DCB in tie up with Visa for debit cards

Bangalore: Development Credit Bank has tied up with Visa International towards for the debit card.

The bank aims to disburse close to 2,50,000 debit cards in 12 months, bank officials said.

The bank''s board is likely to meet in near term to discuss the possibility of Aga Khan Fund for Economic Development hiking its stake to 74 per cent from the current level of 49 per cent, in with the recent Reserve Bank of India norm, the Managing Director, Mr H.V. Sheshadri, said.

However, he declined to comment on the bank''s expected business targets for the current year as well as its planned capital infusion.