Dena Bank’s 1st overseas office in London by Dec end

By the end of this December, government-owned Dena Bank is to open its first overseas office in London, the bank stated. It has govt approval from Reserve Bank of India and the government. The London branch will be a representative of the bank.

However, in another one year, the London branch of Dena Bank made into full service branch. The bank also wants to open branches in Hong Kong, Nairobi and Johannesburg.

Dena Bank, had witnessed 16.27 per cent growth in credit to Rs 66,456.88 crore in 2012-13, as against Rs 57,159.20 crore outstanding at the end of March 2012, the bank said.