Dena Bank plans to launch Credit Card in tie-up with SBI

Dena Bank plans to launch Credit Card in tie-up with SBIPublic sector lender Dena Bank has revealed its plans to launch co-branded credit cards in coming months.

According to sources, Dena Bank's credit card would be launched in association with State Bank of India (SBI).

Besides launching credit cards, Dena Bank also plans to open 26 new branches and 12 retail assets centers during the current fiscal, besides 108 off-site ATMs.

Dena Bank’s net profit for the second quarter ended September 30 grew 11.6% at Rs 102.8 crore over the Rs 92.15 crore in the corresponding period a year ago.

Total income of the lender rose 19.5% to Rs 913.6 crore in the September quarter from Rs 764.5 crore in the same period last fiscal.

General: