Dena Bank
_________________________________________________________________________________
Dena Bank - Company Capsule
Reference Code: FS0029CC
Published Date: April 2011
___________________________________________________________________________________________
Dena Bank - Company Capsule Page 1
Dena Bank
__________________________________________________________________________________________
Dena Bank - Company Overview
Dena Bank (DB) is engaged in providing a range of banking and financial services in India. It offers various deposit
products such as Savings, current, and senior citizens accounts, as well as fixed, recurring and loan linked recurring
deposits and minor savings schemes. The services offered by the bank are Dena Cards, online remittance, multi city
cheque, any-branch banking, Internet banking, value-added service, mobile banking, tele-banking, automated teller
machines (ATMs) and online utility bill payment. The bank also offers financial assistance to the business entities which
are engaged in various activities of service, trading and manufacturing. Dena Bank operates through 1,160 branches and
316 ATMs. The bank is headquartered in Mumbai, Maharashtra, India.
Financial Performance
The company reported interest income of INR 40,103.56 million during the fiscal year ended March 31, 2010. The
company's revenue grew at a CAGR of 22.42% during the period 2008-2010 with an annual growth of 16.3% over fiscal
year 2009. During the fiscal year 2010, its operating margin was 20.9% as against an operating margin of 21.1% in fiscal
year 2009. During the fiscal year 2010, the company registered a net margin of 12.7% as against a net margin of 12.3% in
the fiscal year 2009.
Dena Bank - Key Facts
Dena Bank, Key Facts
Dena Corporate Centre,
Ticker Symbol, Stock 532121 (Bombay Stock
Corporate Address: Mumbai, , 400 051, India Exchange)
Exchange
Telephone + 91 22 2189151 No. of Employees 10,525
Fax + 91 22 21896297 Financial Year End March
URL www.denabank.com Revenue (in INR Million) 40,103.56
Industry Financial Services Revenue (in USD Million) 820.95
Locations India
Source: Annual Report, Company Website, Primary and Secondary Research
___________________________________________________________________________________________
Dena Bank - Company Capsule Page 2
Dena Bank
__________________________________________________________________________________________
Dena Bank - Major Products and Services
Dena Bank is engaged in providing banking and financial services in India. The key services of the bank include the
following:
Dena Bank, Major Products and Services
Services:
ATM services
Bancassurance
Credit cards
Debit cards
Dena billpay
Dena e-tax pay
Dena m-banking
Dena xonnect
Deposits
Distribution of mutual funds
Loans
Mobile banking
Multi city cheque facility
Tele banking
Source: Annual Report, Company Website, Primary and Secondary Research
___________________________________________________________________________________________
Dena Bank - Company Capsule Page 3
Dena Bank
__________________________________________________________________________________________
Dena Bank - Key Competitors
The following companies are the major competitors of Dena Bank:
Oriental Bank of Commerce
Bank of India
IDBI Bank Ltd.
Union Bank of India
Indian Bank
Indian Overseas Bank
___________________________________________________________________________________________
Dena Bank - Company Capsule Page 4
Dena Bank
__________________________________________________________________________________________
Dena Bank - Key Employees
Dena Bank, Key Employees
Name Job Title Board Level Since Age
Ramesh Bora Managing Director Senior Management
A Dutta Director Executive Board 2010 55
Anandi Lal General Manager Senior Management
Anil kamat Managing Director Senior Management
B. Vijayendra Director Non Executive Board 2010
Dr Tarsem Chand Director Non Executive Board
Ignatius Almeida Director Non Executive Board 2010 57
J.P. Kurias General Manager Senior Management
kamlesh Goel Director Non Executive Board 2009 61
M. Sharma Managing Director Senior Management
Mukesh Jain General Manager Senior Management
Pritam Singh Director Non Executive Board
R. Acharekar Managing Director Senior Management
R. K. Gupta General Manager Senior Management
R. Sridharan General Manager Senior Management
Rohit Khanna Director Non Executive Board
S. K. Jain General Manager Senior Management
S. R. Bansal General Manager Senior Management
Shri. D. L. Rawal Managing Director, Chairman Executive Board 2009 58
Sunil Gupta Director Non Executive Board
T R Chawla General Manager Senior Management
Source: Annual Report, Company Website, Primary and Secondary Research
___________________________________________________________________________________________
Dena Bank - Company Capsule Page 5
Dena Bank
__________________________________________________________________________________________
Dena Bank - Locations and Subsidiaries
Head Office
Dena Bank
Dena Corporate Centre
Mumbai
Zip: 400 051
India
Tel: + 91 22 2189151
Fax: + 91 22 21896297
Other Locations & Subsidiaries
Dena Bank, Locations
17/B, Horniman Circle
Mumbai 23/5/34, Shivaji Bldg.,Patnam
Zip: 400 023 Guntur
India India
Tel: + 91 22 22624215
Fax: + 91 22 22624215
5th floor. Mangal Kalash Dena Bhavan
Kolkata Bhavnagar
Zip: