Dena bank is one nationalized bank that falls into the group of banks which made the Indian banking sector come into limelight in the global arena. It had begun its race quite early, as early as 1938.
The government in August 2019, announced a merger of ten public sector banks to four. One of the benefits of consolidation is higher operational efficiency gains to reduce cost of lending according to the official presentation made at the time of announcing the merger
Vijaya Bank and Dena Bank were merged with Bank of Baroda. After the merger of Dena Bank with Bank of Baroda, new account numbers, IFSC and MICR numbers are being issued to customers.