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Dena Bank sees NIMs at 3% in FY12, aims 30% credit growth

State-owned lender Dena Bank recently announced its first quarter results for FY12 witnessing a jump in its net profit on a year-on-year basis. The bank registered net interest margin (NIMs) of 2.90% this quarter, and chairman and managing director DL Rawal is confident that the NIMs will stay at 3% by the end of March 2012.

first published: Jul 29, 2011 05:20 pm

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