Hotline: 1800 102 2007
X
Search Business Opportunities
2013-09-09

SMEs, retail need support from banking sector: Dena Bank

Dena bank will have complete focus on Agriculture, SME and Retail segments which need actual support from formal banking channel.

Dena Bank will have complete focus on agriculture, SME and retail segments that need actual support from formal banking channel.

 

In the inauguration ceremony of Dena Bank’s 1,500th branch in Thiruppuvanam, Tamil Nadu, Hon’ble Union Finance Minister P. Chidambaram said that the opening of Dena Bank’s branch in Thiruppuvanam would contribute to economic development of the town and surroundings.

 

“Banks have to support government policies and open new branches to serve urban and rural people who need loans for established businesses, new ventures, agriculture and education. These new branches will ensure the successful implementation of government policies, such as the Direct Benefit Transfer and Food Security Bill,” said Chidambaram.

 

Ashwani Kumar, Chairman and Managing Director, Dena Bank, said that the Bank will play vital role in the economic development in the Sivaganga district and whole Tamil Nadu.

 

He said that “given the good monsoon, Agriculture Credit is expected to improve and its multiplier effect will be felt in SME and Retail segments as well. He also informed that big corporate houses have multiple options for credit, and hence Dena Bank focuses on agriculture, SME and retail segments that need actual support from formal banking channel.”

 

Related opportunities
  • About Us: Kidzonia International PreSchools is a joint venture between Suraka..
    Locations looking for expansion Andhra pradesh
    Establishment year 2014
    Franchising Launch Date 2014
    Investment size Rs. 10000 - 50 K
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Serilingampalli Andhra pradesh
  • Others Food Service
    About Us: Founded in 2016, MOMO JOJO is the most loved..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Bars, Pubs & Lounge
    About : “Retox – The Social Fix” is a brand that..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  •   About Us        Gallantry Salon is world’s first army theme..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts