Page 2 - Dena Bank

Fresh lending dries up at Dena Bank; Q4 net loss widens to Rs 12.25 bn

Dena Bank, in a filing with the BSE, said the RBI had restricted it from assuming a fresh credit exposure and recruiting

Dena Bank Q4 net loss widens to Rs 12.25 bn as bad assets soar 22%

Income for the full fiscal also fell to Rs 100.95 billion, as against Rs 114.33 billion in 2016-17

Dena Bank raises over Rs 401 cr via QIP

Shares of the bank today closed 0.17% up at Rs 30.30 per unit on BSE

Dena Bank planning to raise up to Rs 1,800 cr via QIP

The QIP will close on October 13

Dena Bank to cut MCLR rate by up to 20% from Oct 1 across all tenors

Public sector lender Dena Bank today said it will reduce its marginal cost based lending rates (MCLR) by 0.20 percentage point from October 1. "Dena Bank has reduced marginal cost of funds based lending rate (MCLR) in all tenors," the bank said in a statement. The revised rates will come to effect from October 1, 2017, it said further. For overnight and 3-month tenors, the MCLRs are cut by 0.20 per cent each to 8 per cent and 8.10 per cent respectively. The loans with 3 & 6 month and 1 year tenors will have a reduced MCLR by 0.15 per cent each to 8.05 per cent, 8.20 per cent and 8.25 per cent each respectively. Dena Bank said it has also reduced its base rate from 9.70 per cent to 9.60 per cent from October 1. The MCLR mechanism was introduced into banking system in April 2016 as an alternative to the base rate, below which banks cannot lend, for new borrowers. MCLR is calculated on the marginal cost of borrowing and return on net worth for banks. Dena Bank stock ..

Dena Bank dips 5% even as it trims losses in Q1

The public sector lender reported an improvement with the net loss reducing to Rs 132.65 crore in Q1

Dena Bank trims net loss in Q1

Provides a platform to generate creative solutions, publicity while reducing research overheads

Rising NPAs put Dena Bank under corrective action plan

The bank would share a turnaround strategy plan with the govt for infusion of additional capital

Dena Bank falls over 10% in two days on weak Q4 results

Stock tanked 15% from its 52-week high of Rs 50 touched on May 9 before announcements of results.

Dena Bank to recruit 900 POs through PGDBF course

Last date to register online is May 9, 2017

Dena Bank favours tax benefits on digital payments in Budget

Bank has favoured tax concessions in the upcoming Budget for customers

Dena Bank cuts lending rate by 0.75%

With the reduction in benchmark rate, home, car and other loans linked to MCLR would become cheaper

Dena Bank deploys women officers for loan recovery

Decision was taken after receiving complaints of alleged rough behaviour by some of the bank field staff assigned for recovery of loans

Dena Bank's stressed loan watch list at Rs 12,000 cr

The bank decides to go slow on branch expansion