A 'Finmart' is billed as a 'bank within bank'. Besides, the bank which proposes to come out with a public issue of the size of Rs 80 crore (Rs 800 million), would also be starting a cross-border remittance scheme for the benefit of non-resident Indians, executive director M V Nair told PTI on Friday.

Dena Bank's business mix is Rs 2.89 crore (Rs Rs 28.9 million) per employee, Nair said, adding its capital adequacy ratio has moved up from 8.09 per cent to 10.28 per cent with deposit and advances being of the order of Rs 29,800 crore (Rs 298 billion).

Asked if there was any plan to hike the interest rate on housing loans, he said there are different slabs for this segment. The bank has been offering a discount in housing loans on account of the festive season, which ended in November, Nair added.