of the cash bonus shall be deferred. However, in cases where the cash component of variable
pay is under ` 25 lakhs, deferral would not be required.
Period of Deferral Arrangement: This would be applied to both the cash and equity linked components of
the variable pay. The deferral period shall be for a minimum period of three years.
Vesting: The vesting shall be no faster than on pro-rata basis. Vesting shall not take place more frequently
than on a yearly basis to ensure a proper assessment of risks before the application of any adjustments.
Limit on Variable pay: At least 50% of the total compensation shall be variable. Variable pay shall be limited
to a maximum of 300% of the fixed pay. Where the variable pay is up to 200% of the fixed pay, a minimum
of 50% of the variable pay shall be via equity linked instruments; and in case the variable pay is above 200%,
a minimum of 67% of the variable pay shall be via equity linked instruments. In an event that an employee is

DCB Bank Limited
barred by statute/ regulation from grant of equity linked instruments, their variable pay shall be capped at
150% of the fixed pay.
b) Quantitative disclosures
(` in crore)
No. March 31, 2022 March 31, 2021
(a) Number of meetings held by the Nomination and 7 9
Remuneration Committee during the financial year
(b) Remuneration paid to the members of the Nomination 0.13 0.16
and Remuneration Committee
(c) Number of employees having received a variable 7* 6*
remuneration award during the financial year (as per
compensation policy)
(d) Number and total amount of sign-on awards made NIL NIL
during the financial year
(e) Details of guaranteed bonus, if any, paid as joining / NIL NIL
sign on bonus
(f) Details of severance pay, in addition to accrued benefits, NIL NIL
if any
(g) Total amount of outstanding deferred remuneration, Cash 2.04 Cash 1.38
split into cash, shares and share-linked instruments and Share linked
other forms instruments 3.30**
(fair value of
984,629 options)
(h) Total amount of deferred remuneration paid out in the 0.99 0.99
financial year
(i) Breakdown of amount of remuneration awards for the Fixed 15.01 Fixed 14.43
financial year to show fixed and variable, deferred and Variable 6.60* Variable 3.70*
non-deferred# -Deferred -Deferred NIL
Cash 1.65 -Non Deferred 3.70
Share linked
instruments 3.30**
-Non Deferred 1.65
No. of stock No. of stock
options granted options granted
during the financial during the financial
year – 984,629 year – 250,000
(j) Total amount of outstanding deferred remuneration 5.34 1.38
and retained remuneration exposed to ex-post explicit
and / or implicit adjustment
(k) Total amount of reductions during the financial year NIL NIL
due to ex-post explicit adjustments
(l) Total amount of reductions during the financial year NIL NIL
due to ex-post implicit adjustment
(m) Number of MRTs identified 8 8
(n) Number of cases where malus has been exercised NIL NIL
(o) Number of cases where clawback has been exercised NIL NIL
(p) Number of cases where both malus and clawback have NIL NIL
been exercised
(q) The mean pay for the bank as a whole 0.062 0.062
(excluding sub-staff)
(r) The deviation of the pay of each of its WTDs from the 5.55 5.54
mean pay.
* Pertains to FY 2020-21 paid in FY 2021-22 (Previous year: pertains to FY 2019-20 paid in FY 2020-21)

** Fair value of stock options computed using Black-Scholes options pricing model as on the grant date.
# Includes Perquisites and Contribution to Provident Fund.
13.4 Disclosure on remuneration to Non-Executive Directors
The Non-Executive Directors are paid remuneration by way of sitting fees for attending meetings of the
Board and its committees. An amount of ` 1.31 crore (Previous year: ` 1.35 crore) was paid as sitting fees to the
Non-Executive Directors during the year.
13.5 Proposed Dividend
The Board of Directors have recommended a dividend of ` 1.00 per share (10%) for the year ended March 31, 2022
subject to approval of the shareholders in the ensuing Annual General Meeting.
Considering the situation developing around Covid-19 in the country and related uncertainty that it creates,
the Board of Directors of the Bank had considered it prudent not to propose any dividend for the year ended
March 31, 2021.
13.6 Disclosure under Rule 11(e) of the Companies (Audit & Auditors) Rules, 2014
The Bank, as part of its normal business, grants loans and advances (including loans against third party deposits
or other margins / security), makes investment, provides guarantees (including against margin / guarantees
received from third parties / banks) to and accepts deposits and borrowings from its customers, other entities
and persons. These transactions are part of Bank’s normal banking finance business, which is conducted ensuring
adherence to regulatory requirements.
Other than the transactions described above
(a) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any
other sources or kind of funds) by the Bank to or in any other person(s) or entity(ies), including foreign
entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the
Intermediary shall lend or invest in other persons or entities identified by or on behalf of the Bank (“Ultimate
Beneficiaries”) or provide any guarantee, security or like on behalf of the Ultimate Beneficiaries.
(b) The Bank has not received any funds from any person(s) or entity(ies) (“Funding Party”) with the
understanding, whether recorded in writing or otherwise, that the Bank shall, whether, directly or indirectly,
lend or invest in other persons or entities identified by or on behalf of the Funding Party (“Ultimate
Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
14 Net overnight open position outstanding as on March 31, 2022 was ` 2.56 crore (Previous year: ` 0.45 crore).
15 The Bank’s pending litigations comprise of claims against the Bank by the clients and proceedings pending with
Income Tax authorities. The Bank has reviewed all its pending litigations and proceedings and has adequately
provided for where provisions are required and disclosed the contingent liabilities where applicable, in its financial
statements. The Management believes that the possibility of an outflow of resources embodying economic
benefits in these cases is possible but not probable and hence no provision is required in these cases. However,
a contingent liability has been disclosed with respect to these cases. Refer note 11.9 for details on contingent
liabilities.
16 The Bank has a process whereby periodically all long-term contracts (including derivative contracts) are assessed
for material foreseeable losses. At the year-end, the Bank has reviewed and ensured that adequate provision

DCB Bank Limited
as required under any law / accounting standards for material foreseeable losses on such long-term contracts
(including derivative contracts) has been made in the books of account.
17 Previous year’s figures have been regrouped / reclassified, wherever considered necessary, in order to make them
comparable with figures for the current year.
Pursuant to the requirements of ‘Master Direction on Financial Statements – Presentation and Disclosures’ issued
by RBI dated August 30, 2021, recoveries from written off accounts hitherto included as part of ‘Other Income’
have been classified as a credit to ‘Provision and Contingencies’ and ‘Provision for Depreciation on Investments’
hitherto classified as part of ‘Provisions and Contingencies’ have been reclassified as part of ‘Other Income’; there
is no change in the Net Profit for the period.
18 These are the notes appended to and forming part of the financial statements for the year ended March 31, 2022.
DIN-00061194 DIN-02191943 DIN-02945319

Partner Partner

Date : May 07, 2022 Date : May 07, 2022

PILLAR III DISCLOSURES UNDER THE NEW

CAPITAL ADEQUACY FRAMEWORK (BASEL III)
1. SCOPE OF APPLICATION 310,976,463 shares of `10/- each. The provisions of
the Companies Act, 2013 and other applicable laws
DCB Bank Ltd. is a scheduled commercial bank and regulations govern the rights and obligations of
which was incorporated on May 31, 1995. The Bank the equity share capital of the Bank.
has no subsidiaries.
Tier-II Capital
As on March 31, 2022, the Bank does not have
investment in any insurance entity. The Bank’s Tier II capital includes investment
reserve, investment fluctuation reserve, general
2. CAPITAL STRUCTURE provision for standard assets and subordinated
debt instruments (lower Tier II bonds) eligible for
Capital funds are classified into Tier-I and Tier-II
inclusion in Tier II capital.
capital under the capital adequacy framework.
Subordinated Debt (Lower Tier II bonds)
Tier-I Capital
As on March 31, 2022 the Bank had an outstanding
The Bank’s Tier I capital will consist of Common
subordinated debt (Unsecured Redeemable Non-
Equity Tier I and Additional Tier I capital. Common
convertible Bonds) aggregating ` 4,500 million, the
Equity Tier 1 (CET1) capital must be at least 5.5%
details of which are stated below:
of risk-weighted assets (RWAs) i.e. for credit risk +
(` million)
market risk + operational risk on an ongoing basis
Deemed Date of Coupon Tenure Equivalent
and Additional Tier I capital can be a maximum of Allotment Rate (in Amount as
1.5%, thus making total Tier I capital to be at least 7%. (% p.a.) months) on March 31,
2022
In addition to the minimum Common Equity Tier 1 17 November 2017 9.85% 120 3,000.0
capital of 5.5% of RWAs, banks are also required to 12 January 2018 9.85% 120 1,500.0
maintain a capital conservation buffer (CCB) of 2.5% Total 4,500.0
of RWAs in the form of Common Equity Tier 1 capital.
In terms of the RBI guidelines dated March 27, 2014 Composition of Capital – Tier I and Tier II
the implementation of CCB is effective from March 31, (` million)
2016 in four stages of increase by 0.625% every year. Particulars As on
RBI has deferred the implementation of last tranche March 31, 2022
of 0.625% of CCB from April 01, 2021 to October 01, 1. Tier I capital
2021. Consequently, Basel III Capital Regulations will 1.1 Paid-up share capital 3,109.8
be fully implemented as on October 01, 2021. 1.2 Reserves 35,425.7
1.3 Gross Tier I capital (1.1 + 1.2) 38,535.5
Tier-I capital includes paid-up equity capital, 1.4 Deductions 31.0
securities premium, statutory reserves, capital 1.5 Total Tier I capital (1.3 - 1.4) 38,504.5
reserves, special reserve, revaluation reserve, other 2. Tier II capital
disclosed free reserves and balance in Profit and 2.1 Subordinated Debt (Lower Tier II 4,500.0
Loss account. Profits in current financial year may bonds)
be included in Tier I based on fulfilment of certain 2.2 General Provisions 2,991.6
conditions regarding incremental provisions for non- 2.3 Gross Tier II capital (2.1 + 2.2) 7,491.6
performing assets. 2.4 Deductions -
2.5 Total Tier II capital (2.3 - 2.4) 7,491.6
Equity Capital 3. Debt capital instruments eligible for
inclusion in Upper Tier II capital
The Bank has authorised share capital of ` 5 billion 3.1 Total amount outstanding -
comprising 500,000,000 equity shares of `10/- each. 3.2 Of which amount raised during -
As on March 31, 2022 the Bank has issued subscribed the current year
and paid-up capital of ` 3.11 billion, constituting 3.3 Amount eligible to be reckoned -
as capital funds

DCB Bank Limited
Particulars As on The Bank has also implemented a Board approved

March 31, 2022 Stress Testing policy. Stress Testing involves the use
4. Subordinated debt eligible for of various techniques to assess the Bank’s potential
inclusion in Lower Tier II capital vulnerability to extreme but plausible (“stressed”)
4.1 Total amount outstanding 4,500.0 business conditions. Typically, this relates, among
4.2 Of which amount raised during - other things, to the impact on the Bank’s profitability
the current year and capital adequacy. Stress Tests are conducted on
4.3 Amount eligible to be reckoned 4,500.0 a quarterly basis on the Bank’s on and off balance
as capital funds
sheet exposures to test the impact of Credit,
5. Other deductions from capital
Liquidity risk and Interest Rate Risk in the Banking
5.1 Other deductions from capital - book (IRRBB). The stress test results are put up to
6. Total eligible capital the Risk Management Committee (RMC) of the
Board on a quarterly basis, for their review and
6.1 Total eligible capital (1.5 + 2.5) 45,996.1
guidance. The Bank periodically assesses and refines
its stress tests in an effort to ensure that the stress
3. CAPITAL ADEQUACY scenarios capture material risks as well as reflect
possible extreme market moves that could arise as a
The Bank has a process for assessing its overall result of market conditions. The stress tests are used
capital adequacy in relation to the Bank’s risk profile in conjunction with the Bank’s business plans for the
and a strategy for maintaining its capital levels. The purpose of capital planning in the ICAAP. The Bank
process ensures that the Bank has adequate capital has also implemented a Board approved separate
to support all the material risks and an appropriate Stress Testing Policy / Model for its Securitized
capital cushion. The Bank identifies, assesses and portfolio.
manages comprehensively all risks that it is exposed
to through robust risk management framework, In line with the RBI guidelines for implementing
control mechanism and an elaborate process for the New Capital Adequacy Framework under
capital calculation and planning. Basel III, the Bank has successfully migrated to the
framework from April 1, 2013. In accordance with the
The Bank has formalised and implemented RBI’s requirement, the Bank has continued to adopt
a comprehensive Internal Capital Adequacy Standardised Approach (SA) for Credit Risk and
Assessment Process (ICAAP). The Bank’s ICAAP Basic Indicator Approach (BIA) for Operational Risk
covers the capital management policy of the Bank to compute capital as on March 31, 2022. Besides
and also sets the process for assessment of the this, the Bank continues to apply the
adequacy of capital to support current and future
projections / risks. Standardised Duration Approach (SDA) for
computing capital requirement for Market Risk.
The Bank has a structured process for the RBI has prescribed banks to maintain a minimum
identification and evaluation of all risks that the CRAR of 9% with regard to credit risk, market risk
Bank faces, which may have an adverse material and operational risk on an ongoing basis. The total
impact on its financial position. The Bank considers Capital to Risk weighted Assets Ratio (CRAR) as per
the following risks as material risks it is exposed to Basel III guidelines works to 18.92% as on March 31,
in the normal course of its business and therefore, 2022 (as against minimum regulatory requirement
factors these while assessing / planning capital: of 11.50%). The Tier I CRAR stands at 15.84% as
• Credit Risk • Liquidity Risk against RBI’s prescription of 7.00%. The Bank has
followed the RBI guidelines in force, to arrive at the
• Concentration Risk • Strategy Risk
eligible capital, risk weighted assets and CRAR.
• Market Risk • Reputational Risk
• Operational Risk • Residual Risk
• Interest Rate Risk • Economy risk
in the Banking Book

Capital requirements for Credit Risk, Market Risk The Board of Directors (BOD) approves the
and Operational Risk: strategies and policies for Risk Management, based
(` million) on recommendations of the Risk Management
Particulars As on Committee (RMC) of the Board set up to focus
March 31, 2022 upon risk management issues. The RMC reviews
1. Capital requirement for Credit 18,756.8 various aspects of risk arising from the businesses
Risk undertaken by the Bank. Operating level risk
• Portfolio subject to 18,395.3 committees comprising of senior management viz.
Standardised Approach Asset Liability Management Committee (ALCO), the
• Securitization Exposures 361.5 Operational Risk Management Committee (ORCO)
2. Capital requirement for Market 397.0 and the Credit Risk Management Committee (CRMC)
Risk oversee specific risk areas. These committees in turn
• Standardised Duration provide inputs for review by the Risk Management
Approach Committee (RMC).
o Interest Rate Risk 221.2
o Foreign Exchange Risk 54.0 4.1 Risk Management Committee (RMC) of the
(Including gold) Board:
o Equity Risk 121.8
The Risk Management Committee of the Board
3. Capital requirement for 2,380.5
Operational Risk is the primary tier to oversee implementation of
• Basic Indicator Approach 2,380.5 Board approved strategies and policies, recommend
setting up of tolerance limits wherever required,
Total capital requirements 21,534.3
(1 + 2 + 3) monitor implementation of strategies and policies,
Total capital 45,996.1
as well as adherence to prescribed tolerance
limits, etc. The RMC oversees the functioning of
CRAR % 18.92 %
Executive Level Committees for risk management.
Tier-I CRAR % 15.84 %
For this purpose, the minutes of the meetings of the
Executive Level Committees are placed before RMC
4. RISK MANAGEMENT FRAMEWORK regularly. Matters relating to Credit risk are routed
through the Credit Committee of Board (CCB)
The Bank is exposed to various types of risk such which also approves individual credit exposure in
as Credit, Market, Operation, Liquidity, Interest Rate, excess of executive delegated lending authority.
Reputational, Legal and Strategic risk. The Bank
has separate and independent Risk Management 4.2 Executive Level Committees:
Department in place which oversees all types of
risks in an integrated fashion. At Executive Management level, the organisational
responsibilities for implementing and monitoring
The objective of risk management is to have Board approved strategies and policies and adhering
optimum balance between risk and return. It entails to prescribed tolerance limits etc. are as under:
the identification, measurement and management
of risks across the various businesses of the Bank. Sr. Executive Level Focus Area Chairman
Risk is managed through framework defined in No. Committee
policies approved by the Board of Directors and 1 Asset Liability All aspects of Managing
supported by an independent risk management Management Market Risk Director &
Committee management, Chief Executive
function which monitors and takes corrective action (ALCO) monitoring & Officer
so that the Bank operates within its risk appetite. The control (MD & CEO)
risk management function attempts to anticipate 2 Credit Risk All aspects Managing
vulnerabilities through quantitative or qualitative Management of Credit Risk Director &
examination of the embedded risks in various Committee management, Chief Executive
(CRMC) monitoring & Officer
activities. The Bank continues to focus on refining control (MD & CEO)
and improving its risk measurement systems. In
3 Operational Risk All aspects of Chief Risk
addition to ensuring compliance with regulatory Management Operational Risk Officer
requirements, the Bank has developed robust Committee management, (CRO)
internal systems for assessing capital requirements (ORCO) monitoring &
control
keeping in view the business objectives.

DCB Bank Limited
All the Executive Level Committees meet at least presentation of credit proposals, financial covenant,
once in a month. ALCO however meets more rating standards and benchmarks. The committee
frequently depending upon market conditions. also oversees compliance with Pillar 2 requirements
under Basel III such as ICAAP and Stress Test.
Board of
The Bank has implemented RAM rating model of
Directors
CRISIL which is being used to assess the credit
rating of all business loans exceeding ` 10 million.
Risk Management The rating serves as a single point indicator of the
diverse counterparty risk for taking credit decision.
Committee (RMC) of
The rating migration is monitored on regular interval.
the Board
The Bank has a well-developed credit monitoring
system to monitor the health of the loan accounts
MD & CEO and to detect the delinquencies at the initial
(Chairman) stage. A separate department independent of
the business units is monitoring the transactions
in all the Corporate, Agri and Inclusive Banking
CRO
(AIB), SME and MSME exposures with credit limits
exceeding ` 10 million with a view to detect any
early warning signals.
Credit Risk Asset Liability Operational The Bank adopts an integrated approach to credit
Management Management Risk risk management, which encompasses:
Committee Committee Management
• Establishment and articulation of corporate priorities
(CRMC) (ALCO) Committee
• Institution and inculcation of an appropriate credit
Note: Information Security is a part of Operational Risk culture
– IT and reports to the Chief Risk Officer, who in turn • Determination of specific credit risk strategy and
reports to the MD & CEO. profile
• Implementation of appropriate credit risk controls
• Monitoring the effectiveness of credit risk controls..
5. CREDIT RISK
Though the Bank has implemented the Standardized
5 (a) Credit risk is defined as the possibility of losses approach for regulatory capital measurement for
associated with diminution in the credit quality of credit risk, the necessary steps for implementing
borrowers or counterparties. In a bank’s portfolio, Internal Rating Based Approach have been initiated.
losses stem from outright default due to inability
or unwillingness of a customer or counterparty to 5.a.ii Credit Strategy and Risk Profile:
meet commitments in relation to lending, trading,
The Bank adopts a credit risk strategy and risk
settlement and other financial transactions. appetite, which is in line with its risk taking ability
to ensure conservation and growth of shareholder
The Bank adopts the definition of ‘past due’ and funds, with a proper balance between risk and
‘impaired credits’ (for accounting purposes) as defined reward. Financial resources are allocated to best
by Reserve Bank of India under Income Recognition, optimise the risk reward ratio.
Asset Classification and Provisioning (IRAC) norms
There is a clearly articulated definition of acceptable
(vide RBI Master Circular dated July 1, 2015)..
credit risk, based upon:
5.a.i Credit Risk Management: • Identification of target markets/segments
• Establishing of characteristics of desirable
Credit Risk Management Committee (CRMC) customers within the target market
headed by MD & CEO is the top level functional • Assessing whether adequate resources are
committee for managing credit risk. The committee
available to support the business
is responsible for implementation of Credit Risk
Management policy approved by the Bank’s Board. • Ensuring that all economic and regulatory
The committee considers and takes decision requirements are complied with
necessary to manage and control credit risk within • Ensuring that the portfolio is consistent with
the overall quantitative prudential limits approved the Bank’s strategy and objectives especially in
by the Bank’s Board. The committee is entrusted relation to risk concentration, maturity profile and
with the responsibilities to formulate standards for liquidity management.

5.a.iii Credit Risk Controls: Bank’s stated key priorities. There is a commitment
to training and upgrading of staff skills. Strong
Credit risk controls focus on identification, ‘ownership’ of exposures is encouraged, through
measuring, monitoring and managing the assumed
rewards as well as strong accountability.
risks and include:
• A documented credit policy and credit risk 5 (b) Total gross credit risk exposure as on
management policy March 31, 2022:
• Approval process with delegated authorities (` million)
• Asset quality and risk rating system and its
Category Exposure
verification
• Effective loan disbursement mechanism to Fund based1 3,26,332.0
minimise the legal risk Non fund based 2
15,354.3
• Effective loan administration to ensure past-due Total 3,41,686.3
management and bad loan detection
• A loan review mechanism Note:
• Portfolio management tools to manage portfolio
1.
Fund based credit exposure excludes Cash in
risks hand, Balance with RBI, SLR investments, deposits
placed NABARD, SIDBI & NHB, Fixed and Other
Management of credit risk is at three levels: assets.
2.
Non-fund based exposure includes outstanding
• Strategic or Portfolio level, so as to ensure that no
Letter of Credit, Acceptances and Bank Guarantee
single event can have a significant adverse impact
exposures.
• Established credit policy to have a minimum
Exposures reported above include limits or
standard for assuming risk
outstanding whichever is higher, for other than term
• Reliance on the competence of trained staff to
loans and NPAs. In case of terms loans and NPAs,
make sound credit decisions..
the outstanding amount has been considered for
There is a clear separation in functional this purpose.
responsibilities between:
5 (c) Geographical distribution of exposures as on
• Origination and sales March 31, 2022:
• Credit assessment and approvals (` million)
• Post- sanction loan administration and
Category Domestic Overseas
• Credit Risk Management.
Fund based 3,26,332.0 -
The Bank relies upon formal and
Non fund based 15,354.3 -
conventional risk assessment, viz.:
Total 3,41,686.3 -
• The ability and willingness of borrowers to repay
• Dependence primarily on cash flows for repayment
with security taken to provide a secondary source 5 (d) Industry type distribution of exposures as on
of repayment March 31, 2022:
• Quality of data and analysis thereof forms the (` million)
basis of assessment and not external reputation
Industry Fund Non Fund Total %
or unsubstantiated beliefs Based Based
• Rational assessment of probability of default and Retail Loans 1,05,534.9 603.6 1,06,138.5 31.06%
assessment of ‘Worst Case Scenario’
Housing Loans 66,222.1 2.5 66,224.6 19.38%
• Transparency and communication of all relevant
Auto Loans 76.3 - 76.3 0.02%
facts (negative as well as positive) necessary for
making an informed credit decision Personal Loan 459.7 - 459.7 0.13%
• Documentation of all assessment, rationale and Other Loans 38,599.5 601.1 39,200.7 11.47%
(Gold Loans,
decisions. Loans against
Know Your Customers ’KYC’ forms the bedrock of deposits & Shares
etc.)
initiating and sustaining any relationship.
Staff Loans 177.2 - 177.2 0.05%
The Bank’s selection of personnel and systems
of rewarding performance is aligned to meet the

DCB Bank Limited
Industry Fund Non Fund Total % Industry Fund Non Fund Total %
Based Based Based Based
Trade 67,168.3 826.1 67,994.4 19.90% Gems & Jewellery 2,603.7 300.0 2,903.7 0.85%
Trade - Retail 46,187.5 152.6 46,340.2 13.56% Chemical & 2,414.0 287.8 2,701.8 0.79%
Chemical Products
Trade - Wholesale 20,980.8 673.5 21,654.3 6.34%
Capital Market 171.5 1,630.0 1,801.5 0.53%
Agriculture 36,877.4 136.1 37,013.5 10.83% (including Brokers)
NBFC 23,537.4 369.9 23,907.3 7.00% Travels & Tourism 1,768.8 20.2 1,789.0 0.52%
NBFC - HFC 5,553.1 365.0 5,918.1 1.73% Real Estate 1,649.6 65.8 1,715.4 0.50%
Activities incl. Lease
NBFC - 3,378.9 - 3,378.9 0.99%
Rent Discounting
Investment and
Credit Company Paper & Paper 929.8 153.8 1,083.6 0.32%
(AFC) Products
NBFC - Others 14,605.4 4.9 14,610.3 4.28% Wood & Wood 1,043.0 1.0 1,044.0 0.31%
Products
Miscellaneous 19,432.8 156.9 19,589.8 5.73%
Services Finance (Others) 687.2 190.1 877.3 0.26%
of which Retail 19,158.9 - 19,158.9 5.61% IT & related 752.1 93.2 845.3 0.25%
Business Loans
Cement & Cement 737.4 6.6 744.0 0.22%
Construction 16,747.1 2,487.5 19,234.5 5.63% Products
incl. Residential
Housing Other 706.6 25.0 731.6 0.21%
Manufacturing
Residential 10,968.7 55.5 11,024.2 3.23%
Constructions Rubber, Plastic & 639.2 59.7 698.9 0.20%
their Products
Construction 3,053.3 1,203.2 4,256.5 1.25%
Contractors Renting of 637.1 15.0 652.1 0.19%
equipments
Construction 2,725.0 1,228.7 3,953.8 1.16%
Others Vehicles, Vehicle 621.5 1.0 622.5 0.18%
Parts & Transport
Logistics 16,397.2 335.2 16,732.5 4.90% Equipments
Logistics - 14,619.4 86.1 14,705.5 4.30% Mining & Quarrying 468.1 - 468.1 0.14%
Transport
Operators( Petroleum, Coal 272.8 150.0 422.8 0.12%
includes CV loans) Products & Nuclear
fuels
Logistics - Others 1,777.8 249.2 2,027.0 0.59%
Beverages (Excl. 269.1 - 269.1 0.08%
Infrastructure 5,934.1 1,408.1 7,342.2 2.15% Tea & Coffee) and
(Including Energy, Tobacco
Telecommunications,
Water & Sanitation Leather & Leather 190.6 4.6 195.2 0.06%
and Social & Products
Commercial Infra)
Glass & Glassware 62.5 - 62.5 0.02%
Textiles 6,715.7 66.1 6,781.8 1.98%
Residual 282.1 2,463.8 2,745.8 0.80%
All Engineering 4,194.7 1,963.8 6,158.6 1.80%
Grand Total 3,26,332.0 15,354.3 3,41,686.3 100.00%
Basic Metal & Metal 3,245.4 1,212.6 4,457.9 1.30%
Products
Food Processing 3,640.4 320.7 3,961.1 1.16%

