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Dena Bank

 
Hoover's Profile: Dena Bank
Contact Information
Dena Bank
Investor Relations Centre, 3rd Fl., Dena Corporate Center, C-10, G Block, Bandra Kurla Complex
Mumbai 400 051, India
Tel. +91-26545318
Fax +91-26545317

Type: Public
On the web: http://www.denabank.com
Employees: 9,957

Dena Bank operates more than 1,100 bank branches and some 400 ATMs across India. The company offers standard retail services for individuals and businesses, including deposit accounts, loans, and credit cards. It also provides trade finance and other international banking services. More than half of Dena Bank's branches are located in the western states of Maharashtra and Gujarat. Founded in 1938 as Devkaran Nanjee Banking Company, Dena Bank was nationalized in 1969 and put on the market in 1996. The Indian government owns 51% of the company.

Key numbers for fiscal year ending March, 2008:
Sales: $800.2M

Officers:
Chairman and Managing Director: P. L. Gairola
General Manager, Financial Management and Support Services: M.G. Sanghvi
General Manager, Information Technology and Information Resource Management: Ramnath Pradeep

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Wikipedia: Dena Bank
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Coordinates: 22°01′59″N 74°53′48″E / 22.033°N 74.8968°E / 22.033; 74.8968 Dena Bank (Hindi: देना बैंक) (founded 26 May, 1938) is one of the earliest banks in India.

History

  • Dena Bank 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.
  • It is one of the most prestigious banks of India having a good market share.
  • 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.

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