Last 68.05 INR
Change Today +0.95 / 1.42%
Volume 2.0M
DBNK On Other Exchanges
Natl India
As of 6:30 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

dena bank (DBNK) Snapshot

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52 Week High
06/9/14 - 94.45
52 Week Low
08/28/13 - 41.80
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dena bank (DBNK) Details

Dena Bank provides banking products and services in India. Its deposit products include savings, current, and senior citizens accounts; fixed, recurring, and loan linked recurring deposits; minor savings schemes; cash certificates; deposit scheme to avail income tax benefit and Samruddhi deposit scheme; and online term deposits. The company also offers various loan products, including housing loans, educational loans, personal loans, auto finance products, consumer durable loans, trade finance products, gold loans, mortgage loans, and senior citizen pensioners’ loans, as well as finance against rent receivables, loans for vocational education and training, and loans for medical practitioners. In addition, it provides corporate banking services. Further, the company offers international banking services consisting of deposit products, loans and overdrafts, and remittance and other facilities to non-resident Indians, as well as provides trade finance services, including export, import, correspondent banking, and remittance services. Additionally, it offers various banking products and services for the priority, and small and medium enterprises. The company also provides Internet, phone, and mobile banking services; ATM services; e-tax pay services; alert services; bill payment services; prepaid cards; public provident fund accounts; treasury and inbound remittances services; direct and indirect tax collection services; bancassurance; demat services; prepaid cards; treasury services; and online share trading services, as well as distributes mutual funds and insurance products. As of March 31, 2014, it operated 1,633 branches. The company was founded in 1938 and is headquartered in Mumbai, India.

Founded in 1938

dena bank (DBNK) Top Compensated Officers

Chairman, Managing Director, Chairman of Comm...
Total Annual Compensation: 2.4M
Executive Director, Chairman of Sub-Committee...
Total Annual Compensation: 1.2M
Executive Director, Member of Share Transfer ...
Total Annual Compensation: 247.0K
Compensation as of Fiscal Year 2014.

dena bank (DBNK) Key Developments

Government Plans To Merge Public Sector Banks

Government is looking to make a merger of public sector banks. Government has asked IDBI Bank Limited (BSE:500116) and United Bank of India (BSE:533171) to prepare a consolidation plan of their merger. Sources said that Finance Ministry and state run banks are looking at other merger option. Government want to give a booster to the weaker entities and is also keen on knowing the blueprint keeping in mind human resource issues, geographical spread and technology platforms while merger. Dena Bank Ltd. (NSEI:DENABANK) may be allowed to merge with Punjab National Bank (BSE:532461), while Oriental Bank of Commerce (BSE:500315) may be headed for integration with Bank of India (NSEI:BANKINDIA). Although the proposals are only at preliminary discussion stage, Bank of Baroda (NSEI:BANKBARODA), Canara Bank Limited (BSE:532483) and Union Bank of India (BSE:532477) have been identified as potential acquirers for the weaker entities. Dena Bank, Allahabad Bank (BSE:532480) and UCO Bank (NSEI:UCOBANK) are also waiting for a helping hand. Sources also said that the merger of IDBI and United Bank would make a perfect sense. MS Raghvan, Chairman and Managing Director of IDBI said, "Nothing has emerged." United Bank executive said there were discussions but bank had not been asked to prepare a blueprint. Arundhati Bhattacharya, Chairman of State Bank of India (BSE:500112) could not be reached for comment but in a recent interview she had backed the idea of merger of subsidiaries.

Government To Reduce Its Stake In IDBI Bank, Syndicate Bank And Dena Bank

The goverment is planning to reduce its stake in Dena Bank Ltd. (BSE:532121), IDBI Bank Limited (BSE:500116) and Syndicate Bank Limited (BSE:532276) enabling the lenders to raise equity from the public though it will continue to hold majority stake. The news was confirmed by Arun Jaitley, Finance Minister.

Dena Bank Announce Board Changes

Dena Bank announced that in exercise of the powers conferred by clause (e) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 /1980 read with sub-clause (1) and (2) of clause 9 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Central Government, vide notification dated November 23, 2011 had appointed Shri Satya Prakash Sharma, Dena Bank as Workmen Employee Director on the Board of the Bank, from the date of notification of his appointment till June 30, 2014 that is the date of his attaining superannuation or till he ceases to be a workmen employee of Dena Bank or until further orders, whichever is the earlier. As per above notification, the term of Shri Satya Prakash Sharma, ceases as a Director on the Board of the Bank effective July 01, 2014 after attaining his superannuation on June 30, 2014.


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