Dena Bank Ties up with Bankbazaar.com for Online Branding and Retail Loans Business Generation

Dena Bank, India’s trusted family bank, entered into a tie-up arrangement with the leading Online Financial Product Aggregator bankbazaar.com for capturing retail loan business through the bankbazaar.com online platform. The tie up with bankbazaar.com for Retail Loans – Housing, Car, Used Car loans and Savings Account will further strengthen the banks online presence and significantly support the Banks growing Retail Portfolio in line with the Digital India initiative.   

Dena Bank Executive Directors--- Smt. Trishna Guha and Shri. R.K. Takkar ---graced the occasion where the MOU was signed by Shri K.C.Chhipa, GM - Dena Bank and Mr. Adhil Shetty, CEO. bankbazaar.com at Dena Bank Head Office, BKC, Mumbai. The tie up with bankbazaar.com also highlights the bank’s strategy to augment its Retail Loan portfolio by leveraging digital channels and increasing its presence in the digital/online space.

Recently Dena Bank has launched a Home Happiness campaign for Home loans wherein attractive interest rates with Nil Process Fee is being offered to customers. During this campaign period, bank is also offering concessional interest rates for Home loan with Car loan and Home loan with Furniture Fixture loan combo offers.

About Dena Bank:

Dena Bank was founded on May 26, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. It became a Public Ltd. Company in December 1939 and later the name was changed to Dena Bank Ltd. Dena Bank is amongst the first nationalised banks to enter equity market in November 1996.  It offers the entire gamut of banking services including Retail Banking, Corporate Banking, International Banking, Services, Priority & SME Banking amongst others. The Bank is the first public sector bank to introduce Tele-Banking facilities for its customers at selected metropolitan centers. Dena Bank offers minor savings scheme, credit card in rural India and customer rating system for rating the bank services. During the quarter ended December 2014, Dena Bank posted net profit of Rs. 76.56 crore and Total Income of Rs. 2,868 crore. Total Business of the Bank as on December 31, 2014, was Rs. 1,82,263 crore. As of January 2015, the number of branches is 1,670 branches through 27 zonal offices; 646 rural branches including 78 satellite branches; 338 semi-urban branches; 316 urban branches; and 370 metro branches. Bank has provided 1,432 on-site ATMs and 123 off-site ATMs.