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 December 1939. The bank was nationalised (and therefore dropped Limited from its name) in 1969 along with 13 other banks in India.
Dena Bank features:
- Minor savings scheme.
- Credit card in rural India known as "Dena Krishi Sakh Patra"
- Drive-in ATM counter at Juhu, Mumbai.
- Smart card at selected branches in Mumbai.
- Customer rating system for rating the bank's services.
The bank's head office is in Mumbai, with a network of 1291 branches (as at March 2011) across the country. The bank has a network of 496 ATMs across India, of which 105 ATMs are off site(as at March 2011). Dena Bank introduced core banking on March 2007 at its Mahim branch in Mumbai. 850 branches out of the 1122 branches including extension counters of the bank are scheduled for coverage.
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