Dena Bank | The Asian Age

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The government, unintentionally, seems to be killing public sector banks. (Representational image)

Merger of 3 banks: Danger lies ahead

The merger will create India’s third largest bank, with total business worth Rs 14.82 lakh crores.

20 Sep 2018 1:45 AM

Investors, sectoral experts and bankers are all now speculating the next wave in bank mergers.

Fingers crossed over next wave of bank mergers

Currently there are nine banks still placed under the prompt corrective action (PCA) framework of the RBI.

19 Sep 2018 11:26 AM

Post this merger, the number of PSU banks will come down to 19.

Dena Bank surges 20 pc; BoB tumbles 14 pc post merger announcement

Shares of Bank of Baroda dived 13.76 per cent to Rs 116.50 and Vijaya Bank lost 2.59 per cent to Rs 58.25.

18 Sep 2018 12:55 PM

The boards of the banks would meet separately to clear the merger.

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's

The merged entity will have a market share of about 6.8 per cent by loans, according to data as of March 2018.

18 Sep 2018 10:58 AM

The combined bank capital post merger is 92 per cent CET1 (core equity capital) and it is not to save Dena Bank but to lend more, get more deposits.

Vijaya, Dena, Bank of Baroda in 3-way bank merger

Merged entity will be 3rd largest bank after SBI and PNB in terms of size, deposits and will continue to receive capital support from govt.

18 Sep 2018 10:29 AM

Finance minister Arun Jaitley speaks during a press conference in New Delhi. (Photo: PTI)

Dena Bank, Vijaya Bank and Bank of Baroda to be merged, says govt

The merged entity will have a combined business of Rs 14.82 lakh crores, with 10,000 branches and around 85,000 employees.

18 Sep 2018 1:04 AM

Dena Bank on Friday reported widening of its net loss to Rs 1,225.42 crore in the March quarter on mounting bad loans and higher provisioning to cover them.

Dena Bank widens Q4 net loss at Rs 1225 cr as bad assets soar

For the entire fiscal, 2017-18, the bank has posted a net loss of Rs 1,923.15 crore.

11 May 2018 5:22 PM

South Delhi Municipal Corporation (SDMC)

135 shops sealed in South Delhi market

The two banks- SBI and Dena Bank were given few days to wind up their operation.

11 Jan 2018 1:20 AM

The revised rates will come to effect from October 1, 2017.

Dena Bank cuts MCLR lending rate by up to 20 bps

The loans with 3 and 6 month and 1 year tenors will have a reduced MCLR by 0.15 per cent.

29 Sep 2017 5:26 PM

Dena Bank stock traded 1.59 per cent down at Rs 30.85 on BSE.

Dena Bank cuts savings rate by 0.5 per cent

For deposits above Rs 25 lakh interest rate will remain unchanged at 4 per cent per annum.

21 Aug 2017 4:52 PM

Dena Bank said it has passed on benefit of RBI's risk weight reduction to customers.

Dena Bank slashes home loan interest rates

For loans up to Rs 75 lakhs, the rate (marginal cost of funds based lending rate) is 8.60 per cent/ per annum.

16 Jun 2017 9:40 AM

RBI put in place revised guidelines for a correction action plan for weak banks after assessing and monitoring their financial health.

IDBI Bank on RBI's radar for bad loans

RBI may also impose restrictions on the bank on borrowings from interbank market.

10 May 2017 2:01 PM

Dena Bank loss widens to Rs 575 crore as NPA rises

Bank had reported a loss of Rs 326.38 crore in same period of previous fiscal.

09 May 2017 5:21 PM

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Dilip Cherian