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At the time of the proposal to merge, the gross NPA ratios of Bank of Baroda, Vijaya Bank and Dena Bank were 12.4%, 6.9% and 22% respectively, [11] and Dena Bank was the weakest among the three in terms of its total business size. [9] The Union Cabinet and the boards of the banks approved the merger on 2 January 2019.
S.No. Name Head Office Sponsor Bank Area of Operations Ref. 1 Aryavart Bank: A-2/46, Vijay Khand, Gomti Nagar, Lucknow-226010 Bank of India: Presence of Aryavart Bank:
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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. [6] [5] The Indian Banks' Association was founded by his vision and leadership in 1946.
Desai was a senior partner in the firm of Messrs. Devkaran Nanjee and Sons, stock, cotton, bullion and exchange brokers.He was also the honorary Treasurer of the Bombay Stock Exchange and one of the founding directors of Devkaran Nanjee Banking Co. Ltd. (later renamed the Dena Bank), on 26 May 1938, and other allied companies with his brother Pranlal Devkaran Nanjee.
The Institute of Banking Personnel Selection (IBPS) is a central recruitment agency operating under the ownership of the Ministry of Finance in the Government of India that was started with an aim to encourage the recruitment and placement of young undergraduates, postgraduates and doctorates at the rank of Group 'A' officer, Group 'B' officer, Group 'C' employee and Group 'D' employee in ...
DeNA, a mobile portal and e-commerce company in Japan; Dena Bank, a bank in India; Deutschen Energie-Agentur , the German Energy Agency; see Nuclear power in Germany; Deutsche Nachrichtenagentur (DENA), broadcaster of the US occupying power in post WWII Germany
The first phase of the bank, with 650 branches and 3,250 post offices as access points, was inaugurated on 1 September 2018. [5] [6] Over ten thousand postmen have been roped into the first phase. [7] [8] By September 2020, the bank had acquired about 35 million customers. [9] The bank had acquired about 40 million customers by December 2020.