NEWS & ADVICE : SAVINGS ACCOUNTS
Dena Bank planning to expand its business and banking network
By Vaibhav Aggarwal
Jun 20, 2014
Print    Email    RSS   

Public sector lending bank- Dena Bank is focusing for loans up to Rs 500 crore to the Small and Medium Enterprises (SME) segment in Uttar Pradesh in the current fiscal year. In order to make the loan transactions easier and smoother bank has planned to set up specialised NRI Branches, Retail Processing Hubs and SME Processing Centre across the country.

The bank is targeting to enhance its business and grow by 20% from its business size of about Rs 1,89,000 crore last fiscal. At present bank is having total number of 1,633 branches, bank is planning to launch 300-400 more. Bank is making all the measures to expand its banking services. Bank has already established on-site ATMs in many branches and is further thinking to come up with 200 e-lobbies across India in addition to Cash Management Services.

The Bank has procured 2,000 Micro ATMs to equip Business Correspondents engaged in rural areas. Bank also reported that the bank is focusing on small advances to the agricultural and SME segments that will assist them in improving the lending portfolio and credit ratio.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
12 point conduct checklist for bank and...
Steps to file Income Tax return online
How to check balance in savings bank account
Carnival of Indian Personal Finance Blogs #1
Carnival of Indian Personal Finance Blogs #3


how to check i other State bank of india savings...
As Iam a NRE account holder the bank did not provide...
DEBIT CARD VALID FROM 07/20113 VALID UPTO 07/2016 SO...
i want to know my saving bank account balance OF...
how to get CIF no. of my SBI account
MY A/C NO. 190104000041627, MY ACCOUNT BALANCE

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive