State sector lender Dena Bank’s total business grew by 29.4% to Rs. 1 lakh crore during the year ended December 2010. During the one-year period, the bank’s deposits jumped by 26.4% to Rs. 60,479 crore while its advances zoomed 34% to Rs. 41,427 crore. The bank had recently revised its rate of interest on domestic term deposits by 25 basis points to 8.5% per annum effective from January 1.
On the other hand, Union Bank of India has crossed the total global business of Rs 3, 20,000 crore as of December 2010. While deposits grew 23.6 per cent to Rs 1, 86,000 crore, advances increased by 25.6 per cent to Rs 1, 34,000 crore.
