Dena Bank was a public sector bank headquartered in Mumbai — nationalised in 1969. It was merged into Bank of Baroda in April 2019 as part of India’s first three-way bank merger (with Vijaya Bank also merging into BoB). Dena Bank no longer exists as an independent entity; its branches now operate as Bank of Baroda.
Dena Bank — Key Facts
| Founded | 1938 — Mumbai |
| Nationalised | 1969 |
| Status | Merged into Bank of Baroda — April 1, 2019 |
| Surviving Entity | Bank of Baroda (BSE: 532134 | NSE: BANKBARODA) |
Who Owned Dena Bank?
Dena Bank was owned by the Government of India — a PSU bank nationalised in 1969. In April 2019, it was merged into Bank of Baroda along with Vijaya Bank — India’s first-ever three-way bank merger. Bank of Baroda (government-owned) is the surviving entity. Dena Bank’s branches, deposits, and loans transferred to Bank of Baroda. See also: Bank of Baroda.