The Reserve Bank of India (RBI) has excluded Dena Bank and Vijaya Bank from the second schedule of the RBI Act, with effect from April 1, 2019. The public sector lenders were merged into Bank of Baroda at the beginning of the current financial year and, hence, ceased to operate as banking companies separately.
Dena Bank is engaged in providing banking services. Its services include treasury, corporate/wholesale banking, retail banking, mobile banking, phone banking, internet banking, international banking, dena automated teller machine (ATM) services and visa bill pay etc.
