Mumbai, Jun 30 (KNN)  Dena Bank will be strengthening its retail process hubs and SME processing centres and establish 200 E-lobbies across the country, its Chairman and Managing Director Ashwani Kumar, has said.

Addressing the shareholders of the bank, he said, "The Bank’s strategy in maintaining its momentum of growth shall be multipronged.  In order to expand its customer base and enhance customer service, bank will be opening new branches in various parts of the country, establish specialised NRI branch, strengthen retail process hubs and SME Processing centres, establish two hundred E-lobbies across the country, provide cash management service and issue RuPay Platinum Debit Card.
 
“Further, bank shall concentrate on thrust areas such as MSME, Retail and Agriculture and diversity its credit portfolio,” he added.
 
Also in line with the Government of India initiatives on financial inclusion, the bank, he said would embark upon its urban financial inclusion plan by providing banking services to migrant workers/labourers in select urban areas of Gujarat and Maharashtra.
 
With regard to performance of the Dena Bank, he said, it has been able to register all round growth in various parameters.
 
“During this year also, in line with national priorities, deployment has been strategically focused with emphasis on MSME and retail credit.  While MSME loans stood at Rs 13,217 crore showing an increase of 23.84 per cent, retail credit stood at Rs 9,706 crore, showing an increase of 25.67 per cent.  The loans to agriculture sector stood at Rs 8,016 crore registering a growth of 19.30 per cent as of March 2014,” he said.  (KNN/ES)