5 (e) Residual contractual maturity breakdown of assets as on March 31, 2022

(` million)
Assets Next 2-7 8-14 15-30 31 days to 2 months 3 Months 6 Months 1-3 Years 3-5 Years Above 5 TOTAL
Day Days Days days 2 months -3 months -6 Months -1 Year Years
Cash 1,918.0 - - - - - - - - - - 1,918.0
Balance with 1,620.1 337.1 466.9 485.6 548.8 1,491.5 2,342.9 2,997.7 3,356.7 77.9 131.8 13,857.0
RBI
Balances 493.0 19,455.6 1,500.0 3,652.7 - - - 1.9 29.4 - - 25,132.6

with Other
Banks
Investments 20,868.7 743.0 - 620.3 5,582.4 - 3,210.0 22,533.5 33,977.7 2,120.0 1,326.7 90,982.3
Net 800.2 5,469.3 3,976.1 5,129.6 9,588.4 8,969.6 11,374.9 22,180.0 1,05,158.0 28,954.1 89,357.5 2,90,957.7
Advances
Fixed Assets - - - - - - - - - - 6,611.8 6,611.8
Other Assets 132.5 63.8 157.4 436.2 904.8 382.1 681.9 1,168.2 6,483.6 1,635.7 6,895.8 18,942.0
(net)
Total 25,832.5 26,068.8 6,100.4 10,324.4 16,624.4 10,843.2 17,609.7 48,881.3 1,49,005.4 32,787.7 1,04,323.6 4,48,401.4
5 (f) Advances and Provisions: Particulars As on

(` million) March 31, 2022
Particulars As on (f) Amount of Non- -
March 31, 2022 Performing Investments
(a) Amount of NPAs (Gross) 12,899.3 (g) Amount of provisions -
i. Substandard 6,712.3 held for non-performing
ii. Doubtful 1 3,574.2 investments
iii. Doubtful 2 2,270.9 (h) Movement of depreciation
on investments
iv. Doubtful 3 307.8
i. Opening balance (as on 186.9
v. Loss 34.2 March 31, 2021)
(b) Net NPAs 5,732.3 ii. Add: Provision made 121.4
(c) NPA Ratios during the year
i. Gross NPAs to gross 4.32 % iii. Less: Write-off/ 150.3
advances (%) write-back of excess
ii. Net NPAs to Net 1.97 % provision during
Advances (%) the year (including
(d) Movement of NPAs depreciation utilised on
(Gross) the sale of securities)
i. Opening balance (as on 10,834.4 iv. Closing balance 158.0
March 31, 2021)
6. CREDIT RISK: Disclosures for portfolio subject to
ii. Additions during the 17,719.1 the Standardised Approach
year
iii. Reductions during the 15,654.2 6 (a) The Bank has used the ratings of the following
year domestic external credit rating agencies (arranged in
iv. Closing balance 12,899.3 alphabetical order) for the purposes of risk weighting
(e) Movement of provisions their claims for capital adequacy purposes:
for NPAs (excluding a. Acuite Ratings & Research Ltd
provision on Standard b. Brickwork Ratings India Pvt. Limited (Brickwork)
Assets)
c. CARE Ratings Limited
i. Opening balance (as on 4,892.9
d. CRISIL Limited
March 31, 2021)
e. ICRA Limited
ii. Provision made during 6,190.6
f. India Ratings and Research Private Limited
the year
(India Ratings) and
iii. Write-off / write-back 3,916.5
g. Infomerics Valuation and Rating Private Limited
of excess provisions
iv. Closing balance 7,167.0

DCB Bank Limited
International credit rating agencies (arranged For exposure amounts after risk mitigation subject
in alphabetical order) for the purposes of risk to the standardised approach, amount of a Bank’s
weighting their claims for capital adequacy purposes outstanding (rated and unrated) in the following
where specified: three major risk buckets as well as those that are
a. Fitch; deducted as on March 31, 2022 are as follows:
b. Moody’s; and (` million)
c. Standard & Poor’s Particulars Fund Non fund
based based
6 (b) A description of the process used to transfer
Below 100% risk weight 2,17,839.3 8,496.2
public issuer ratings onto comparable assets in the
banking book: 100% risk weight 80,130.7 1,004.9
• Bank has used short term ratings for assets with More than 100% risk weight 28,362.0 5,853.
maturity upto one year and long-term ratings for Total 3,26,332.0 15,354.3
assets maturing after one year as accorded by the
approved external credit rating agencies.
• Bank has not cherry picked ratings. Bank has not 7. CREDIT RISK MITIGATION: Disclosures for
used one rating of a CRA (Credit Rating Agency) Standardised Approach
for one exposure and another CRA’s rating for
another exposure on the same counterparty unless 7 (a) The Bank has adopted Credit Risk Mitigation
only one rating is available for a given exposure. (CRM) Techniques and Collateral Management
• Notwithstanding the repayable on demand (CM) guidelines issued by RBI under Master
condition, cash credit exposures have been circular – Prudential guidelines on capital Adequacy
subjected to Long-term rating. and Market Discipline – New Capital Adequacy
• If an issuer has a long term external credit rating Framework (NCAF) (vide RBI Master Circular dated
that warrants RW (Risk Weight) of 150%, all July 01, 2015).
unrated exposures on the same issuer whether
Bank has utilised credit risk mitigation in the case of
long or short is assigned the same 150% RW unless
Bank’s own deposits, Kisan Vikas Patra, LIC policies,
mitigated by recognised Credit Risk Mitigation
National Saving Certificate and gold, wherever the
(CRM) techniques.
collateral is identifiable, marketable and enforceable
• Bank has used only solicited rating from the
and complies with RBI requirements. Sovereign
recognised CRAs. In case the issuer has multiple
exposures and Sovereign guaranteed exposures are
ratings from CRAs, the Bank has a policy of
risk weighted as per RBI directives.
choosing (if there are two or more ratings) lower
rating. The general principles applicable for use of credit
• Where RW associated with the rating by a CRA risk mitigation techniques are as under:
for a specific investment instrument is lower than
i. No transaction in which Credit Risk Mitigation
one corresponding to unrated exposure, but the
(CRM) techniques are used has been assigned
Bank’s exposure is not in that instrument but
higher capital requirement than as otherwise
some other debt, the RW for the rated exposure
identical transaction where such techniques
has been applied to Bank’s unrated exposure
are not used.
provided the latter ranks pari-passu or senior to
the specific rated exposure and the maturity of ii. The Bank has taken care to see that effects of
Bank’s claim is not later than the rated exposure. CRM are not double counted. To ensure this no
• If either the issuer or a single issue has been rated additional supervisory recognition of CRM for
warranting RW equal or higher than unrated regulatory capital purposes are made available
claim, a claim on the same issuer which is unrated on claims for which an issue-specific rating is
but ranks pari-passu or subordinate to the rated used that already reflects that CRM.
exposure has been assigned the same RW as iii. Principal-only ratings will not be allowed within
applicable to the rated exposure. the CRM framework. The rating should cover
• No recognition of CRM technique has been taken principal and interest.
into account in respect of a rated exposure if Bank has therefore put in place robust
that has already been factored by the CRA while procedures and processes to control these
carrying out the rating. risks, including strategy, consideration of
the underlying credit, valuation, policies and

procedures systems, control of roll-off risks, and Private Limited (India Ratings) A3/ICRA A3/
management of concentration risk arising from Brickwork A3/Acuite A3 by a chosen Credit
the use of CRM techniques and its interaction Rating Agency; and
with the Bank’s overall credit risk profile.
e) the bank holding the securities as collateral
7 (b) Eligible Financial Collateral: has no information to suggest that the issue
justifies a rating below BBB(-) or CARE A3/
The following collateral instruments are eligible for CRISIL A3/ India Ratings and Research Private
recognition in the comprehensive approach: -
Limited (India Ratings) A3/ICRA A3/Brickwork
i. Cash (as well as certificates of deposit or comparable A3/Acuite A3 (as applicable) and;
instruments, including fixed deposit receipts, issued
by the lending bank) on deposit with the bank which f) Banks should be sufficiently confident about
is incurring the counterparty exposure. the market liquidity of the security.
ii. Gold: Gold would include both bullion and jewellery. viii. Units of Mutual Funds regulated by the securities
However, the value of the collateralized jewellery regulator of the jurisdiction of the bank’s operation
should be arrived at after notionally converting
mutual funds where:
these to 99.99 purity.
a) a price for the units is publicly quoted daily
iii. Securities issued by Central and State Governments
i.e., where the daily NAV is available in public
iv. Kisan Vikas Patra and National Savings Certificates domain; and
provided no lock-in period is operational and if they
can be encashed within the holding period. b) Mutual fund is limited to investing in the
instruments listed in this paragraph.
v. Life insurance policies with a declared surrender
value of an insurance company which is regulated ix. Re-securitisations, irrespective of any credit ratings,
by an insurance sector regulator.
are not eligible financial collateral.
vi. Debt securities rated by a chosen Credit Rating (` million)
Agency in respect of which banks should be Particular As on
sufficiently confident about the market liquidity
March 31, 2022
where these are either:
Total exposure covered by 53,754.2
a) Attracting 100 per cent or lesser risk weight eligible financial collateral after
i.e., rated at least BBB(-) when issued by public
application of applicable haircuts
sector entities and other entities (including
banks and Primary Dealers); or Total exposure covered by -
guarantees/credit derivatives
b) Attracting 100 per cent or lesser risk weight
i.e., rated at least CARE A3/ CRISIL A3/ India 8. SECURITIZATION EXPOSURES
Ratings and Research Private Limited (India
Ratings) A3/ICRA A3/Brickwork A3/ Acuite As per RBI guidelines on Securitization exposure,
A3 for short-term debt instruments. Investments by banks in securitized assets,
representing loans to various categories of priority
vii. Debt Securities not rated by a chosen Credit sector, except ‘others’ category, are eligible for
Rating Agency in respect of which banks should classification under respective categories of
be sufficiently confident about the market liquidity priority sector lending (PSL) depending on the
where these are: underlying assets.
a) issued by a bank; and In the Financial Year 2021-22, the Bank has
made investments in securitized assets by way
b) listed on a recognized exchange; and of Pass Through Certificates, aggregating to
` 11,595.1 million, the outstanding of this as on March
c) classified as senior debt; and 31, 2022 was ` 8,291.2 million.
d) all rated issues of the same seniority by the The following table sets forth the details of
issuing bank are rated at least BBB(-) or CARE investments in Pass Through Certificates
carried out by the Bank and their position as on
A3/ CRISIL A3/ India Ratings and Research
March 31, 2022.

