Hon. Union Finance Minister Shri P.
Chidambaram graced the platinum jubilee celebrations of Dena Bank, India’s
Trusted Family Bank, as the Bank celebrated 75 years of Banking Excellence
since it was founded by late Shri Pranlal Devkaran Nanjee. Dena Bank’s Chairman
& Managing Director Shri Ashwani Kumar and Executive Director Shri A. K.
Dutt welcomed the Union Finance Minister and a host of luminaries from the
world of banking and finance - Hon. Union Minister of State for Finance Shri
Namo Narain Meena; Shri Rajiv Takru, Secretary, Dept. of Financial Services,
Ministry of Finance; RBI Dy. Governor Shri H. R. Khan; CMDs and EDs of other
Banks; retired CMDs, EDs of Dena Bank; Members of Founders family; and senior
officials from Govt. and Reserve Bank of
India; distinguished clients and well wishers.
On the occasion, Hon. Finance Minister
launched Dena Bank Travel Card, Dena Bank Gift Card, Dena Bank Fixed Deposits
thru' online banking, Dena Help - Dena Bank Grievance Redressal and Service
System and free Dena Bank App (Application) for smartphones and tablets. He also
announced that Dena Bank has adopted 32 drought affected villages and provided
101 drinking water storage tanks in Aurangabad and Nashik districts of
Maharashtra as well as donated 100 wheelchairs for the benefit of physically
handicapped to the Indian Red Cross Society, KEM Hospital, Tata Memorial
Hospital, Sir JJ Group of Hospitals (Grant Medical) and Jai Vakeel School for
Children with Mental Retardation and Multiple Disabilities.
On behalf of Dena Bank, Hon. Finance Minister
felicitated Smt. Jyoti Sanghvi and Shri Nirmal Nanjee from the founder’s
family; Dr. Anil Kakodkar, eminent heart surgeon Dr. Ramakant Panda, Monisha
(Mana) Shetty (Actor Sunil Shetty’s wife), cricketer Virat Kohli, playback
singer Parthiv Gohil and Lt. Commander Abhilash Tomy the first Indian to
circumnavigate the globe solo non-stop in 150 days.
Addressing the distinguished gathering, Shri
Ashwani Kumar, Chairman and Managing Director, Dena Bank, said, “Dena Bank is
proud to complete 75 years of glorious service to the Nation and our customers
and the presence of Hon. Union Finance Minister, Hon. Union Minister of State,
Finance Secretary, RBI Dy. Governor and other distinguished dignitaries on this
momentous occasion adds grace and value to our celebrations. On this occasion,
we reaffirm our commitment to excellence in service and to our stakeholders through
our ‘Dena Hai to Bharosa Hai’ ethos.”
During the Platinum Jubilee year, Dena Bank
achieved the following historical milestones: Registered highest net profit of
Rs. 810 crore in FY 12-13; Recommended the highest ever dividend of 47%; Became
a mid-sized Bank by crossing a business mix of Rs.1.50 lakh crore.
On the occasion, Hon. Finance Minister Shri
P. Chidambaram said, “On behalf of the Government of India, let me compliment
Dena Bank on completion of 75 years and this is truly a long time in the lifetime
of an institution. I congratulate all the members of the Dena Bank family for
their achievements and it’s a matter of pride to have over 1.5 crore account
holders and cross the Rs. 1.63 lakh crore business mark! I also urge the Dena
Bank family to move ahead with greater vigour and stronger steps towards the
centenary mark. I’m happy that Dena Bank has launched several new products and
programmes to spread financial literacy and channelize savings.”
“Dena Bank is committed to corporate social
responsibility and as a part of this, the Bank is providing free medical
insurance of Rs. 30,000/- each to farmers’ family members of our Kissan Credit
Card holders benefitting more than 2.25 lakh families. We have earmarked a sum
of approx. Rs. 8 crore for this initiative.
We are also providing scholarship for primary and secondary education to
the girl child of economically weaker section. The Bank has been constantly
making endeavours to quicken the pace of rural development by enlarging the
flow of credit to the priority sector, particularly Agriculture and MSME. In
the area of Financial Inclusion and Direct Benefit Transfer, the Bank has
actively engaged itself. In our Platinum Jubilee year, we have undertaken a
number of CSR initiatives such as Health Check-up Camps, Blood Donation Camps,
etc., all over India,” said Shri Kumar in his speech.
Hon. Minister of State for Finance Shri Namo
Narain Meena added, “I’m glad that Dena Bank is taking steps in the direction
of financial literacy, which is high priority means to address inclusive
growth. I’m glad Dena Bank is one amongst the PSU baks helping the Government
in its Direct Benefit Transfer (DBT) initiative. Each bank has space to grow
and Dena Bank will find its own niche in banking. I’m sure that the staff and
officials of Dena Bank will continue to serve customers with dedication and
dynamism.”
“We realize that there is a need to change
given the changes in the banking environment. The consumer demographics are
changing with continued growth in share of young working population. Multiple
advancements in the field of technology are being leveraged by institutions to
create differentiated positions. The industry is also going to see much more
competition with entry of multiple new banks.
In this context, we have initiated steps towards revisiting our business
model and processes to keep pace with times. To this end, the Bank has made
significant investments in technology,” Shri Kumar added.
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