Dena Bank

Dena Bank is a nationalized bank India that was founded in 1938 and is one of India’s oldest banks. It is one of the most prestigious and trusted family banks with branches all across India.

It was founded by the Devkaran Nanjee family and was incorporated as a Public Company in India in December of 1939.

This bank has a substantial market share in the banking sector in India.

The bank’s head office is located in Mumbai and it has over a 1000 networks all across India. The 295 ATMs spread all over India make it convenient for members to access their money whenever they need it. Core banking was introduced in the bank in March of 2007. More than half of the Bank’s branches are located in India’s western states of Gujarat and Maharashtra.

Dena Bank is one of the 13 banks in India that were nationalized in 1969. it offers a host of services to its clients including core banking solutions, internet banking, ATM services, RTGS/HEFT, distribution of mutual funds and direct tax collection among others. It also offers loans in the form of car loans, personal loans, home loans, educational loans among other loan schemes.

Home loans at Dena Bank are provided by the bank under the umbrella name Dena Niwas Home Loan. This is a loan’s scheme that offers members to funds to buy a plot of land, a home that is already completed or one that is still under construction. Loans are also on offer to furnish or even repair your home. The bank also offers its members the option of shifting an existing loan to another financial institution or bank like HSBC or Punjab National Bank.

The bank also offers a number of international banking finances like trade finance. One of the most revolutionary services offered by the bank is the Dena e-Tax pay. This service simplifies the process of paying taxes by allowing clients to pay their taxes through the Bank’s Internet banking service. This service offers the option of paying taxes in two different sectors the EPayment of Excise and Service Tax and the EPayment of Direct Taxes.

The great reach that Dena Bank has in terms of branch networks makes it a big player in the banking sector in India. The cost of depositing money into this bank is said to be one of the lowest in India’s banking sector. The government owns 51% of the bank and that basically makes it a public sector entity.