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Dena Bank IFSC Code and MICR Code:

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Dena Bank IFSC Code

About Dena Bank

Dena Bank is one of the leading banks that are owned by the Indian Government. On 26 May 1938, this bank was founded by the family of Devkaran Nanjee. Initially, this bank was known as Devkaran Nanjee Banking Company in the open market. In December 1939, when this bank was incorporated as a public company then it adopted its new name as Dena Bank which derived from Devkaran Nanjee. Its head quarter is located in Mumbai, in the state of Maharashtra, in India. According to the latest report, it has 1800 branches and master planned to open nearly 404 new branches in the financial year 2015-16.

It comes with the slogan as "Trusted Family Bank". Along with thirteen other major banks, Dena Bank was nationalized by the Government of India in July 1969. At present, it is a Public Sector bank which is constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970. In addition to the business of banking, under the provisions of the Banking Regulations Act 1949, this Bank can largely undertake other business and its related activities as specified in Section 6 of the Banking Regulations Act, 1949.

Dena Bank IFSC Code and MICR code

The (Indian Financial System Code) is a special 11 digit alphanumeric code that perfectly recognises a particular bank and its branch which is participating in two of the main electronic fund transfer systems in India that are NEFT and RTGS in the open market. The IFSC code for Dena bank permits you to immediately make money transactions on the internet through RTGS, NEFT or IMPS. With the support the interbank electronic fund transfer facility, you can easily transfer money to different banks.

The Dena bank IFSC codes are rightly assigned by the Reserve Bank of India. So, each and every transaction is completely safe and secure. It is to be noted that the initial 6 characters of the code largely remain the same but the last 5 digits normally keep on changing with a change in the bank branch. The initial 6 digits of Dena bank IFSC code are BKDN0******. The MICR code of Dina bank is printed on the cheque leaf. It helps is successfully completing certain online business and financial transaction in a successful manner.

How to Search Dena Bank IFSC and MICR codes?

Finding Dena Bank IFSC and MICR codes is extremely easy because there is a list of comprehensive nature related to the codes for all the branches.
• You should initially change the bank name to Dena bank in order to start your search.
• Just narrow down your desired options by entering the state, city and locality name of the bank branch.
• When you have filled in all the essential details and information, you will immediately get search results that will include phone numbers, address, IFSC code and MICR code of the branch.

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Dena Bank IFSC Code News:

5 Public Sector Banks Records Loss Of Rs 2564 In The 1st Quarter

The first quarter ended in June has revealed the loss of a total Rs. 2564 Crore by the five public sector banks, namely State Bank of India, Oriental Bank of Commerce(OBC), Bank of India(BOI), Dena Bank and Central Bank of India. While combined they have recorded a loss of Rs. 2564 crore, while State Bank of India alone has seen a stark drop of 78 percent in consolidated profit. While a year ago, the SBI has recorded a profit of Rs. 4714 crore, this time, the profit drops to Rs. 1047 crore.  With the provisions for bad loans surging up, the OBC has reported a sharp 61 percent decline in a net profit of Rs. 100.69 crore against a Rs. 257.84 crore at the same time a year ago. The Bank Of India also enlisted their name as they cannot avoid the bad loans. They have recorded a huge loss of Rs. 741.3 crore as the bad loan provision doubled for them, unfortunately. For Bank of India, the provisions and contingencies have been doubled to Rs. 277 crore against Rs. 151 crore a year ago. On the last day of the first quarter, the BOI has witnessed an increase of the Bank’s gross non-performing assets to 13.38 advances, marking a contrast with 6.80 percent in the same time and quarter considering the last fiscal. Central Bank of India was no less to BOI in recording a huge lapse of money as it went to Rs. 600 crore loss, making it the second worse condition bank after BOI. In the previous fiscal it registered a mark of profit of Rs. 203.6 crore. The stipulation for the bad loan has risen to Rs. 1543.65 crore as against a lower mark of Rs. 580.75 crore a year ago. It causes the loss for the 5 public sector union banks in this fiscal year. Bank of Maharastra has registered a mild loss of Rs. 397.40 crore, followed by the Dena Bank with a loss of Rs. 279.35 crore and Allahabad Bank with a loss of Rs. 564.9 crore in the same first quarter. The gross non-performing assets, in regard to Dena bank, has nearly been doubled to 11.88 percent, while a year ago it was 6.20 percent.

2016/08/16 10:54 PM

“Dena Stree Shakti” Account for Women by Dena Bank

Dena Bank recently celebrated Women day with the grand introduction of Dena Stree Shakti which is a new savings account for women in an exclusive manner. While speaking at this event, Dena Bank chairman Ashwani Kumar mentioned that “Dena Stree Shakti” Account for Women comes with a personal accident cover of Rs 2 lakh, two zero-balance accounts for family members, 25% discount on small lockers, 5% cashback on utility bill payments, a shopping limit of Rs 2 lakh and also a personalised Platinum Rupay Debit Card with no annual fee. This saving bank account for women is readily available at all branches of Dena Bank.

2016/03/25 08:39 AM

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