Dena Bank

Dena Bank

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Dena Bank

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Description:
Dena Bank () (, ) (founded 26 May 1938) is one of the earliest banks in India headquartered in Mumbai.

History

  • Dena Bank was founded by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd.
  • It found its new name, Dena Bank Ltd. when it was incorporated as a Public Company in Dec 1939
  • Dena Bank was nationalised (and therefore dropped the 'Ltd.' from its name) in 1969 along with 13 other banks in India.
  • It is one of the earliest Banks in India.


Dena Bank has received acclaim for its revolutionary

  • Minor Savings Scheme.
  • Credit card in rural India known as "DENA KRISHI SAKH PATRA" (DKSP).
  • Drive-in ATM counter of Juhu, Mumbai.
  • Smart card at selected branches in Mumbai.
  • Customer rating system for rating the Bank Services.


Dena bank head office located in Mumbai has a network of 1122 branches spread across the country. The bank has a network of 295 ATMs all across India. Dena bank introduced core banking on March 2007 at its Mahim branch in Mumbai. In all, 850 branches out of the 1122 branches including extension counters of the Bank are schedule for coverage.

Milestones

  • One among six Public Sector Banks selected by the World Bank for sanctioning a loan of Rs.72.3 crores for augmentation of Tier-II Capital under Financial Sector Developmental project in the year 1995.
  • One among the few Banks to receive the World Bank loan for technological upgradation and training.
  • Launched a Bond Issue of Rs.92.13......
  • ...

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