History:

1969

- The Bank was brought into existence by an Ordinance issued on 9th July, by

the Central Government. The Bank is a Government of India Undertaking and

carries on all types of banking business. Dena Bank was nationalised (and therefore dropped the
'Ltd.' from its name) in 1969 along with 13 other banks in India.

1970

- The Bank Companies Act, 1969, was declared null and void by the Supreme Court on the 10th
February and was made effective retrospectively from 19th July, 1969.

- Under the `Lead Bank' scheme the Bank was allotted 9 districts of which 6 were
in Gujarat, 2 in M.P. and one in the Union Territories of Dadra and Nagar Haveli.

1971

- Branches were opened in most of the lead districts. Bank took up second stage of the lead bank
scheme. District level consultative committees were set up in all the districts.

1978

- The Bank had set up its first regional rural bank in the Kutch district of

Gujarat State in December.

1997

- Rs 6.00 crores Equity issued through prospectus to the public at a prem. of Rs 20 per share.
- Dena Bank one of the premier public sector banks, has introduced Dena
Smart Card, to facilitate anywhere banking. Dena Bank is the first bank to launch this unique
customer friendly product. It is for the first time in India that a Bank is using Smart Card for
storing account details.

- The new card will be known as Dena Credit Card against Can Card, presently offered by

the bank.

- Dena Bank proposes to start an industrial equipment leasing division

during 1997-98, according to Madhukar Umarji, General Manager of

the Bank.

- Dena Bank plans to become a depository participant with National Securities Depositories Ltd

(NSDL). The bank has also signed an agreement with NSDL for dematerialising
its scrips.

- The bank proposes to open 15 branches in the country in the current

year.

- Dena Bank has computerised 250 branches till date out of 1,150 branches and has obtained

World Bank assistance to the tune of Rs.63 crores. The bank has set up 11 ATMs
throughout the country and 20 more are expected to be installed during the year.
- The bank has proposed to increase its average staff productivity to Rs 80 lakh
per employee from Rs 70 lakh. A major leap up will be taken in the field of modernisation, as 50
more branches will be fully computerised during the current year which will make the figure of
95 fully computerised branches.

- Dena Bank has tied up with Visa Card International for providing independent

credit card facility to its customers. Consequently, the bank had decided to call

off the credit card agreement with Canara Bank.

- Dena Bank is the second bank after Union Bank of India to break agreement with Canara Bank

in connection with credit card facility.

- Dena Bank started ATMs at five of its branches that are hooked to Iwadhan, a shared payment
network system in the metropolis spearheaded by Indian Banks' Association

2004

-Dena Bank has informed that the Central Government has appointed Shri P Vijaya Bhaskar,

Chief General Manager, Reserve Bank of India, Mumbai as a Director on the

Board of Directors of Dena Bank with effect from January 09, 2004 and until
further orders, in place of Smt. Grace Koshie, Chief General Manager-in-charge, Exchange
Control Department, Reserve Bank of India, Mumbai.
-Dr. Anil K. Khandelwal has taken over as the Chairman and Managing Director of Dena Bank
Ltd

-Dena Bank signs MoU with International Tractors Ltd for Financing Tractors

-Dena Bank has been adjudged the best commercial bank in Gujarat under
Nabard's Self Help Group - Bank Linkage Programme

-Dena Bank CMD wins award for women empowerment initiatives

-Dena Bank has signed an MoU with Oriental Insurance Company to distribute
the latter's non-life policies

