Dena Bank
Dena Bank is an Indian commercial bank based in Mumbai. The bank was founded by the Devkaran Nanjee family on the 26th of May, 1938. At the time of establishment, its name was Devkaran Nanjee Banking Company Ltd. Further, the banking company was incorporated as a Public Ltd. Company in December 1939, changing its name to Dena Bank Ltd. The bank was nationalized by the Government of India along with 13 other commercial banks in the year 1969.
Brief History
Dena Bank was established in the year 1938 on the 26th of May. It was set up by the family of renowned Devkaran Nanjee. The initial name of the bank was Devkaran Nanjee Banking Company Ltd. In the month of December in 1939, the bank became a Public Company and changed its name to Dena Bank Ltd. It was in the year 1969, that Dena Bank was made a national bank and the term Ltd was dropped from the name.
Dena Bank is one of the well known banks in the country and has a very good market share. Today, the bank has around 240 branches and around 150 ATMs across the country. The bank has already provided around 1.8 lakh debit cards to the account holders.
Dena Bank is one of the 6 public sector banks which have been sanctioned by the World Bank for the process of sanctioning of a loan of Rs.72.3 crore. The loan was given for the purpose of development in the year 1995. The World Bank has also provided the bank with technological training and expertise for the upgradation of its services.
The bank is also credited with the introduction of a credit card facility in the rural sector of India named as "Dena Krishi Sakh Patra". It was also created a Drive in ATM counted in Juhu in Mumbai. In order to enable customers to rate the services, the bank has also introduced the customer rating system.
Products and services of Canara Bank
Canara Bank offers a comprehensive range of products and services to its individual and institutional clients that include the following:
# Personal
Deposit Schemes
1. Premium Savings Account Scheme
2. Premium Current Account Scheme
3. Dena Jeevan SB Account
4. Dena Maha Tax Bachat Yojana
5. Dena Super Premium Current Account
6. Dena Savifix Deposit Scheme
7. Dena Freedom Deposit Scheme
8. Dena Samruddhi Deposit Scheme
9. Dena Fixed Deposit Scheme
10. Dena Senior Citizen Scheme
11. Dena Recurring Deposit Scheme
12. Dena Loan Linked Recurring Deposit Scheme
13. Dena Minor Savings Scheme
14. Dena Alpa Bachat Khata
15. Dena Cash Certificate
Loan Schemes
1. Dena Niwas Housing Finance Scheme
2. Dena Vidya Laxmi Educational Loan Scheme
3. Dena Suvidha (Personal Loan) Scheme
4. Dena Auto Finance Scheme
5. Dena Consumer Durable Loan
6. Dena Trade Finance Scheme
7. Dena Mortgage Loan Scheme
8. Dena Senior Citizen Pensioners’ Loan Scheme
9. Dena Rent Scheme (Finance against Rent receivables)
Dena FinMart
1. Dena mortgage
2. Dena niwas
3. Dena rent
4. Dena senior citizen
5. Dena trade finance
6. Dena vidya laxmi
7. Dena auto finance
8. Dena suvidha
9. Dena consumer loan
# Corporate
Delivery Channels
1. Industrial Finance
2. Corporate Business
Specific Schemes
1. Educational Institutions
2. Builders & Developers
3. Hospitals
4. Hotels & Restaurants
5. Entertainment Industry
# International Banking
1. NRI Deposit Products
i) NON‐RESIDENT (EXTERNAL) RUPEE ACCOUNT SCHEME [NR (E) RA]
ii) FOREIGN CURRENCY NON‐RESIDENT ACCOUNTS (BANKS) SCHEME (FCNR‐B)
iii) NON‐RESIDENT ORDINARY RUPEE ACCOUNT SCHEME (NRO)
2. Account Opening for NRI
Accounts can be opened by remittances from abroad or by transfer of funds
from existing NRE / FCNR Accounts of the same person with other banks in
India or from any branch of our bank.
3. Remittances
i) Dena indiaremit
ii) Wire Transfer
iii) Rupee Draft Drawing Arrangement
iv) Western Union Financial services
[Note: Remittance from abroad can be made in any of the above ways.]
4. Loans and Overdrafts
Loan/Overdraft against NRE/FCNR/NRO Deposits can be availe for NRI as per the
RBI guidelines.
# Services
1. Core Banking Solution
Dena Bank has core banking facilities in there various branches.
2. Delivery Channels
i) Internet Banking
ii) Phone Banking
iii) Dena ATM Sevices
3. Dena Alart Services
Dena Bank has allart service for Customers who have provided the mobile no. at
the time of opening of the account would receive alerts on occurrence of
certain events.
4. Dena BillPay
Dena BillPay is an extremely convenient service that enables you to pay your
various bills directly from your Dena Bank account without the need for cash,
cheques or standing in long queues.
5. Direct Tax Collection
Dena Bank is amongst the scheduled banks authorized to collect direct taxes,
this is an dded convenience for its customers in more than 160 branches across
the country.
6. Bancassurance
Dena Bank is the Corporate Agent of the Life Insurance Corporation of India for
distribution of their life insurance products, this is another value addition
for there customers.
7. Indirect Tax
Dena Bank is also authorized to collect indirect taxes through there various
branches.
8. Distribution of Mutual Funds
Dena Bank is committed to providing a wide range of financial services to there
customers. In pursuance of this commitment, the Bank has tied up with
the several organisations for distribution of their mutual fund products
through selected branches across the country.
9. RTGS / NEFT
10. Dena e‐Tax Pay
i) EPayment of Excise and Service Tax
ii) EPayment of Direct Taxes
iii) EPayment of State Government Taxes
11. Demat Services
Dena Bank apart from normal banking services also offers the capital market
oriented product to it's customers in the form of Demat account called - Dena
Laxmi Demat Account.
# Priority & SME
1. Agriculture
2. Regional Rural Banks
3. Dena Shakti
4. SME Announcement
5. DRDF (Dena RUDSETI)
For more information about Canara Bank please see there website
www.denabank.com (Official website)