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Dena Bank
BSE: 532121|NSE: DENABANK|ISIN: INE077A01010|SECTOR: Banks - Public Sector
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Company History - Dena Bank
1969
 
 
 - The Bank was brought into existence by an Ordinance issued on 19th
 July, by the Central Government.  The Bank is a Government of India
 Undertaking and carries on all types of banking business.
 
 1970 
 
 - The Bank Companies Act, 1969, was declared null and void by the
 Supreme Court on the 10th February and was made effective
 retrospectively from 19th July, 1969.
 
 - Under the `Lead Bank' scheme the Bank was allotted 9 districts of
 which 6 were in Gujarat, 2 in M.P. and one in the Union Territories
 of
 Dadra and Nagar Haveli.
 
 1971 
 
 - Branches were opened in most of the lead districts.  Bank took up
 second stage of the lead bank scheme.  District level consultative
 committees were set up in all the districts.
 
 1978
 
 - The Bank had set up its first regional rural bank in the Kutch
 district of Gujarat State in December.
 
 1980 
 
 - The second regional rural bank was set up in March at Rajnandgaon
 in
 Madhya Pradesh.
 
 1981
 
 - The Third Regional Rural Bank was set up at Patna.
 
 1984 
 
 - The Bank sponsored its fourth Regional Rural Bank at Himatnagar in
 Gujarat.
 
 - Rs 12 lakhs of capital subscribed by Government.
 
 1985
 
 - Rs 13.63 crores of capital subscribed by Government.
 
 1986 
 
 - Rs 7 crores of capital subscribed by Government.
 
 1989
 
 - Rs 20 crores of capital subscribed by Government.
 
 1990 
 
 - Rs 30 crores of capital subscribed by Government.
 
 1991 
 
 - Rs 25 crores of capital subscribed by Government.
 
 1993 
 
 - Rs 50 crores of capital subscribed by Government.
 
 1994
 
 - Rs 130 crores of capital subscribed by Government.
 
 1995 
 
 - Rs 6.11 crores of capital subscribed by Government.
 
 1996 
 
 - Rs 136.29 crores of capital was set off against accumulated
 losses.
 
 1997 
 
 - Rs 6.00 crores Equity issued through prospectus to the public at a
 prem. of Rs 20 per share.
 
 - Dena Bank one of the premier public sector banks, has introduced
 Dena
 Smart Card, to facilitate anywhere banking.  Dena Bank is the first
 bank to launch this unique customer friendly product.  It is for the
 first time in India that a Bank is using Smart Card for storing
 account
 details.
 
 - The new card will be known as Dena Credit Card against Can Card,
 presently offered by the bank.
 
 - Dena Bank proposes to start an industrial equipment leasing
 division
 during 1997-98, according to Madhukar Umarji, General Manager of the
 Bank.
 
 - Dena Bank plans to become a depository participant with National
 Securities Depositories Ltd (NSDL).  The bank has also signed an
 agreement with NSDL for dematerialising its scrips.
 
 - The bank proposes to open 15 branches in the country in the
 current
 year.
 
 - Dena Bank has computerised 250 branches till date out of 1,150
 branches and has obtained World Bank assistance to the tune of Rs.63
 crores.  The bank has set up 11 ATMs throughout the country and 20
 more
 are expected to be installed during the year.
 
 - The bank has proposed to increase its average staff productivity
 to
 Rs 80 lakh per employee from Rs 70 lakh.  A major leap up will be
 taken
 in the field of modernisation, as 50 more branches will be fully
 computerised during the current year which will make the figure of
 95
 fully computerised branches.
 
 - Dena Bank has tied up with Visa Card International for providing
 independent credit card facility to its customers.  Consequently,
 the
 bank had decided to call off the credit card agreement with Canara
 Bank.
  
 - Dena Bank is the second bank after Union Bank of India to break
 agreement with Canara Bank in connection with credit card facility.
  
 - Dena Bank started ATMs at five of its branches that are hooked to
 Iwadhan, a shared payment network system in the metropolis
 spearheaded
 by Indian Banks' Association.
 
 1998 
 
 - Dena bank, which is celebrating its diamond jubilee this year, has
 launched a deposit mobilisation month from February 10 to March 10.
 
 - The rating for the long-term sub-oriented bonds of the
 Rs.100-crore
 Dena Bank has been upgraded from LAA- to LAA, indicating high
 safety.
 The sub-oriented bonds of Rs.200 crore has been assigned an LAA
 rating.
 
 - Dena Bank has adopted a new logo - a contemporary D anchored by
 the
 image of goddess Laxmi.  The D stands for a new attitude and a new
 dedication to service.
 
 - Dena Bank has launched a new term deposit - the `Freedom Deposit
 Scheme' - which provides returns available on term deposits while
 assuring the investors with liquidity.
 
 - Dena Bank on 26.05.98 launched its outstation cheque collections
 service, Dena Zoom, and inaugurated the Dena Institute of
 Information
 Technology as part of its Diamond Jubilee celebrations.
 
 - Ramesh Mishra, had signed a memorandum of understanding with Visa
 International on October 2 in Singapore.  The bank has also signed
 an
 agreement with Equifax Venture Infotek Ltd for providing the full
 range
 of back office support services.
 
 - Dena Bank proposes to issue its own independent credit cards and
 is
 holding talks with VISA International for this purpose.
 
 1999
 
 - Dena bank has launched `Dena Kisan Card' and has aligned with Visa
 International to issue its own credit card.  The card will be
 available
 to customers soon.
 
 - Dena Bank has tied-up with Visa International to launch its Visa
 exclusive credit card.
 
 - Dena Bank has tied up with United Bank of Switzerland (UBS) and
 Commerzbank International of Luxembourg for gold trading, and
 targets
 business worth Rs 3,000 crore in the first year.
 
 - Dena Bank has entered into an agreement with UBS AG Zurich and
 Commerz Bank International SA Luxemberg for supply of gold on a
 consignment basis to enable the bank to retail gold in India.
 
 2000 
 
 - The Company has appointed Sharepro Services as its R&T agent in
 place
 of PCS Inds Ltd.
 
 - Dena Bank to launch `debt card', market insurance products in a
 bid
 to boost its retail banking activity and increase business by over
 Rs
 23,000 crore by this fiscal.
 
 - A G Pradhan has joined Dena Bank has chief vigilance officer.
 
 - Dena Bank has launched a housing loan scheme -- `Dena Niwas Loan'
 targetted at housing activity in greater Guwahati.
 
 - Mr. S.C. Vohra, Currently General Manager, Punjab & Sind Bank, has
 been appointed as a whole-time director.
 
 2001 
 
 - The Bank has closed its issue of unsecured non-convertible
 debentures
 after raising the targeted Rs 75 crore.
 
 - Dena Bank has entered into an alliance with HDFC Bank to optimise
 customer service.
 
 - The employees of Dena Bank observed a token strike on 28th March
 in
 protest against the closure of more than 100 branches of the bank
 all
 over the country.
 
 2002
 
 - Dena Bank has informed that the Central Govt. has appointed Mr.
 Sudhir Kumudchandra Joshipura, as a Workmen Employee Director on the
 Board of Directors of Dena Bank for a period of three years.
 
 -A K Rai appointed as Director on the Board of Dena Bank.
 
 2003
 
 -Dena Bank issues 190 notices to defaulters comprising of Rs.316crs.
 
 -Bank members have elected the directors of the shareholders which
 includes
 Shri Subash Chandra Wadhwa, Shri Atul Ashok Galande, Shri Chintaman
 Mahadeo
 Dixit and Shri Manu Chadha.
 
 -Dena Bank introduces two new schemes to suit Indian residents and
 non-resident 
 Indians.
 
 -Dena Bank recovers 16.56cr  NPA from 32 parties at a Lok Adalat.
 
 -Central Government appoints Mr.B T R Reddy as Officer Employee
 Director of Dena Bank.
 
 -Approved the raising of equity share capital of the Bank by Rs.80.00
 crores i.e. to increase the issued, subscribed and paid up capital of
 the Bank from 20,68,23,200 shares at Rs.10/- per share i.e. total
 Rs.2,06,82,32,000/- to 28,68,23,200 shares at Rs.10/- per share i.e.
 Rs.2,86,82,32,000/- by way of Second Public Issue.
 
 -A meeting of the Board of Directors of Dena Bank will be held on
 November 27, 2003 to consider inter alia and if thought fit to
 approve the prospectus to be filed with SEBI in connection with the
 Banks proposed second public offer.
 
