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Dena Bank in association SBI intents credit card biz

Dena Bank to launch credit card in a tie-up State Bank of India

Apnaloan.com Research Bureau

01 Sep 2008

Dena Bank to launch credit card in a tie-up State Bank of India .As reported by Business Line Chairman and Managing Director of Dena Bank, Mr P.L. Gairola, said, "We have not been very aggressive in this business. Our credit card base has been around 10,000 customers and we are confident that with this  tie-up with the SBI, we will get a very broad card base"

For the revenue sharing of this credit card venture, both the banks would settle by negotiation.

Dena Bank intends to increase over 26 branches during the year. It has proposed to increase its ATM network also from 325 to 475.