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The Aga Khan Fund for Economic Development (EKFEB), which is the single largest shareholder and holds 49 per cent of Development Credit Bank Ltd equity, is looking at hiking its stake in DCB, post the Government of India notification that the FDI in Indian banks can go up to 74 per cent.
'The board meeting of DCB is expected to be held during this month a positive decision is expected on this front,' said H V Sheshadri, managing director & CEO of the bank.