India-based DCB Bank is, reportedly, expanding its business by opening new branches in smaller cities that are rated under tier-II to tier-VI in the country, according to CEO and managing director Murali Natrajan.
DCB aims to focus on micro deposits and saving accounts for lower income groups, who previously did not have access to banking systems.
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Natrajan was quoted by The Times of India as saying that they are planning to reach out to new customers with offerings such as value saving account and value recurring deposits.
DCB Bank head, retail and SME banking, Praveen Kutty, said the bank aims at growing its customer base with a wide range of banking products and services and also reaching out to the micro small and medium enterprises (SME) and SME segments.
In the recent years, DCB Bank has revamped its savings and current (CASA) products, fixed deposits, mortgage (home loans) and loan against gold across its 116 branches in the country.
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