DCB Bank Limited
(` million) independent control over the process of market risk

management and recommends changes in processes
Financial Original Outstanding at and methodologies for measuring Market Risk.
Year Investment March 31, 2022
2017-18 997.5 116.3 Strategies and processes:
2018-19 549.9 105.1 To comply with the regulatory guidelines and to
2019-20 2,599.5 592.2 have independent control groups there is clear
functional separation of:
2020-21 11,020.5 3,300.4
• Trading (Front office)
2021-22 11,595.1 8,291.2
• Monitoring and control (Middle office) and
Total 26,762.5 12,405.3
• Settlements (Back office)
9. MARKET RISK IN TRADING BOOK

The strategy/guidelines for controlling
Market risk refers to the uncertainty of future market risk include:
earnings resulting from changes in interest • Direct involvement of experienced line management
rates, foreign exchange rates, market prices and
volatilities. The Bank assumes market risk in its • Stringent controls and limits
lending and deposit taking businesses and in its • Strict segregation of front, middle and back office
investment activities, including position taking and duties
trading. The market risk is managed in accordance
with the investment policies, which are approved • Comprehensive periodical reporting of positions
by the Board. These policies ensure that operations • Regular independent reviews of all controls
in securities, foreign exchange and derivatives are and limits
conducted in accordance with sound and acceptable
business practices and are as per the extant • Rigorous testing and auditing of all pricing,
regulatory guidelines, laws governing transactions trading and risk management
in financial securities and the financial environment.
Market Risk in Trading Book is assessed as per the
The scope and nature of risk reporting and
Standardised Duration approach. The capital charge measurement systems:
for Held for Trading (HFT) and Available for Sale
(AFS) portfolios is computed as per Reserve Bank Reporting:- The Bank periodically reports on the
of India prudential guidelines. various investments and their related risk measures
to the senior management and the committees of
Market risk management objectives: the Board. The Bank also periodically reports to its
regulator in compliance with regulatory requirements.
The objectives of market risk management are
as follows:
Measurement:- The Bank has devised various
• Management of liquidity risk metrics for measuring market risk. These are
• Management of interest rate risk and exchange reported to Asset Liability Management Committee
rate risk. by Market Risk Management Department. Some of
the risk metrics adopted by the Bank for monitoring
• Proper classification and valuation of investment
its risks are Value-at-Risk, Earnings at Risk, Modified
portfolio
Duration, Stop Loss limits amongst others.
• Adequate and proper reporting of investments
and derivative products Capital requirements for market risk
• Compliance with regulatory requirements (` million)
Particulars As on

Structure and organisation of the market
March 31,
risk management function:
2022
The Board, through Risk Management Committee, • Interest Rate Risk 221.2
approves the policies with regard to identification, • Foreign Exchange Risk 54.0
measurement and control of market risks (Interest (Including gold)
Rate Risk and Foreign Exchange Risk) and Liquidity
• Equity Risk 121.8
Risk. Market Risk department is an independent
function. The Market Risk Department exercises Capital requirement for Market Risk 397.0

10. OPERATIONAL RISK quantitative and qualitative steps in view of moving

towards advanced approaches as prescribed by RBI.
Operational risk is defined as the risk of loss resulting
from inadequate or failed internal processes, people Capital requirement for operational risk as per Basic
and systems or from external events. Operational Indicator Approach (BIA) as on March 31, 2022 is
risk includes legal risk but excludes strategic and ` 2,380.5 million.
reputation risks.
11. INTEREST RATE RISK IN BANKING BOOK
The Bank has put in place a Board approved
Operational Risk Management Policy which outlines Interest Rate Risk in the Banking Book
overall framework for management of Operational (IRRBB):
Risk. The Bank has identified Key Operational Risk
Indicators (KORIs) across various units, which are Interest rate risk is the potential change in Net
measured, monitored regularly and reported to Interest Income (NII) or Economic Value of Equity
Operational Risk Management Committee (ORCO) (Balance Sheet impact), caused by unexpected
on monthly basis. The Bank has a robust system of changes in market interest rates. Since NII or Net
reporting Operational Risk events across various Interest Margin (NIM) of Bank is dependent on the
units through identified Operational Risk Officers, movements of interest rates, any mismatches or
who are given adequate training to identify and gaps in the cash-flows on re-pricing dates exposes
report such events as and when they occur. The Bank’s NII or NIM to interest rate risk. Interest Rate
Bank has a very effective system of recording and Risk in Banking Book results from an unavoidable
reporting operational losses booked. The Bank position or gap arising from Bank’s normal day to
also collects qualitative data on self-assessment of day business by holding assets and liabilities in
operational risk faced by various units through Risk different maturities and different re-pricing dates.
Control Self-Assessment (RCSA) exercise.
Risk management framework and monitoring:
The Bank has implemented Periodic Risk
Identification and Controls Evaluation (PRICE) The Board of the Bank, through Risk Management
system with a view to develop policy framework Committee (RMC), has overall responsibility for
for identification and documented plan to mitigate management of risks and it sets limits and policies
various risks in the Bank. The PRICE system is for management of liquidity risk, market risk
expected to provide a robust overview of various including foreign exchange, interest rate and equity
risks being identified proactively that remain un- risk. The Asset Liability Management Committee
mitigated. The PRICE system is pivotal in continuous (ALCO), a strategic decision making body
assessment of our risk and control environment and constituted by Board, headed by Managing Director
prioritise our remedial efforts based on risk/impact. and comprising of senior executives of the Bank is
responsible for deciding the mix and maturity profile
The Bank manages Operational Risk by way of
of the assets and liabilities, recommendation of risk
adopting best practices in processes as well as
policies, setting up of prudential limits to manage
products. All the new and existing process are
the risks and ensuring compliance with the limits set
subjected to rigorous review by Management
by the Board. The ALM policy of the Bank includes
Committee for Approval of Process (MCAP),
the prudential limits on interest rate risk, liquidity
which comprises of senior management personnel
risk, foreign exchange risk and equity risk.
with diversified experience in banking. Utmost
importance is given on communication and Market Risk Management Department is responsible
understanding of processes at transactional level for monitoring the limits laid down in the ALM Policy
and compliance to same are monitored through through various reports. These reports are prepared
effective internal audits. at regular intervals and exceptions/deviations are
reported to the ALCO/RMC, as may be required by
The Bank understands the criticality of business
the ALM policy.
continuity in the event of any undesirable /
unforeseen incident and has put in place an
Risk measurement and reporting framework:
exhaustive Business Continuity Plan (BCP) in
place which is subject to periodic drills. The Bank As a part of its regular activities, ALCO manages
has robust Information Technology set up with the impact of the interest rate risk in banking book,
Disaster Recovery (DR) site for critical functions through various limits, reports and tools such
and backups. Further there is a strict adherence to as interest rate sensitive gaps, Earnings at risk
Information Security Policy across the Bank. analysis, duration gap analysis, stress testing, etc.
detailed as follows:
As per the mandate from RBI, the Bank is following
the Basic Indicator Approach (BIA) for assessment
of Operational Risk Capital. The Bank has taken

DCB Bank Limited
Interest rate sensitivity gap: i) Impact on NII:

