On credit growth side Dena Bank is targeting a growth of around 15-16 percent for FY14. They would mainly focus on retail and small medium enterprise (SME) lending to achieve this growth.
"We have total restructured book of Rs 4,800 crore out of which Rs 2,036 crore is of state electricity boards, which is government guaranteed, so, 43 percent of our portfolio is government guaranteed," said Ashwani Kumar, CMD, Dena Bank in an interview to CNBC-TV18.
In an interview to CNBC-TV18, Nupur Mitra, chairman and managing director of Dena Bank says Q2 net interest margin (NIM) was at 2.86 percent. "We will be maintaining NIM of around 3 percent," she adds.
Chairperson and MD of Dena Bank Nupur Mitra tells CNBC-TV18 that they have no more accounts in the pipeline for restructuring.
Maintaining a net interest margin of 3.22%, DL Rawal, the chairman and managing director of Dena Bank said the bank is likely to sustain the 3% NIMs for FY12.
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.
In an interview with CNBC-TV18, DL Rawal, chairman and managing director of Dena Bank, spoke about the latest happenings in his bank and the road ahead.