History of Dena Bank

Dena Bank headquartered in Mumbai, is owned by the Government of India, and as per latest data the total branch network stands at 1,773 and plans to open 404 new branches in FY 2015-16.

Dena Bank was founded o­n 26th May, 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.

In July 1969 Dena Bank along with 13 other major banks was nationalized and is now a Public Sector Bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970. Under the provisions of the Banking Regulations Act 1949, in addition to the business of banking, the Bank can undertake other business as specified in Section 6 of the Banking Regulations Act, 1949.

Currently Key people of Dena bank are Shri Ashwani Kumar (Chairman and Managing Director), Smt. Trishna Guha (Executive Director) and Shri Ramesh S Singh (Executive Director).

The logo of Dena Bank depicts Goddess Lakshmi, the Goddess of Wealth, according to Hindu mythology.It was the desire of the founding fathers of the Bank that the Bank should be a symbol of prosperity for all its clients, and the logo represents this promise.The contemporary 'D' in the logo reflects the dynamism, dedication and the drive towards customer satisfaction.

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.

Dena Bank has been the first Bank to introduce:

• 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.

Mission

DENA BANK will provide its Customers - premier financial services of great value, Staff - positive work environment and opportunity for growth and achievement, Shareholders - superior financial returns, Community - economic growth 

Vision

DENA BANK will emerge as the  most preferred Bank of customer choice in its area of operations, by its reputation and performance.

Dena Bank,
Dena Corporate Centre
C-10, G Block, Bandra-Kurla Complex
Bandra [E].
Mumbai- 400 051

Tel.- (022) 26545000, 26545035