May 16, 2019 7:27 am
“The company has two business accounts at the Goregaon branch of Dena Bank. Till May 4, there was Rs 40.27 lakh in one account and Rs 3.17 lakh in the second account,” Kishor Nagda said in his police complaint.
April 01, 2019 12:58 pm
The consolidated entity started its operation with a business mix of over Rs 15 lakh crore of balance sheet, with deposits and advances of Rs 8.75 lakh crore and Rs 6.25 lakh crore, respectively.
January 02, 2019 8:42 pm
Law Minister Ravi Shankar Prasad said that the amalgamation would help create a strong globally competitive bank with economies of scale and enable realisation of wide-ranging synergies.
December 26, 2018 12:52 pm
The one-day strike has been called by the United Forum of Bank Unions (UFBU) who claimed that the government wants banks to grow in size through this amalgamation. The strike has affected banking operations.
November 28, 2018 1:18 am
Dena Bank is set to be amalgamated with larger peers Bank of Baroda (BoB) and Vijaya Bank by the end of the current financial year. It is currently under the RBI’s prompt corrective action (PCA) framework and is the only lender to have been asked to freeze lending altogether.
October 24, 2018 12:59 am
A 150-day long special drive to bring down NPA to the desired level across the country has been started, the bank’s Chairman and Managing Director Karnam Sekar said.
September 19, 2018 6:34 am
This would ensure that while absorbing the two smaller banks, Bank of Baroda gets the positive strength of Vijaya Bank while dealing with the stiff challenges associated with turning around Dena Bank.
September 18, 2018 12:20 pm
The government Monday proposed the merger of the three state-owned banks to create the country's third-largest lender as part of efforts to revive credit and economic growth
September 18, 2018 1:33 am
Vijaya Bank posted a 43.3 per cent decline in net profit at Rs 144.34 crore for June quarter even though NPA ratio improved. In absolute terms, gross NPAs however rose to Rs 7,579.11 crore as on June 30, 2018 against Rs 6,812.21 crore a year ago.
June 21, 2018 3:53 am
Police have registered offences against 11 people in the housing scam and nine in the plastic unit case.
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