Dena bank targets business of Rs1.26 lakh crore in 3 years

Dena bank targets business of Rs1.26 lakh crore in 3 years
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First Published: Fri, May 15 2009. 12 18 PM IST
Updated: Fri, May 15 2009. 12 18 PM IST
Kochi: “Public-sector lender Dena Bank aims to touch a business of Rs1,26,000 crore in the next three years, with plans to open 400 new branches,” a senior official has said.
“The bank’s current year business target was Rs85,000 crore against last year’s Rs72,000 crore,” banks’ chairman and managing director D.L. Rawal said.
Dena bank would be adding 100 new branches this year, including 10 branches in Chennai region and three in Kerala at Cheratlla, Muvattupuzha and Angamally. It has opened four retail asset branch and would be opening eight more, including one at Chennai. There were also plans to open three corporate business branches one each in New Delhi, Kolkata and Chennai.
It currently has 1,186 branches spread across 24 states. At present, Kerala has 10 branches and a new branch was opened on Friday.
With the opening of more branches, the bank would be increasing its present staff strength from 9,900 to add another 1,290 clerical staff and 550 officers.
“The growth this year is likely to be around 20-22% against last year’s 26%,” he said.
“The bank would focus on housing, car, and educational loans,” he said.
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First Published: Fri, May 15 2009. 12 18 PM IST