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Dena Bank

Dena Bank was founded on May 26, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. The bank became a Public Ltd. Company in December 1939 and later the name was changed to Dena Bank Ltd.

In July 1969 Dena Bank Ltd. along with 13 other major banks was nationalized. Dena Bank is now a Public Sector Bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970.

Milestones: 

During its banking journey Dena Bank has achieved several milestones. Major among them are:

  • Dena Bank is 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.
  • Dena Bank has been the first bank to introduce Minor Savings Scheme.
  • For the year 2004-05, the Bank earned a net profit of Rs 61 crore. Dena Bank offers all the latest services such as Any Branch Banking, Multi-City Cheque Facility, Telebanking, Electronic Fund Transfer to its customers.

Mission & Vision:

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”

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