Dena Bank

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Coordinates: 22°01′59″N 74°53′48″E / 22.033°N 74.8968°E / 22.033; 74.8968

Dena Bank
Traded as BSE532121
Industry Banking, Financial Services
Founded 26 May 1938; 78 years ago (1938-05-26)
Headquarters Mumbai, Maharashtra
Key people

Ashwani Kumar[1] (Chairman and Managing Director)
Smt. Trishna Guha (Executive Director)

Shri Ramesh S Singh (Executive Director)
Products consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards,
Revenue Decrease 10,645.73 crore (US$1.7 billion)[2]
Decrease 925.30 crore (US$140 million) (2016)[2]
Decrease -935.32 crore (US$−150 million) (2016)[2]
Total assets Increase133,441.63 crore (US$21 billion) (2016)[2]
Owner Government of India
Number of employees
Capital ratio 11.00% (2016)[2]

Dena Bank (Hindi: देना बैंक), headquartered in Mumbai and its total branch network stands at 1,773. The bank was founded in 1938 and the Indian government nationalized it in 1969.


Dena Bank was founded on 26 May 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company. It adopted its new name, Dena Bank (Devkaran Nanjee), when it incorporated as a public company in December 1939.

In July 1969 the Government of India nationalized Dena Bank, along with thirteen other major banks. It is now a Public Sector bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970. Under the provisions of the Banking Regulations Act 1949, in addition to the business of banking, the Bank can undertake other business as specified in Section 6 of the Banking Regulations Act, 1949.

See also[edit]


"Dena Bank Opening for Specialist Officers MMGS-II and SMGS-IV"

External links[edit]