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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.
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's total restructured books currently stand at around Rs 7900 crore out of which 27 percent slipped in the last year.
"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.
Angel Broking has come with its September`12 quarterly earning estimates for banking sector. According to the research firm banking stocks remained under stress on increased asset quality concerns.
Chairperson and MD of Dena Bank Nupur Mitra tells CNBC-TV18 that they have no more accounts in the pipeline for restructuring.
Vaibhav Agrawal, Banking Analyst at Angel Broking gives his opinion on the first quarter results of banks in an interview with CNBC-TV18. Agrawal feels ICICI Bank has maintained its good performance and has continued to offer a pleasant surprise with encouraging numbers in operating margin and asset quality.
Angel Broking has come out with its June quarterly earning estimates for banking sector. The research firm expects margins to come under pressure in 1HFY2013.
Angel Broking has come with its March quarterly earning estimates for banking sector.
In an interview to CNBC-TV18, Vaibhav Agrawal of Angel Broking says, the banking space would continue to see asset quality pressure in the Q3 and in the coming quarters that would accelerate.
Angel Broking has come with its quarterly earning estimates for banking sector.
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.
Angel Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Dena Bank December quarter operating income are expected to go up by 43.9% to Rs 599 crore, Year-on-Year, (Y-o-Y) basis.
Karvy Stock Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Dena Bank December quarter net interest income (NII) are expected to go up by 64.6 % to Rs 465.8 crore, Year-on-Year, (Y-o-Y) basis.