-Dena Bank on July07, 2004 signed a memorandum of understanding with Eicher

Tractor for tractor financing

-Dena Bank has signed a memorandum of understanding (MoU) with Mahindra

Gujarat Tractor Ltd (MGTL), a subsidiary of Mahindra & Mahindra (M&M) Ltd,

for extending financial assistance to farmers buying tractors manufactured by the

company

-Ties up with Escorts Tractors

-Dena Bank inks MoU with M&M for tractor loans
-Western Union joins hands with Dena Bank for inbound remittances
-Dena Bank forges alliance with IIT-C for rural ATM kiosks
Milestones
One among six Public Sector Banks selected by the World Bank for sanctioning a loan of
Rs.72.3 crores for augmentation of Tier-II Capital under Financial Sector Developmental
project in the year 1995.
One among the few Banks to receive the World Bank loan for technological upgradation
and training.
Launched a Bond Issue of Rs.92.13 crores in November 1996.
Maiden Public Issue of Rs.180 Crores in November 1996.
Introduced Tele banking facility of selected metropolitan centers.
Dena Bank has been the first bank to introduce:
Minor Savings Scheme.
Credit card in rural India known as "DENA KRISHI SAKH PATRA" (DKSP).
Drive-in ATM counter of Juhu, Mumbai.
Smart card at selected branches in Mumbai.

Dena open to mergers, acquisitions

Dena Bank, which is set to hit the capital market with its second public issue to raise
additional capital of over Rs 80 crore in mid-January 2005, is bracing for inorganic
growth through mergers and acquisitions.
Anil Khandelwal, chairman and managing director, Dena Bank, said: “Indian banks are in a
consolidation mode and several of them have rationalised their branches and
organisational structure. We are dressing up for consolidation and will look for mergers
and acquisitions after the public issue.” He, however, refused to divulge the name of the
bank, with which the bank is eyeing a merger.
According to industry sources, with the central government’s positive signal for
consolidation, Dena Bank may be merged with Bank of Baroda (BoB) if the latter is not
merged with Allahabad Bank.
With the second public Issue of Rs 80 crores, the bank plans to improve its capital adequacy
ratio to about 12 per cent by March, 2005. As on March 31 this year, the ratio was 9.48
per cent against nine per cent prescribed by the Reserve Bank of India (RBI).
 The bank would issue eight crore shares of Rs 10 each with a price band of Rs 23 to Rs 27
and would net Rs 200 crore.
“The bank has registered a remarkable turnaround in the shortest span of time. The
impressive performance in the last three years has been largely due to initiatives to reduce
cost of deposits and recover non-performing assets,” said Khandelwal.
In 2004 - 05, Dena Bank plans to open about 15 branchest.

Dena Deposit Schemes

» Premium Savings Account Scheme
» Premium Current Account Scheme
» Dena Jeevan SB Account
» Dena Maha Tax Bachat Yojana
» Dena Super Premium Current Account
» Dena Savifix Deposit Scheme
» Dena Freedom Deposit Scheme
» Dena Samruddhi Deposit Scheme
» Dena Fixed Deposit Scheme
» Dena Senior Citizen Scheme
» Dena Recurring Deposit Scheme
» Dena Loan Linked Recurring Deposit Scheme
» Dena Minor Savings Scheme
» Dena Alpa Bachat Khata
» Dena Cash Certificate
Dena FinMart
Dena Loans

Logo
The logo of Dena Bank represents Lakshmi, the Goddess of wealth, according to Hindu
mythology.

It was the desire of the founding fathers of the Bank that the Bank should be a symbol of
prosperity for all its clients, and the logo represents this promise.
The contemporary 'D' in the logo reflects the dynamism, dedication and the drive towards
customer satisfaction

CEO & Chairman

Shri D.L.Rawal Shri Bhaskar Sen

Chairman & Mg. Director Executive Director

Respectability Factor
Dena Bank has been providing Core Banking Solutions since 1969. It has gained public trust and
faith. Unlike other nationalized banks it has simple procedures for the public to acquire loans. It
has been a role model in this aspect. It has maintained steady growth since established.

Address:
Building No.2, 1st Floor. 17, Horniman Circle, Fort
Mumbai - 400023
Maharashtra - India
Phone : 22692175 (R.M), 22692176 (D.R.M)
Fax : 22692176