Dena Bank
Coordinates: 22°01′59″N 74°53′48″E / 22.033°N 74.8968°E
 | |
| Traded as |
BSE: 532121 NSE: DENABANK |
|---|---|
| Industry | Banking, Financial Services |
| Founded | 26 May 1938 |
| Headquarters | Mumbai, Maharashtra, India |
Key people |
Shri Ashwani Kumar[1] (Chairman and Managing Director) |
| Revenue |
 ₹55673.7 million (US$830 million) (2010–11)[2] |
|
₹6116.3 million (US$91 million) (2009–10) | |
Number of employees | 13,000 (2014) |
| Slogan | "Trusted Family Bank" |
| Website | http://www.denabank.com |
Dena Bank (Hindi: देना बैंक), 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 The bank was founded in 1938 and the Indian government nationalized it in 1969.
History
Dena Bank was founded on 26 May 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company. It adopted its new name, Dena Bank (Devkaran Nanjee) when it was incorporated as a public company in December 1939.
In July 1969 the Government of India nationalized Dena Bank, along with thirteen other major banks. It 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.
See also
References
- ↑ "Ashwani Kumar takes over as cmd dena-bank". Retrieved 2013-01-22.
- ↑ "BSE Plus". Bseindia.com. Retrieved 2011-02-02.
