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Nov 6, 2008

Dena Bank ties up with SBI Cards

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State-run Dena Bank has tied up with SBI Cards & Payments Services Pvt Ltd to launch a co-branded credit card in order to boost its fee-based income, according to media reports. The bank had its own credit card with a member base of 10,000 including 6,000. SBI Cards is a joint venture between State Bank of India, the country's largest lender, and GE Money. Shares in the bank ended 7.23 percent higher at 31.15 rupees in a firm Mumbai market.


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