 -Dena Bank has informed that the Chairman & Managing Director, Shri
 A.G. Joshi has retired on December 31, 2003 on attaining the age of
 superannuation i.e. December 31, 2003 after close of office hours and
 ceased to be Director of the Bank w.e.f. January 1, 2004.
 
 2004
 
 -Dena Bank has informed that the Central Government has appointed
 Shri P Vijaya Bhaskar, Chief General Manager, Reserve Bank of India,
 Mumbai as a Director on the Board of Directors of Dena Bank with
 effect from January 09, 2004 and until further orders, in place of
 Smt. Grace Koshie, Chief General Manager-in-charge, Exchange Control
 Department, Reserve Bank of India, Mumbai.
 
 -Dr. Anil K. Khandelwal has taken over as the Chairman and Managing
 Director of Dena Bank Ltd
 
 -Dena Bank signs MoU with International Tractors Ltd for Financing
 Tractors
 
 -Dena Bank has been adjudged the best commercial bank in Gujarat
 under Nabard's Self Help Group - Bank Linkage Programme
 
 -Dena Bank CMD wins award for women empowerment initiatives
 
 -Dena Bank has signed an MoU with Oriental Insurance Company to
 distribute the latter's non-life policies
 
 -Dena Bank on July07, 2004 signed a memorandum of understanding with
 Eicher Tractor for tractor financing
 
 -Dena Bank has signed a memorandum of understanding (MoU) with
 Mahindra Gujarat Tractor Ltd (MGTL), a subsidiary of Mahindra &
 Mahindra (M&M) Ltd, for extending financial assistance to farmers
 buying tractors manufactured by the company
 
 -Ties up with Escorts Tractors
 
 -Dena Bank inks MoU with M&M for tractor loans
 
 -Western Union joins hands with Dena Bank for inbound remittances
 
 -Dena Bank forges alliance with IIT-C for rural ATM kiosks
 
 2005
 
 The second public issue opened on January 24, 2005 and closed on
 January 29, 2005. The issue had got overwhelming response from
 investors and substantially oversubscribed.
 
 -  Life Insurance Corporation of India signs 32nd bancassurance
 agreement with Dena bank on April 29, 2005..
 
 -Dena Bank appoints Shri M V Nair as Chairman & Managing Director
 (CMD) for a period of five years
 
 -Dena Bank inks agreement with Small Industries Development Bank of
 India
 
 -Dena Bank inks agreement with SIDBI
 
 -Dena Bank rolls out 'no frills' banking
 
 -Dena Bank join hands with LICMF.
 
 2006
 
 =Dena Bank and Union Bank of India have tied up with Small Farmers
 Agri-business Consortium (SFAC) to facilitate growth of agri
 business.
 
 2007
 
 -Dena Bank has appointed Mrs. Smita Vijayanand Pandit (Chief Manager
 -IRC & Company Secretary) as Compliance Officer in place of Shri M.G.
 Sanghvi with immediate effect, who will directly liaise with the
 authorities such as Stock Exchanges, SEBI, ROC etc.
 
 2010
 
 - Dena Bank has nominated Shri Ignatius Marshal, Almeida, Manager
 Dena Bank as Officer Employee Director on the Board of Dena Bank, for
 a period of three years from the date of notification and /or upto
 November 30, 2012 i.e. the date of superannuation or until he ceases
 to be an officer of the Dena Bank, or until further orders whichever
 is the earliest.
 
 - Dena Bank has Shri A. K. Dutt, as a whole time director (designated
 as Executive Director) of Dena Bank.
 
 
 2011
 
 - Smt. Nupur Mitra, as the Chairman & Managing Director of Dena
 Bank.
 
 - Dena Bank has informed BSE that the Bank has allotted 4,65,65,874
 equity shares of Rs. 10/- each at a premium of Rs. 105.75 per share
 to the Government of India in the name of President of India.
 
 2012
 
 - State run Dena Bank gained nearly 4 per cent on the Bombay Stock
 Exchange (BSE) after it announced capital infusion of Rs 151.24 crore
 through issue of preference shares to LIC.
 
 - Appointment of Shri Ashwani Kumar as Chairman & Managing Director,
 Dena Bank.
 
Source : Dion Global Solutions Limited
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