Dena Bank
Encyclopedia
Dena Bank (founded 26 May 1938) is one of the earliest banks in India
headquartered in Mumbai
.
Dena Bank has received acclaim for its revolutionary
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
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
headquartered in Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
.
History
- Dena Bank was founded by the family of Devkaran NanjeeC. D. DesaiChunnilal Devkaran Nanjee, known as "Desai", was a Twentieth century Indian commodity trader, financier, and philatelist.- Financial career :...
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 crores in November 1996.
- Maiden Public Issue of Rs.180 Crores in November 1996.
- Introduced Tele banking facility of selected metropolitan centers.