Ashwani Kumar, CMD Dena Bank presides the Mumbai Vehicle Loan Carnival program to promote Retail Loans

Mumbai, September 12, 2016: Dena Bank India’s trusted family bank, has organized a vehicle loan Carnival in Mumbai which presided over by Chairman and Managing Director (CMD) Ashwani Kumar. Programme was also attended by ED I Mrs. Trishna Guha and ED II Mr. Ramesh S Singh.

L to R: Smt Trishna Guha (ED), Shri Ashwani Kumar (CMD), Shri Ramesh Singh (ED) and Shri RK Bhardwaj (Field General Manager - Maharashtra operations) during the Mumbai Vehicle Loan Carnival program to promote Retail Loans

L to R: Smt Trishna Guha (ED), Shri Ashwani Kumar (CMD), Shri Ramesh Singh (ED) and Shri RK Bhardwaj (Field General Manager – Maharashtra operations) during the Mumbai Vehicle Loan Carnival program to promote Retail Loans

Mr. Ashwani Kumar, handed over sanction letters to select customers from branches of 3 Zonal Offices located in Mumbai. During the first month of carnival, Branches of Maharashtra operations sanctioned more than 1000 vehicle loans for a total amount of around Rs. 60.00 crores. As a part of vehicle loan Carnival bank is offering Vehicle loans to customers at attractive rates with Zero process fees upto 10.10.2016.

Mr. Ashwani Kumar CMD, Dena bank, said that Dena Bank has set up an ambitious target to finance vehicles across the country and he informed that Mumbai is one of target markets to enhance the Bank’s business volumes. The objective of having such credit camps is to promote the Bank’s business and at the same time cater to other credit requirements of customers in the state.

Shri Ashwani Kumar (CMD), Shri Ramesh Singh (ED) and Shri RK Bhardwaj (Field General Manager - Maharashtra operations) hand over car keys to customers during the Mumbai Vehicle Loan Carnival program to promote Retail Loans

Shri Ashwani Kumar (CMD), Shri Ramesh Singh (ED) and Shri RK Bhardwaj (Field General Manager – Maharashtra operations) hand over car keys to customers during the Mumbai Vehicle Loan Carnival program to promote Retail Loans


Dena Bank in its credit endeavors aims to play a vital role in the economic development of the state. Given the good monsoon, Agriculture Credit is expected to improve with its multiplier effect in SME and Retail segments as well. As a niche area of development, Dena Bank focuses on Agriculture, SME and Retail segments where much support is required from the formal banking channel.

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.