DCB Bank jumps on entering into partnership with Max Life Insurance Company
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DCB Bank is currently trading at Rs. 127.50, up by 2.40 points or 1.92% from its previous closing of Rs. 125.10 on the BSE.
The scrip opened at Rs. 125.20 and has touched a high and low of Rs. 130.25 and Rs. 124.55 respectively. So far 131891 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 141.20 on 13-Dec-2022 and a 52 week low of Rs. 81.00 on 11-Jul-2022.
Last one week high and low of the scrip stood at Rs. 132.30 and Rs. 120.85 respectively. The current market cap of the company is Rs. 3976.12 crore.
The promoters holding in the company stood at 14.83%, while Institutions and Non-Institutions held 52.16% and 33.01% respectively.
DCB Bank has entered into partnership with Max Life Insurance Company. Through this collaboration, Max Life and DCB Bank will provide a variety of life insurance products to the Bank's customers, including term, savings, and retirement plans, allowing them to protect their financial future and expand their investment portfolio.
DCB Bank is a new-generation private sector bank with 427 branches across India with contemporary technology and infrastructure, including state-of-art internet banking for personal and business banking services. The business tie-up will offer Bank customers access to Max Life's protection and long-term savings solutions, offering financial stability for themselves and their families.
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.
