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DCB Bank gains on launching Open Banking Platform
DCB Bank is currently trading at Rs. 183.95, up by 0.65 points or 0.35% from its previous closing of Rs. 183.30 on the BSE.
The scrip opened at Rs. 184.40 and has touched a high and low of Rs. 185.90 and Rs. 183.00 respectively. So far 12624 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 204.55 on 17-Apr-2018 and a 52 week low of Rs. 139.50 on 01-Oct-2018.
Last one week high and low of the scrip stood at Rs. 187.90 and Rs. 172.00 respectively. The current market cap of the company is Rs. 5669.94 crore.
The promoters holding in the company stood at 14.94%, while Institutions and Non-Institutions held 49.01% and 36.05% respectively.
DCB Bank has launched its Open Banking Platform, in a bid to create a collaborative ecosystem with enterprises, fitness and app developers, and enhancing customer-service delivery. The Open Banking Platform APIs will provide seamless integration of banking services by improving the existing banking technology infrastructure and at the same time meet the growing demand for innovative solutions from new-age customers.
Over 20 startups, fitness, merchants, enterprises and developers will partner with DCB Bank for access to its Open Banking Platform APIs as well as collaboration on innovation and customer-centric products.
DCB Bank is one of the emerging private sector banks in India. The Bank is amongst the first private sector banks to waive advisory fee and service charge for Mutual Fund investment.
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