Public sector lender Dena Bank has announced the appointment of Ms Nupur Mitra as the new Chairman and Managing Director of the bank.

Upon holding her new position, Ms Mitra said that her prime focus in the job itinerary would be on SME financing.

She said that the SME segment stands at a layer above the ‘bottom of the pyramid' and exposure in this segment can be considered as a 'safe bet'.

She added that since the level of penetration in this segment is not much, so financing here would also be a profitable deal.

Speaking about capital infusion requirements of the bank, she indicated that the bank would not be needing the same even in the upcoming fiscal.