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.
The tier-I capital of Dena Bank declined below 8 per cent by June 30 and this prompted the state-run bank to seek Rs 2,000 crore capital infusion from the central government, reports indicate. Ashwani Kumar, Chairman and Managing Director of Dena Bank expects the central government to provide this
Ashwani Kumar, Chairman and Managing Director of the state-run Dena Bank said the bank decided to set its footprint in the eastern part of the country especially in West Bengal and Bihar. The state-run bank, which is predominantly present in the western part of the country, is turning to east as the region appears less crowded and shows opportunity
Dena Bank proposes to provide financial support to those small and medium businessmen whose projects are viable but are facing short-term liquidity constraints. In this regard, the bank plans to evaluate the scheme for the SME (small and medium enterprises) and r