(` million)
The interest rate gap risk, at any given date, is the
Currency Changes in interest rates (in bps)
risk arising from the mismatches in the assets and
liabilities over the different time intervals. These (100) (50) 50 100
mismatches or gaps are arrived at after matching
rate sensitive assets and rate sensitive liabilities in INR (637.8) (318.9) 318.9 637.8
the particular time bucket taking into account all USD (60.3) (30.2) 30.2 60.3
assets and liabilities (including off Balance Sheet JPY 0.0 0.0 0.0 0.0
exposure). The rate sensitive assets and liabilities are
GBP 0.4 0.2 (0.2) (0.4)
grouped in the buckets as per the residual maturity
or re-pricing date, whichever is earlier and is reported EUR 0.1 0.1 (0.1) (0.1)
on monthly basis. The gap indicates whether net Total (697.6) (348.8) 348.8 697.6
interest income is positively or negatively impacted
by a change in interest rates and the magnitude of ii) Impact on economic value of equity:
the gap approximates the change in net interest (` million)
income for any given interest rate shift. Limits are Changes in interest rates (in bps)
fixed on individual gaps.
Currency (100) (50) 50 100
Earnings at Risk Analysis (EaR): INR 3,143.8 1,571.9 (1,571.9) (3,143.8)
* No major exposure in foreign currencies
The gaps in the report indicates whether the Bank is
in a position to benefit from rising interest rates by 12. General disclosures for exposures related to
having a positive gap (RSA > RSL) or whether it is counterparty credit risk
in a position to benefit from declining interest rates
by a negative gap (RSL >RSA). The Bank monitors Counterparty exposure
the Earnings at Risk on NII for 1% change in interest
rates on the open periodic gaps. Counterparty credit risk in case of derivative
contracts arises from the forward contracts. The
Stress testing: subsequent credit risk exposures depend on the
value of underlying market factors (e.g., interest
The Bank measures the impact on NIM/ EaR after
taking into account various possible movement rates and foreign exchange rates), which can be
in interest rates across tenor and impact on the volatile and uncertain in nature. The Bank does not
earnings is calculated for each of these scenarios. enter into derivative transactions other than forward
These reports are prepared on a quarterly basis for transactions.
measurement of interest rate risk.
Credit limits
Duration gap analysis:
The credit limit for counterparty bank is fixed based
Movement in the interest rates also have a long-term on their financial performance as per the latest
impact on the market value of equity of the Bank, as
audited financials. Various financial parameters
the economic value of the Bank’s assets, liabilities and
off-Balance Sheet positions get affected. Duration is a such as NPA ratios, liquidity ratios, etc are taken
measure of interest rate sensitivity of assets, liabilities into consideration while assigning the limit. Credit
and also equity. It may be defined as the percentage exposure is monitored daily to ensure it does not
change in the market value of an asset or liability exceed the approved credit limit. These credit limits
(or equity) for a given change in interest rates. Thus are set on the notional exposure basis.
Duration Gap Analysis measures by how much the
market value of equity of a firm would change for the Credit exposures on forward contracts
possible change in the interest rates.
The Bank enters into the forward contracts in
The following tables show the impact on NII and
the normal course of business for positioning
economic value of equity for a given change in the
interest rates. The impact is calculated assuming and arbitrage purposes, as well as for our own
parallel shifts in the yield curve across all time risk management needs, including mitigation of
buckets. interest rate and foreign currency risk. Derivative
exposures are calculated according to the current
exposures method.

Credit exposure as on March 31, 2022

(` million)
Notional Amount Gross positive fair value of Potential future exposure Total credit exposure
contracts
Forward contracts 17,782.7 68.1 355.7 423.7
DF-11: Composition of Capital

(` million)
Common Equity Tier 1 capital: instruments and reserves Ref No.

1 Directly issued qualifying common share capital plus related stock surplus 16,785.82 A=a1+a2
(securities premium)
2 Retained earnings 10,761.73 B=b1-b2
3 Accumulated other comprehensive income (and other reserves) 10,987.94 C=c1+c2+c3+c4-
c5+c6
4 Directly issued capital subject to phase out from CET1 (only applicable to -
non-joint stock companies)
5 Common share capital issued by subsidiaries and held by third parties -
(amount allowed in group CET1)
6 Common Equity Tier 1 capital before regulatory adjustments 38,535.49
Common Equity Tier 1 capital: regulatory adjustments
7 Prudential valuation adjustments 31.00
8 Goodwill (net of related tax liability) -
9 Intangibles (net of related tax liability) -
10 Deferred tax assets -
11 Cash-flow hedge reserve -
12 Shortfall of provisions to expected losses -
13 Securitisation gain on sale -
14 Gains and losses due to changes in own credit risk on fair valued liabilities -
15 Defined-benefit pension fund net assets -
16 Investments in own shares (if not already netted off paid-in capital on -
reported balance sheet)
17 Reciprocal cross-holdings in common equity -
18 Investments in the capital of banking, financial and insurance entities that -
are outside the scope of regulatory consolidation, net of eligible short
positions, where the bank does not own more than 10% of the issued share
capital (amount above 10% threshold)
19 Significant investments in the common stock of banking, financial and -
insurance entities that are outside the scope of regulatory consolidation,
net of eligible short positions (amount above 10% threshold)
20 Mortgage servicing rights (amount above 10% threshold) -
21 Deferred tax assets arising from temporary differences (amount above 10% -
threshold, net of related tax liability)
22 Amount exceeding the 15% threshold -
23 of which: significant investments in the common stock of financial entities -

DCB Bank Limited
24 of which: mortgage servicing rights -

25 of which: deferred tax assets arising from temporary differences -
26 National specific regulatory adjustments (26a+26b+26c+26d) -
26a of which: Investments in the equity capital of unconsolidated insurance -
subsidiaries
26b of which: Investments in the equity capital of unconsolidated non-financial -
subsidiaries
26c of which: Shortfall in the equity capital of majority owned financial entities -
which have not been consolidated with the bank
26d of which: Unamortised pension funds expenditures -
27 Regulatory adjustments applied to Common Equity Tier 1 due to insufficient -
Additional Tier 1 and Tier 2 to cover deductions
28 Total regulatory adjustments to Common equity Tier 1 31.00
29 Common Equity Tier 1 capital (CET1) 38,504.49
Additional Tier 1 capital: instruments
30 Directly issued qualifying Additional Tier 1 instruments plus related stock -
surplus (securities premium) (31+32)
31 of which: classified as equity under applicable accounting standards -
(Perpetual Non-Cumulative Preference Shares)
32 of which: classified as liabilities under applicable accounting standards -
(Perpetual debt Instruments)
33 Directly issued capital instruments subject to phase out from Additional -
Tier 1
34 Additional Tier 1 instruments (and CET1 instruments not included in row 5) -
issued by subsidiaries and held by third parties (amount allowed in group
AT1)
35 of which: instruments issued by subsidiaries subject to phase out -
36 Additional Tier 1 capital before regulatory adjustments -
Additional Tier 1 capital: regulatory adjustments
37 Investments in own Additional Tier 1 instruments -
38 Reciprocal cross-holdings in Additional Tier 1 instruments -
39 Investments in the capital of banking, financial and insurance entities that are -
outside the scope of regulatory consolidation, net of eligible short positions,
where the bank does not own more than 10% of the issued common share
capital of the entity (amount above 10% threshold)
40 Significant investments in the capital of banking, financial and insurance -
entities that are outside the scope of regulatory consolidation (net of
eligible short positions)
41 National specific regulatory adjustments (41a+41b) -
41a of which: Investments in the Additional Tier 1 capital of unconsolidated -
insurance subsidiaries
41b of which: Shortfall in the Additional Tier 1 capital of majority owned financial -
entities which have not been consolidated with the bank

42 Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier -

2 to cover deductions
43 Total regulatory adjustments to Additional Tier 1 capital -
44 Additional Tier 1 capital (AT1) -
45 Tier 1 capital (T1 = CET1 + AT1) (29 + 44) 38,504.49
Tier 2 capital: instruments and provisions
46 Directly issued qualifying Tier 2 instruments plus related stock surplus 4,500.00 d
47 Directly issued capital instruments subject to phase out from Tier 2 -
48 Tier 2 instruments (and CET1 and AT1 instruments not included in rows 5 -
or 34) issued by subsidiaries and held by third parties (amount allowed in
group Tier 2)
49 of which: instruments issued by subsidiaries subject to phase out -
50 Provisions 2,991.56 E=e1+e2+e3-e4
51 Tier 2 capital before regulatory adjustments 7,491.56
Tier 2 capital: regulatory adjustments
52 Investments in own Tier 2 instruments -
53 Reciprocal cross-holdings in Tier 2 instruments -
54 Investments in the capital of banking, financial and insurance entities that are -
outside the scope of regulatory consolidation, net of eligible short positions,
where the bank does not own more than 10% of the issued common share
capital of the entity (amount above the 10% threshold)
55 Significant investments in the capital banking, financial and insurance -
entities that are outside the scope of regulatory consolidation (net of
eligible short positions)
56 National specific regulatory adjustments (56a+56b) -
56a of which: Investments in the Tier 2 capital of unconsolidated subsidiaries -
56b of which: Shortfall in the Tier 2 capital of majority owned financial entities -
which have not been consolidated with the bank
57 Total regulatory adjustments to Tier 2 capital -
58 Tier 2 capital (T2) 7,491.56
59 Total capital (TC = T1 + T2) (45 + 58) 45,996.05
60 Total risk weighted assets (60a + 60b + 60c) 2,43,128.23
60a of which: total credit risk weighted assets 2,08,408.81
60b of which: total market risk weighted assets 4,963.01
60c of which: total operational risk weighted assets 29,756.41
Capital ratios and buffers
61 Common Equity Tier 1 (as a percentage of risk weighted assets) 15.84%
62 Tier 1 (as a percentage of risk weighted assets) 15.84%
63 Total capital (as a percentage of risk weighted assets) 18.92%
64 Institution specific buffer requirement (minimum CET1 requirement plus 8.00%
capital conservation plus countercyclical buffer requirements plus G-SIB
buffer requirement, expressed as a percentage of risk weighted assets)

