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Press background on Dena Bank
Company profile
Having completed its platinum jubilee, Dena Bank was founded on May 26, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. It became a Public Ltd. Company in December 1939 and later the name was changed to Dena Bank Ltd. Dena Bank is amongst the first nationalised banks to enter equity market in November 1996. It offers the entire gamut of banking services including Retail Banking, Corporate Banking, International Banking, Services, Priority & SME Banking amongst others. The Bank is the first public sector bank to introduce Tele-Banking facilities for its customers at selected metropolitan centers. Dena Bank offers minor savings scheme, credit card in rural India and customer rating system for rating the bank services.
 Recent press releases
Post Budget Comments of Shri Ashwani Kumar, IBA Chairman & Dena Bank CMD

The budget is well balanced since it gives impetus to long term growth and lays a credible road map of fiscal consolidation. It adheres to fiscal deficit target of 3.5% of GDP and has come out of prudence on the backdrop of global economic conditions with a bundle of tax measures to put pri... (more)
Dena Bank Inaugurated the 4th India SME Banking Conclave Organised by SME Chamber of India

Dena Bank, India’s trusted family Bank, inaugurated the 4th INDIA SME Banking Conclave organised by SME Chamber of India. In India about 20% of SME’s close within 1 year of operation and about 50% wind up within 5 years due to various factors which are not conducive to SME&rsquo... (more)
Dena Bank Ties up with for Online Branding and Retail Loans Business Generation

Dena Bank, India’s trusted family bank, entered into a tie-up arrangement with the leading Online Financial Product Aggregator for capturing retail loan business through the online platform. The tie up with for Retail Loans – Housing,... (more)
Dena Bank Management Meets Officers Federations

A meeting was held between Dena Bank Officers federations and the Bank’s Management. During the discussions Unions have given assurance to Bank Management to extend support for increasing the core business of the Bank.             
 ... (more)
Dena Bank Hikes Interest Rates on FCNR (B) / RFC Term Deposit Effective from July 1, 2015

Dena Bank, India’s trusted family bank, has hiked its rate of interest downward on FCNR (B)/RFC term deposit with effective from July 1, 2015. 
For FCNR (B) deposits of 3 years to less than 4 years, in US Dollar terms, the revised interest rates are 3.31% a... (more)
Dena Bank Organizes Vehicle Carnival for Fast-track Car Loans for its Customers

Dena Bank India’s trusted family bank, has organized a 60-day vehicle carnival for its customers beginning from July 1, 2015 to August 31, 2015. During this period, bank will offer vehicle loans to customers at attractive rates with reduced process fees. In this context, the bank orga... (more)
Dena Bank Signs General Refinance Agreement with MUDRA

Today, on 24th June 2015, General Refinance Agreement between Dena Bank and MUDRA Ltd was executed in a function organized at Head Office of Dena Bank.
The Programme was presided over by Shri Ashwani Kumar, Chairman & Managing Director, Dena Bank. Shri Jiji Mammen... (more)
Dena Bank Revises Interest Rates on FCNR (B) / RFC Term Deposit Effective From June 1, 2015

Dena Bank, India’s trusted family bank, has revises rate of interest on FCNR (B)/RFC term deposit with effective from June 1, 2015. 
For FCNR (B) deposits of 3 years to less than 4 years, in US Dollar terms, the revised interest rates are 3.25% as compared ... (more)
Dena Bank Celebrated its 78th Foundation Day

Dena Bank, India’s trusted family bank, celebrated its 78th foundation day with Ms Kavita Seth, renowned Bollywood singer and sufi Karwaaan band for a musical evening with its customers, staff and their families on 26th May 2015. To grace this event, ... (more)
Dena Bank Signs MoU with United India Insurance Co. Ltd (UIIC) to Extend the Prime Minister’s Pradhan Mantri Suraksha Bimayojana (PMSBY) Scheme to its Account Holders

Dena Bank is associated with UIIC as a corporate agent since 2011 and now UIIC has offered this new product as announced in the budget. Dena Bank has entered into a Memorandum of Understanding (MOU) with United India Insurance Company Limited (UIIC) under the Prime Minister’s Pradhan ... (more)