PUBLIC SECTOR BANKS IN INDIA – DENA BANK
PUBLIC SECTOR BANKS OF INDIA – DENA BANK
Dena Bank is a pulic Sector Bank, and it 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 in 1969 along with 13 other banks in India. It is one of the earliest Banks in India. Dena bank head office is located in Mumbai has a network of 1122 branches spread all over the country. The bank has a network of 295 ATM 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 scheduled for coverage. In this Branch has also Milestones, One among 6 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 is to receive the World Bank loan for technological upgradation and training.
Dena Bank has received acclaim for its revolutionary, Minor Savings Scheme, Credit card in rural India is 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.