Skip to main content

Dena Bank signs MOU with International Tractors Ltd. (ITL) for providing Channel Financing to the dealers of Sonalika brand of Tractors


Dena Bank entered into an agreement with International Tractors Ltd. (ITL) for providing Channel Financing to the dealers of Sonalika Tractors which is owned by International Tractors Ltd. (ITL)

Dena Bank envisages financing of working capital to dealers of International Tractors Ltd. (ITL) by way of Channel Financing. The purpose of the Channel Financing is to help the dealer to get hassle free finance.

Mr. S K Sharma, General Manager (PS&RRB), Dena Bank and Mr. K N Vigg, Managing Director, International Tractors Ltd., signed the MoU at a function held in Mumbai on Nov 26, 2012..


About Dena Bank

Dena Bank was founded on May 26, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. It became a Public Ltd. Company in December 1939 and later the name was changed to Dena Bank Ltd. Dena Bank is amongst the first nationalised banks to enter equity market in November 1996.  It offers the entire gamut of banking services including Retail Banking, Corporate Banking, International Banking, Services, Priority & SME Banking amongst others. The Bank is the first public sector bank to introduce Tele-Banking facilities for its customers at selected metropolitan centers. Dena Bank offers minor savings scheme, credit card in rural India and customer rating system for rating the bank services. The Bank posted a Total Income of Rs. 2,327.84 crore and a Net Profit of Rs. 239.64 crore as of the quarter ended September 30, 2012

Comments

Post a Comment

Popular posts from this blog

CARE Ratings shares list at 25% premium on NSE

Credit Analysis and Research Limited (  CARE ) has listed at Rs 940, a 25% premium against its issue price of Rs 750 per share on the National Stock Exchange (NSE). The stock hit a high of Rs 955 and low of Rs 930 so far. A combined 1.41 million shares have changed hands on the counter in opening deals on the NSE and BSE. CARE, the second-largest credit rating agency in India, has raised Rs 540 crore by issuing 7.2 million shares through initial public offer (IPO). The company has fixed the issue price at higher price band at Rs 700-750 per share. The IPO attracted bids for 245.56 million shares against 7.2 million shares on offer, translating to 34.11 times subscription, according to information available in basis of allotment.   The category reserved for qualified institutional buyers (QIBs) was subscribed 43 times, while non-institutional investor’s portion received 110 times subscription. Shares reserved for retail investors got subscribed 6.11 tim...
Post a Comment
Read more

Grab latest cool collectibles in eye wear @ Lawrence & Mayo

Retro-classic look returns to eyewear category with a feast of colours ‘ifest’ offer valid till December 31, 2012 L&M to unveil watches & pens this festive season First-of-its-kind exclusive women’s corporate range of pens November 1, 2012: Welcome this season with a new look that will set trends! Lawrence & Mayo (L&M), India’s most trusted opticians for 135 years, and pioneers in ophthalmic optics & instrumentation, unveils the new look for Festive season 2012. Get the latest cool collectibles from Ray Ban, Oakley and Maui Jim from any of the 89 L&M outlets across India to add a zing to your look this festive season. It’s time to go hep and retro as the old adorable classic styles are back again with the most eclectic and exhaustive range of glasses, glares and contact lenses available at L&M stores. Special kids wear collections and sports wear collections are also available for enthusiasts.  Mr. Vivek Mendonsa, Marketing Director, Law...
Post a Comment
Read more

Country Delight Launches NMR-Tested Honey: The Gold Standard of Purity

  Country Delight continues strengthening its promise of delivering the best purity and quality by launching 100% Pure Farm Honey (NMR Tested) Country Delight, a trusted name in premium and natural essentials, has announced the launch of 100% Pure Farm Honey (NMR Tested). Country Delight’s Farm Honey is Nuclear Magnetic Resonance (NMR) tested by a certified lab in Germany, making it one of the most authentic and reliable kitchen ingredients available to Indian homes. It also undergoes rigorous testing on 36 quality parameters as per FSSAI standards, including physicochemical, antibiotic and microbial, to rule out the presence of added sugars. Honey is not just a natural sweetener; it is increasingly valued for its functional benefits. With Country Delight's NMR-tested honey, consumers can enjoy a product that supports wellness through its natural composition, which is rich in antioxidants and phytonutrients and offers advantages over refined sugars.  Adulteration with cheaper ...
Post a Comment
Read more