Introduction
DENA BANK which eminently does the job of lending loans and catering to the needs of people is a public sector bank that was established in the year of 1938, 26th May by Devkaran Nanjee and family. It was initially known as Devkaran Nanjee Banking Committee Limited. It was transformed into a public limited company in the year 1939(December) and was one of the 13 banks that became nationalized in July 1969.It was formed under the Banking Companies (Acquisition and transfer of undertakings) Act, 1970 but was regulated under the provisions of the Banking Regulations Act 1949, as provided under the specifications of section 6 of the Act; the bank can also under take other business in addition to the act of lending loans to the public. It was later that its name was changed into Dena bank.
Dena bank has its headquarters situated in Mumbai and is listed in both Bombay stock exchange and the National stock exchanges. It was one amongst the very few banks to get the privilege of receiving loan from the World Bank for the training and technological up -gradation and also one among the six prestigious public sector banks selected by the World Bank for granting loan worth of more than 70 crores for the purpose of Financial Sector Developmental project in 1995. It had also created milestones by introducing tele-banking facilities in selected metropolitan cities.
Schemes
The Various Depository schemes offered by the bank to its customers are:• Dena Freedom Deposit Scheme
• Dena Super Premium Current Account
• Dena Samruddhi Deposit Scheme
• Premium Current Account Scheme
• Dena Fixed Deposit Scheme
• Dena Senior Citizen Scheme
• Dena Jeevan SB Account
• Dena Recurring Deposit Scheme
• Dena Maha Tax Bachat Yojana
• Dena Loan Linked-Recurring Deposit Scheme
• Dena Platinum Current Account scheme
• Online Term Deposits
• Dena Minor Savings Scheme
• Dena Savifix Deposit Scheme
• Basic Saving Bank Account
• Premium Savings Account Scheme
• Dena Cash Certificate
Loans Offered:
• Dena Senior Citizen• Dena Auto Finance scheme
• Dena Vidya Lakshmi Educational Loan Scheme
• Dena Consumer Durable Loan
• Dena Trade Finance Scheme
• Dena Mortgage Loan Scheme
• Dena Suvidha (Personal Loan) Scheme
• Dena Rent Scheme (Finance against Rent receivables)
• Dena Doctor +
• Dena Niwas Housing Finance Scheme
• Dena Gold Loan Scheme
• Pensioners• Loan Scheme
• IBA Model Loan Scheme
Apart from the above mentioned various schemes the bank has introduced till now for the benefits of its customers various other schemes too. Dena Bank has been the first Bank to introduce:
• Drive-in ATM Counter at Juhu located in Mumbai
• Minor Savings Scheme.
• Credit card in rural India known as "DENA KRISHI SAKH PATRA" (DKSP)
• Customer rating system-for rating the Bank Services.
• The option of Smart card facility. (In selected branches of Mumbai.)
Dena bank has a large number of branches spread across (an estimation of 1400 branches all over) the country. They also see to it that they cater to the regular and non regular needs of the customers, for which have initiated various amenities through various services like:
Services:
• Core Banking Solution• Mobile Banking
• Verified by Visa Services
• Dena ATM Services
• Internet Banking
• Phone Banking
• Dena e-Tax Pay
• Dena SMS Alert Services
• Dena Bill Pay
• Dena IndiaRemit
• Direct Tax Collection
• Indirect Tax
• RTGS / NEFT
• Bancassurance
• Inbound Remittances
• ASBA
• Demat Services
• GoRecharge
• DENA e TRADE (On Line Trading in shares)
• Distribution of Mutual Funds
• Devices
• Visa Bill Pay
• Online Donations
• Utility Bill Payment
• Treasury Operations
• Dena Bank App on mobile
• Public Provident Fund (PPF)Account
• Prepaid Cards
Dena bank offers its valuable services for its customers all over the country through its extended branches at Ahmedabad, Bangalore, Bhavnagar, Bhopal, Bhuj, Chennai, Chandigarh, Durg, Gandhi nagar, Hyderabad, Jaipur, Kolkata, Luck now, Ludhiana, Mehsana, Mumbai city, Mumbai Suburbs, Nagpur, Nashik, New Delhi, Patna, Pune, Raipur, Rajkot, Surat, Thane and Vadodara .
Website: www.denabank.com
Contact details:Dena Bank,
Dena Corporate Centre
C-10, G Block,
Bandra-Kurla Complex
Bandra [E].
Mumbai- 400 051
Telephone - (022) 26545000, 26545035