Pune, July 10: Dena Bank will operationalise its tie up with the Corporation Bank for sharing of ATMs in the next 45 days. Additionally, it is in talks with other private and public sector banks for similar tie-ups to share ATMs. Despite a second consecutive year of making a profit, Dena Bank has not yet declared a profit. This is mainly because it has accumulated losses of Rs 350 crore. Joshi said the bank’s MoU with OM Kotak Mahindra Life Insurance Coto act as a referral agent to sell life insurance and pension products is now available in 60 of its branches.
During the current fiscal, this number will double.
He ruled out a VRS II at Dena Bank, unlike several other public sector banks. He pointed out that the bank’s total strength was 10,553 on March 31, down from well over 10,000 at the time of the VRS in March ‘01. Bureau Report