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12 PSU banks firming plans to raise funds from markets

12 PSU banks firming plans to raise funds from markets

Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.

Nine out of 21 public sector banks reported losses in FY17

Nine out of 21 public sector banks reported losses in FY17

Nine of the 21 public sector banks, including IDBI Bank and Indian Overseas Bank, reported losses during 2016-17, the parliament was informed on Tuesday.

PCA doesn't constraint bank's normal operations: RBI

PCA doesn't constraint bank's normal operations: RBI

The RBI on Monday said its prompt corrective action (PCA), initiated in case of some public sector banks with high NPAs, is a supervision tool and does not constrain normal banking operations for the public.

Govt keen to push ahead with more PSB consolidation

Govt keen to push ahead with more PSB consolidation

Fresh from the successful merger of five associates with SBI, the government is looking to consolidate more public banks going forward, with an aim to create only a few lenders of global size and scale.

Govt approves second tranche of capital infusion in PSU banks

Govt approves second tranche of capital infusion in PSU banks

The government has approved the second tranche of capital infusion in public sector banks to enhance their capital base.

Dena Bank registers Rs 44 crore loss in September quarter

Dena Bank today reported a loss of Rs 44.3 crore for the September quarter on account of higher provisions for bad loans.

Dena Bank, SBBJ cut lending rate, effective from November 1

Dena Bank, SBBJ cut lending rate, effective from November 1

Two public lenders Dena Bank and State Bank of Bikaner and Jaipur (SBBJ) today cut benchmark lending rates by up to 0.1 percent.

Dena Bank lowers lending rate by 0.05%s to 9.40%

Dena Bank lowers lending rate by 0.05%s to 9.40%

Under the revised rates, the one-year MCLR has been fixed at 9.40 percent while the most competitive overnight MCLR is 9.15 percent, the Ahmedabad-based bank said in a statement. The revised rates will be applicable from today.

Dena Bank to seek board approval to dilute govt stake

State-owned Dena Bank Tuesday said it will seek board approval on Thursday to dilute government stake up to 52 percent.

Dena Bank dips 6.5% post Q2 results

 Dena Bank's scrip today fell by 6.5 per cent after the company reported a fall of 24.85 per cent in net profit during July-September quarter of 2015-16.

Dena Bank net plummets 81% as bad loans jump in Q1

Mid-sized public sector lender Dena bank on Thursday said its net profit for the June quarter plunged 81.4 percent to Rs 15.16 crore on account of higher operating expenses as well as provisioning for bad loans.

Dena Bank to sell small ticket bad loans to ARCs

For the first time, mid-sized state-run Dena Bank is planning to sell small ticket non-performing assets of up to Rs 2 lakh to asset reconstruction companies (ARCs) in the current quarter.

Dena Bank net plunges 70% as bad loans & wage provisions soar

Dena Bank shares closed 2.88 percent up at Rs 51.85 apiece on the BSE.

RBI slaps Rs 4.5 crore penalty on Dena Bank, OBC, Bank of Maharashtra

RBI on Wednesday slappeds Rs 4.5 crore penalty on Dena Bank, OBC and Bank of Maharashtra for violation of KYC norms.

Dena Bank, LIC sign MoU to provide life cover under PMJBY

Under the Memorandum of Understanding, LIC will give a life cover of Rs 2 lakh in case of death of the insured person at a nominal premium of Rs 330 per annum.

Dena Bank plans lower price to sell around Rs 500 cr NPAs

The bank, which is still fighting high bad loans, had put on auction Rs 400-500 crore of stressed assets in the last quarter for asset reconstruction companies (ARCs).

Dena Bank profit up 13% at Rs 76.5 crore in Q3

The bank's net profit in the same quarter last year stood at Rs 67.8 crore.

Dena Bank plans to raise Rs 1,000 crore from bonds

The bank is planning to raise Basel-III compliant Additional Tier 1 (AT1) bonds for an amount of Rs 1,000 crore, through private placement, Dena Bank said in a statement Tuesday.

Dena Bank, OBC shares fall amid concerns over Rs 436 cr scam

Shares of Dena Bank and Oriental Bank of Commerce plunged up to 5 percent amid concerns related to a suspected scam.

Govt orders forensic audit on OBC, Dena Bank for Rs 436 cr FD scam

The government has initiated a forensic audit at the state-run Oriental Bank of Commerce and Dena Bank after unearthing of a suspected scam, wherein the lenders allegedly misappropriated funds worth Rs 436 crore from their fixed deposit customers.