January 1, 2013: Shri Ashwani Kumar, a veteran banker, has taken over as Chairman and Managing Director (CMD) of Dena Bank effective January 1, 2013 for a period of five years. A versatile banker, Shri Ashwani Kumar has a rich banking experience of over 31 years serving in Allahabad Bank and Corporation Bank.

Prior to joining Dena Bank, Shri Ashwani Kumar was the Executive Director of the Corporation Bank since December 1, 2010. His tenure in Corporation Bank spread over two years providing a distinct direction to the growth of the Bank. Before his elevation to the post of Executive Director he was working as Field General Manager, New Delhi looking after business development of Bank's eight Zones in north.

Shri Ashwani Kumar, who has a Post Graduate Masters Degree in Chemistry, is a Certified Associate of Indian Institute of Bankers and joined Allahabad Bank in 1981 as Probationary Officer at Lucknow. He has exposure both in rural development and treasury operations, having worked as Lead District Manager and also as Head of Treasury at Integrated Treasury at Allahabad Bank in Mumbai. Before joining the Bank he had a short stint as Executive Trainee in Steel Authority of India. Shri Kumar has a vast experience in Banking both at operational level and administrative level. He has exposure both in rural development and treasury operations having worked as Lead District Manager, Sitapur, and also as Head of Treasury at Integrated treasury at Mumbai.

Having worked as Forex Dealer for around five years, Shri Ashwani Kumar started the bullion desk in the year 1998 at Allahabad Bank's International Branch, New Delhi. He has also worked in Head Office for around five years holding important assignments of Executive Assistant to Chairman & Managing Director, Head of Planning & Development, Marketing, Retail Credit, Publicity, ALM, Treasury Operations and International Business, AML Dept. etc.

Shri Ashwani Kumar has undergone important training at NIBM, JNIDB & BTC, etc. He was also sent for on-the-job training on Bullion at Scotia Mocatta at London & Societe Generale at Paris in the year 2000 and Programme on Leadership Development for Corporate Excellence at NIBM Pune & Kellogg School of Management Chicago, USA in the year 2005.