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Dena Bank |
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Dena Bank is one of the earliest banks in India headquartered in Mumbai. Dena Bank, in July 1969 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. |
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Dena Bank head office located in Mumbai has a network of 1122 branches spread across the country. The bank has a network of 295 ATMs all across India. Dena bank introduced core banking on March 2007 at its Mahim branch in Mumbai. In all, 850 branches out of the 1122 branches including extension counters of the Bank are schedule for coverage. |
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Dena Bank is one of 20 major nationalised commercial banks in India. Nationalised banks dominate the banking system in India. The major objective behind nationalisation was to spread banking infrastructure in rural areas and make cheap finance available to Indian farmers. With this, the Government of India held a control over 91% of the banking industry in India. After the nationalisation of banks there was a huge jump in the deposits and advances with the banks. | ||||||||||||||||||
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