DCB Bank Limited
65 of which: capital conservation buffer requirement 2.50%

66 of which: bank specific countercyclical buffer requirement -
67 of which: G-SIB buffer requirement -
68 Common Equity Tier 1 available to meet buffers (as a percentage of risk 7.84%
weighted assets)
National minima (if different from Basel III)
69 National Common Equity Tier 1 minimum ratio (if different from Basel III 5.50%
minimum)
70 National Tier 1 minimum ratio (if different from Basel III minimum) 7.00%
71 National total capital minimum ratio (if different from Basel III minimum) 9.00%
Amounts below the thresholds for deduction (before risk weighting)
72 Non-significant investments in the capital of other financial entities -
73 Significant investments in the common stock of financial entities -
74 Mortgage servicing rights (net of related tax liability) -
75 Deferred tax assets arising from temporary differences (net of related tax -
liability)
Applicable caps on the inclusion of provisions in Tier 2
76 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to 4,476.03
standardised approach (prior to application of cap)
77 Cap on inclusion of provisions in Tier 2 under standardised approach 2,991.56
78 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to -
internal ratings-based approach (prior to application of cap)
79 Cap for inclusion of provisions in Tier 2 under internal ratings-based -
approach
Capital instruments subject to phase-out arrangements (only applicable between March 31,
2017 and March 31, 2022)
80 Current cap on CET1 instruments subject to phase out arrangements -
81 Amount excluded from CET1 due to cap (excess over cap after redemptions -
and maturities)
82 Current cap on AT1 instruments subject to phase out arrangements -
83 Amount excluded from AT1 due to cap (excess over cap after redemptions -
and maturities)
84 Current cap on T2 instruments subject to phase out arrangements -
85 Amount excluded from T2 due to cap (excess over cap after redemptions -
and maturities)

Notes to the Template

Row No. Particular (` in
of the million)
template
10 Deferred tax assets associated with accumulated losses -
Deferred tax assets (excluding those associated with accumulated losses) net of Deferred -
tax liability
Total as indicated in row 10 -
19 If investments in insurance subsidiaries are not deducted fully from capital and instead -
considered under 10% threshold for deduction, the resultant increase in the capital of bank
of which: Increase in Common Equity Tier 1 capital -
of which: Increase in Additional Tier 1 capital -
of which: Increase in Tier 2 capital -
26b If investments in the equity capital of unconsolidated non-financial subsidiaries are not -
deducted and hence, risk weighted then:
(i) Increase in Common Equity Tier 1 capital -
(ii) Increase in risk weighted assets -
50 Eligible Provisions included in Tier 2 capital 2,991.56
Eligible Revaluation Reserves included in Tier 2 capital -
Total of row 50 2,991.56

DCB Bank Limited
Table DF-12: Composition of Capital- Reconciliation Requirements
Step 1 (` million)
Balance sheet Balance sheet
as in financial under regulatory
statements scope of
As on Mar. 31, consolidation
2022 As on Mar. 31,
2022
A Capital & Liabilities
i Paid-up Capital 3,109.76
Reserves & Surplus 37,365.34
Minority Interest -
Employee Stock Options Outstanding 13.15
Total Capital 40,488.25
ii Deposits 3,46,916.86
of which: Deposits from banks 34,114.33
of which: Customer deposits 3,12,802.53
of which: Other deposits (pl. specify) -
iii Borrowings 40,818.40
of which: From RBI 1,000.00
of which: From banks 550.00
of which: From other institutions & agencies 34,768.40
of which: Others (pl. specify) Borrowings from outside India -
of which: Capital instruments 4,500.00
iv Other liabilities & provisions 20,177.91
Total 4,48,401.42
B Assets
i Cash and balances with Reserve Bank of India 15,775.01
Balance with banks and money at call and short notice 25,132.60
ii Investments: 90,982.34
of which: Government securities 76,240.03
of which: Other approved securities -
of which: Shares 225.99
of which: Debentures & Bonds 1,246.77
of which: Subsidiaries / Joint Ventures / Associates -
of which: Others (Commercial Papers, Mutual Funds, Certificate of 13,269.55
Deposits, PTCs, SRs etc.)
iii Loans and advances 2,90,957.81
of which: Loans and advances to banks 174.87
of which: Loans and advances to customers 2,90,782.94
iv Fixed assets 6,611.84
v Other assets 18,941.82
of which: Goodwill and intangible assets -
of which: Deferred tax assets (Net) 2,299.91
vi Goodwill on consolidation -
vii Debit balance in Profit & Loss account -
Total Assets 4,48,401.42

Step 2
(` million)
Balance sheet Balance sheet Ref
as in financial under regulatory No.
statements scope of
2022 As on Mar. 31,
2022
A Capital & Liabilities
i Paid-up Capital 3,109.76 a1
Reserves & Surplus 37,365.34
of which:
Securities Premium 13,676.06 a2
Balance in Profit & Loss account 11,072.71 b1
of which:
Unallocated Surplus 8,197.66
Current period profits not reckoned for Capital Adequacy 310.98 b2
Statutory Reserve 7,041.38 c1
Capital Reserve 1,403.42 c2
Special Reserve 1,515.99 c3
Revaluation Reserve 2,253.34 c4
of which
Not reckoned for Capital Adequacy purposes 1,239.34 c5
Investment Reserve 15.99 e1
Investment Fluctuation Reserve 386.45 e2
Employee Stock Options Outstanding 13.15 c6
Minority Interest -
Total Capital 40,488.25
ii Deposits 3,46,916.86
of which: Deposits from banks 34,114.33
of which: Customer deposits 3,12,802.53
of which: Other deposits (pl. specify) -
iii Borrowings 40,818.40
of which: From RBI 1,000.00
of which: From banks 550.00
of which: From other institutions & agencies 34,768.40
of which: Others (pl. specify) Borrowings from outside India -
of which: Capital instruments 4,500.00 d
iv Other liabilities & provisions 20,177.91
of which: Provision for Standard Assets 4,073.59 e3
Not reckoned for Capital Adequacy purposes 1,484.47 e4
of which: DTLs related to goodwill -
of which: DTLs related to intangible assets -
Total 4,48,401.42
B Assets
i Cash and balances with Reserve Bank of India 15,775.01
Balance with banks and money at call and short notice 25,132.60
ii Investments 90,982.34
of which: Government securities 76,240.03
of which: Other approved securities -
of which: Shares 225.99
DCB Bank Limited
Balance sheet Balance sheet Ref

as in financial under regulatory No.
statements scope of
2022 As on Mar. 31,
2022
of which: Debentures & Bonds 1,246.77
of which: Subsidiaries / Joint Ventures / Associates -
of which: Others (Commercial Papers, Mutual Funds, 13,269.55
Certificate of Deposits, PTC, SRs etc.)
iii Loans and advances 2,90,957.81
of which: Loans and advances to banks 174.87
of which: Loans and advances to customers 2,90,782.94
iv Fixed assets 6,611.84
v Other assets 18,941.82
of which: Goodwill and intangible assets Out of which: -
Goodwill -
Other intangibles (excluding MSRs) -
Deferred tax assets (Net) 2,299.91
vi Goodwill on consolidation -
vii Debit balance in Profit & Loss account -
Total Assets 4,48,401.42
Step 3
(` million)
Common Equity Tier 1 capital: instruments and reserves
Component Source based on
of regulatory reference numbers/
capital letters of the balance
reported by sheet under the
bank regulatory scope of
consolidation from step 2
1 Directly issued qualifying common share (and equivalent for 16,785.82 A=a1+a2
non-joint stock companies) capital plus related stock surplus
2 Retained earnings 10,761.73 B=b1-b2
3 Accumulated other comprehensive income (and other reserves) 10,987.94 C=c1+c2+c3+c4-c5+c6
4 Directly issued capital subject to phase out from CET1 (only -
applicable to non-joint stock companies)
5 Common share capital issued by subsidiaries and held by third -
parties (amount allowed in group CET1)
6 Common Equity Tier 1 capital before regulatory adjustments 38,535.49
7 Prudential valuation adjustments 31.00
8 Goodwill (net of related tax liability) -

Main Features of Regulatory Capital Instruments
Sr. Particulars Equity Shares Sub-Ordinated Debt Sub-Ordinated Debt

No.
1 Issuer DCB BANK LIMITED DCB BANK LIMITED DCB BANK LIMITED
2 Unique identifier (e.g. CUSIP, ISIN INE503A01015 INE503A08036 INE503A08044
or Bloomberg identifier for private
placement)
3 Governing law(s) of the instrument Indian Law Indian Law Indian Law
Regulatory treatment
4 Transitional Basel III rules Common Equity Tier 1 Tier 2 Tier 2
5 Post-transitional Basel III rules Common Equity Tier 1 Tier 2 Tier 2
6 Eligible at solo/group/ group & solo Solo Solo Solo
7 Instrument type Common Shares Tier 2 Debt Instruments Tier 2 Debt Instruments
8 Amount recognised in regulatory ` 3,110 Million ` 3,000 Million ` 1,500 Million
capital (` in million, as of most recent
reporting date)
9 Par value of instrument ` 10 per share ` 3,000 Million and each ` 1,500 Million and each
debenture of ` 0.1 Million debenture of ` 0.1 Million
10 Accounting classification Shareholder's Equity Liability Liability
11 Original date of issuance Various* 17.11.2017 12.01.2018
12 Perpetual or dated Perpetual Dated Dated
13 Original maturity date No Maturity 17.11.2027 12.01.2028
14 Issuer call subject to prior No Yes Yes
supervisory approval
15 Optional call date, contingent call NA Call option exercisable Call option exercisable
dates and redemption amount only if the instrument only if the instrument
has run for five years; has run for five years;
First call date is First call date is
18.11.2022; Call option 13.01.2023; Call option
can be exercised only can be exercised only
with the prior approval with the prior approval
of RBI. These Bonds are of RBI. These Bonds are
redeemable at Par. redeemable at Par.
16 Subsequent call dates, if NA Any date after 18.11.2022, Any date after
applicable with the prior approval 13.01.2023, with the prior
of RBI. approval of RBI.
Coupons / dividends
17 Fixed or floating dividend/coupon NA Fixed Fixed
18 Coupon rate and any related NA 9.85% per annum 9.85% per annum
index
19 Existence of a dividend stopper NA No No
20 Fully discretionary, partially Fully discretionary Partially discretionary Partially discretionary
discretionary or mandatory
21 Existence of step up or other No No No
incentive to redeem
22 Noncumulative or cumulative Non-cumulative Cumulative Cumulative
23 Convertible or non-convertible NA Non-convertible Non-convertible
24 If convertible, conversion NA NA NA
trigger(s)
25 If convertible, fully or partially NA NA NA
26 If convertible, conversion rate NA NA NA
27 If convertible, mandatory or NA NA NA
optional conversion
28 If convertible, specify instrument NA NA NA
type convertible into
29 If convertible, specify issuer of NA NA NA
instrument it converts into
30 Write-down feature No Yes Yes

