Dena Bank

 

 

Dena Bank is a public sector bank with its headquarters in Mumbai, India. The bank offers a range of products and services, while specializing in home and personal loan products.[br]

 

Dena Bank: Company Information

Dena Bank began operations in 1938 under the name of Devkaran Nanjee Banking Company Ltd. However, in 1939, the name was changed to its present form. It was among the 14 banks that the Government of India nationalized in 1969. The bank procured a loan from World Bank for technology upgrades and training to develop its modern banking infrastructure. Dena Bank launched its initial public offering (IPO) in 1996. It is the pioneer banking institution to introduce minor savings schemes, credit cards for the rural population and a customer rating system for banking services.

 

According to the data for the 2008-09 financial year, Dena Bank boasts a total income of over Rs38,000 crores, with net profits of about Rs400 crores. The bank has operations in 18 states and union territories of the nation.

 

Dena Bank has association with Visa Inc. for providing ATM-cum-debit card services. It is a member of the CashTree ATM network association. Thus, Dena Bank customers have access to over 40,000 ATM machines across India. 

Dena Bank: Products and Services

Dena Bank offers the following products and services to its customers:

 

• Personal banking: Dena Bank has a basket of deposit schemes and loan plans for individual customers. Exclusive deposit schemes include Dena Savifix, Dena Samruddhi and Dena Freedom. Loan schemes include Dena Niwas Housing Finance, Dena Vidya Laxmi Educational and Dena Suvidha loans.

• Priority banking: Dena priority banking services are meant for small and medium industries, as well as agriculturists. Some of the exclusive priority banking products include Dena Shakti Scheme, Dena Laghu Udyami Card Scheme and Dena Swarozgar Credit Card Scheme.

• Corporate banking: Dena Bank offers term finance, working capital finance and export credit products to corporate clients. The bank has specific finance schemes to meet the individual requirements of different industrial sectors, such as real estate, hotels and educational institutions.[br]

 

Dena IndiaRemit services allow non-resident Indians (NRIs) to transfer money to India. Online services such as bill payment, tax submission and e-shopping are also available with the bank. Dena customers also have access to the bank’s mobile and phone banking services.