Dena Bank, in July 1969 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. The Headoffice of Dena Bank is in

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Mumbai
B	Chennai
C	Gurugram
D	Kolkata

Explanation:

Detailed explanation-1: -Dena Bank was founded on 26 May 1938 by the sons of Devkaran Nanjee-Choonilal Devkaran Nanjee, Pranlal Devkaran Nanjee & other family members under the name Devkaran Nanjee Banking Company.

Detailed explanation-2: -It became a Public Limited Company in December 1939 and later the name was changed to Dena Bank. In July 1969 Dena Bank 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.

Detailed explanation-3: -The scheme comes into force on the 1st day of April 2019. Consequently, all branches of Vijaya Bank and Dena Bank will function as branches of Bank of Baroda from April 1, 2019. Customers, including depositors of Vijaya Bank and Dena Bank will be treated as customers of Bank of Baroda with effect from April 1, 2019.

Detailed explanation-4: -State-run Bank of Baroda on Sunday said it has completed integration of 3, 898 branches of erstwhile Vijaya Bank and Dena Bank with itself.

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