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About Us > Partners > Dena Bank
Dena Bank was founded in the year 1938 by Shri. Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. It became a Public Limited Company in December 1939 and then its name was changed to Dena Bank Ltd.
In July 1969 Dena Bank Ltd., along with 13 other major banks was nationalized and is now a Public Sector Bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970.
Clocking an Operating Profit of Rs. 1350+ Crores (FY 2016-17), the Bank has created a lot of historic milestones in the past. It became one among the six Public Sector Banks selected by the World Bank for sanctioning a loan of Rs.72.3 crores for augmentation of Tier-II Capital under the Financial Sector Development project of the year 1995. Dena Bank has been an innovator in creating offerings for its customers and has pioneered concepts like Drive-in ATM counters, Minor Savings Scheme etc.
Carrying on the journey of fulfilling its vision of emerging as the most preferred Bank of Customer’s choice, Dena Bank and Apollo Munich entered into an exclusive strategic Standalone Health Insurance partnership in Feb 2017 to offer out of the box Health Insurance Solutions to all its customer segments through its 1874 (As on 31st March 2017) banking branches.
Apollo Munich feels proud to be a part of the success story of Dena Bank and is raring to create many more milestones in the Bank’s upcoming journey.
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