Dena Bank was founded in 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. It became a Public Ltd. Company in 1939 and later the name was changed to Dena Bank Ltd. It has over 1100 branches.The logo of Dena Bank depicts Goddess Lakshmi, the Goddess of Wealth. It was one among the few Banks to receive the World Bank loan for technological upgradation and training. It went to public on 1996. Dena bank was one among the 6 Public Sector Banks selected by the World Bank for sanctioning a loan of Rs.72.3 crores for augmentation of Tier-II Capital under Financial Sector Developmental project in the year 1995.