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.
The bank has exposure to nine accounts out of top 12 accounts under insolvency and bankruptcy code (IBC), worth to Rs 2,660 crore.
Once we are able to contain the slippages and improve our recovery, we should be able to come in profits somewhere during the next year, he said.
"We plan to raise around Rs 500 crore for which we have permission from the board and shareholders under qualified institutional placement (QIP)," he further mentioned.
For full interview, watch accompanying video...
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