DCB Bank Limited
Sr. Particulars Equity Shares Sub-Ordinated Debt Sub-Ordinated Debt

No.
31 If write-down, write-down NA PONV Trigger PONV Trigger
trigger(s)
32 If write-down, full or partial NA Fully or Partially Fully or Partially
33 If write-down, permanent or NA Permanent Permanent
temporary
34 If temporary write-down, NA NA NA
description of write-up mechanism
35 Position in subordination hierarchy in NA "The Claims of debenture "The Claims of debenture
liquidation (specify instrument type holder (s) shall be: holder (s) shall be:
immediately senior to instrument) (i) Senior to the (i) Senior to the
claims of investors in claims of investors in
instruments eligible for instruments eligible
inclusion in Tier 1 Capital for inclusion in Tier 1
of the Bank and Capital of the Bank and
(ii) Subordinate to the (ii) Subordinate to the
claims of all depositors claims of all depositors
and general creditors of and general creditors of
the Bank" the Bank"
36 Non-compliant transitioned features No No No
37 If yes, specify non-compliant features NA NA NA
* Date of allotment of equity shares are available on the Bank's website at following link:
http://www.dcbbank.com/pdfs/DCB_Capital_Structure_of_the_Bank_as_on_31st_March_2022.pdf
Table DF 17- Summary comparison of accounting assets vs. leverage ratio exposure measure
Leverage Ratio:
The leverage ratio is calibrated to act as a credible supplementary measure to the risk based capital requirements.
The Basel III leverage ratio is defined as the capital measure (the numerator) divided by the exposure measure (the
denominator), with this ratio expressed as a percentage.
Capital Measure (Tier 1 Capital)

Leverage Ratio =
Exposure Measure
Summary comparison of accounting assets vs. leverage ratio exposure measure

Item (` Million)
1 Total consolidated assets as per published financial statements 4,48,401.42
2 Adjustment for investments in banking, financial, insurance or commercial entities that are -
consolidated for accounting purposes but outside the scope of regulatory consolidation
3 Adjustment for fiduciary assets recognised on the balance sheet pursuant to the operative -
accounting framework but excluded from the leverage ratio exposure measure
4 Adjustments for derivative financial instruments 423.72
5 Adjustment for securities financing transactions (i.e. repos and similar secured lending) -
6 Adjustment for off-balance sheet items (i.e. conversion to credit equivalent amounts of off- 22,058.98
balance sheet exposures)
7 Other adjustments
8 Leverage ratio exposure 4,70,884.12

DF-18 Leverage ratio
Leverage ratio common disclosure template

Item Leverage ratio
framework
(` million)
On-balance sheet exposures
1 On-balance sheet items (excluding derivatives and SFTs, but including collateral) 4,32,237.90
2 (Asset amounts deducted in determining Basel III Tier 1 capital)
3 Total on-balance sheet exposures (excluding derivatives and SFTs) (sum of lines 1 and 2) 4,32,237.90
Derivative exposures
4 Replacement cost associated with all derivatives transactions (i.e. net of eligible cash variation 68.07
margin)
5 Add-on amounts for PFE associated with all derivatives transactions 355.65
6 Gross-up for derivatives collateral provided where deducted from the balance sheet assets -
pursuant to the operative accounting framework
7 (Deductions of receivables assets for cash variation margin provided in derivatives -
transactions)
8 (Exempted CCP leg of client-cleared trade exposures) -
9 Adjusted effective notional amount of written credit derivatives -
10 (Adjusted effective notional offsets and add-on deductions for written credit derivatives) -
11 Total derivative exposures (sum of lines 4 to 10) 423.72
Securities financing transaction exposures
12 Gross SFT assets (with no recognition of netting), after adjusting for sale accounting transactions 16,163.52
13 (Netted amounts of cash payables and cash receivables of gross SFT assets) -
14 CCR exposure for SFT assets -
15 Agent transaction exposures -
16 Total securities financing transaction exposures (sum of lines 12 to 15) 16,163.52
Other off-balance sheet exposures
17 Off-balance sheet exposure at gross notional amount 53,579.93
18 (Adjustments for conversion to credit equivalent amounts) 31,520.95
19 Off-balance sheet items (sum of lines 17 and 18) 22,058.98
Capital and total exposures
20 Tier 1 capital 38,504.49
21 Total exposures (sum of lines 3, 11, 16 and 19) 4,70,884.12
Leverage ratio
22 Basel III leverage ratio (per cent) 8.18%
Notes
SFT : Securities Financing Transactions
PFE : Potential Future Exposure
CCP : Central Counterparty
CCR : Counterparty Credit Risk

Notes
DCB Bank Limited
DCB Customer Care : 022-6899 7777, 040-6815 7777
8 | | Annual
10 AnnualReport
Report2021-22
2020-21
Sustainable impact by DCB Bank
Corporate Social Responsibility, FY 2021-22
Tree plantation to increase Rain water harvested for

urban & rural green cover sustainable livelihood
1,77,780 trees 130,44,93,932 liters

Oxygen produced Positive impact for
by trees marginal & small farmers
20,960 metric tonnes 2,054 acres
Reduction of carbon
from the atmosphere Revival of village
water bodies & ponds
4,444 metric tonnes
4,75,205 sq. ft.
Household biogas Waste recycled
produced promoting
circular economy
66 metric tonnes
251 metric tonnes
Methane green
house gas Sustainable livelihood
reduction created and lives
impacted
39 metric tonnes
2,44,554 individuals
DCB Bank Limited

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Sheetal Nagar, Telephone Exchange, Mira Road (E), Thane - 401107

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CO:CS:RC:2022-23:046 May 30, 2022

BSE Limited National Stock Exchange of India Limited

CHATURVEDI Date: 2022.05.30 18:26:17

DCB Bank Limited

DCB Bank Vision

DCB Bank Values

2 | Annual Report 2021-22

Annual Report 2021-22 | 1

2 | Annual Report 2021-22

unanticipated external conditions, the 400th branch. The milestone branch is

As we emerge from effectively dealing I am delighted to be given charge as

Annual Report 2021-22 | 3

Corporate Social Responsibility Initiatives

India’s first nature trail mobile app for information,

Miyawaki Urban Forest, a home for birds,

4 | Annual Report 2021-22

Development of tree sapling nurseries by the rural community to

Tree plantation & biodiversity by community volunteers at Taloja

Annual Report 2021-22 | 5

Waterless Urinals that helps in saving the fresh water

6 | Annual Report 2021-22

Trees for sustainable livelihood, to generate income & decrease

Review of plantation done for restoration of forest

Annual Report 2021-22 | 7

8 | Annual Report 2021-22

Annual Report 2021-22 | 9

10 | Annual Report 2021-22

Annual Report 2021-22 | 11

12 | Annual Report 2021-22

FY 2021-22 does not exceed `5,000 (Rupees aforementioned details/documents, option is

h t t p s : //we b . l i n k i n t i m e .co. i n /f o r m s re g / iii) Alternative Investment Fund (AIF)

Annual Report 2021-22 | 13

14 | Annual Report 2021-22

Annual Report 2021-22 | 15

16 | Annual Report 2021-22

Type of Login Method

Annual Report 2021-22 | 17

Type of Login Method

Login type Helpdesk details

18 | Annual Report 2021-22

Annual Report 2021-22 | 19

20 | Annual Report 2021-22

Other Instructions Re-appointment of Joint Statutory Central Auditors

Annual Report 2021-22 | 21

22 | Annual Report 2021-22

Annual Report 2021-22 | 23

Other details of Mr. Natrajan, pursuant to Regulation

24 | Annual Report 2021-22

Name of Director Mr. Iqbal Khan Mr. Murali M.Natrajan

Annual Report 2021-22 | 25

26 | Annual Report 2021-22

Computer Training Classes, Internet Café, Coaching

TARGET MARKET At the beginning of FY 2022, India was impacted by

Annual Report 2021-22 | 27

28 | Annual Report 2021-22

Annual Report 2021-22 | 29

Traditional Community Banking STRATEGIC ALLIANCES

30 | Annual Report 2021-22