NEWS & ADVICE : CREDIT CARDS
Dena Bank, SBI to launch co-branded credit card
By Ankit Sharma
Oct 30, 2008
Print    Email    RSS   

A co-branded credit card of Dena Bank and State Bank of India is soon going to float in the market.

Dena Bank Chairman and Managing Director P L Gairola said, "We have plans to launch co-branded credit cards with SBI."

The banker said that their credit card was not making any profit and therefore they decided to tie-up with the country's largest lender, State Bank of India.

Dena bank plans to expand their network by opening 26 new branches, 12 retail assets centers and 108 off-site ATMs by the end of current fiscal.

The core banking solution of the bank will also see a roll-out of 342 more branches that would cover around 74% of the bank's business.

For the second quarter ending September 30th, Dena Bank witnessed a growth of 11.59% to Rs102.83 crore over Rs 92.15 crore in the corresponding period a year ago. Total income of the lender has risen by 19.51% to Rs913.64 crore from Rs 764.5 crore in the same period last fiscal.

Dena Bank has recently announced an increase in interest rate for its fixed deposit scheme.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Rupeetimes guide to different types of...
Prevent yourself from cheque frauds
Electronic fund transfers- making life...
Handle your credit card with care
Privileged banking: make the customer feel...


show my ac,details
Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive