With regards to recapitalization, the bank has worked out and submitted their requirement to the government both for the risk and growth capital, said Ashwani Kumar, Chairman & Managing Director of Dena Bank.
There was a net loss of Rs 44.32 crore on bank's balance sheet during the July-September quarter of 2016-17.
Yaduvanshi has joined Dena Bank from Punjab National Bank, where he was the zonal manager handling Delhi and NCR region.
The issue committee of the bank has fixed floor price of Rs 30.73 per share, Dena Bank said in a regulatory filing today.
"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.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy UCO bank and Dena Bank and can sell DLF.
The new one-year MCLR has been set at 8.20 per cent as against 8.40 per cent earlier, Union Bank said in a statement.
Those having deposits over Rs 25 lakh in their savings bank accounts will continue to get the existing interest of 4 per cent.
Dena Bank has posted a weak set, extending their net loss streak to 5 quarters now. Gross non-performing assets (NPAs) at over 17 percent remain a big worry and loan book too has declined by nearly 8 percent. In an interview to CNBC-TV18, Ashwani Kumar, CMD of Dena Bank spoke about the results and his outlook for the company.
Vishal Malkan of malkansview.com recommends buying Zuari Agro Chemicals with a target of Rs 425 and Deepak Fertilisers with a target of Rs 330.
State-owned Dena Bank has cut interest rates on home loans above Rs 30 lakh to Rs 75 lakh by 5 basis points.
Mitessh Thakkar of mitesshthakkar.com feels that Dena Bank may test Rs 42-43.
A government official said the Centre is aiming to merge the bank with stronger PSU lender, according to CNBC-TV18 reports quoting NewsRise.
Ashish Kyal of wavesstrategy.com is of the view that one can buy BEML with a target of Rs 1310 and Bharat Forge with a target of Rs 1265.
Public sector Dena Bank plans to mop up Rs 1,800 crore via qualified institutional placement (QIP) of shares.
Ramesh Singh, Executive Director of Dena Bank, said the bank envisioned a sustainable growth in auto loan segment with this tie-up and recent introduction of dealers pay out scheme.
Central Bank of India has one of the highest exposures to the consumer durables and oil company at Rs 2,700 crore.
The net interest income declined 28 percent at Rs 450.1 crore against Rs 625.1 crore.
Bharti Airtel | Dena Bank | Titagarh Wagons | Jubilant Life | Kotak Mahindra Bank | Future Enterprise | Cholamandalam Investment | Vijaya Bank and Arcotech are stocks, which are in news today.
Rajat Bose of rajatbose.com is of the view that one may sell Dena Bank.
Sharmila Joshi of sharmilajoshi.com advises exiting Dena Bank.