Dena Bank

Dena Bank News

Cyber frauds block businessman’s SIM, transfer Rs 29.52 lakh from firm’s account

“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.

Bank of Baroda merges with Dena Bank and Vijaya Bank to become second largest PSU bank

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.

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Bank of Baroda's merger with Dena Bank and Vijaya Bank approved by Cabinet

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.

For second time in a week, 10 lakh bank employees go on nation-wide strike

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.

Dena Bank puts on sale Rs 3.3K crore NPAs

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.

Dena Bank aims to bring down NPAs to 15 per cent by March 2019

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.

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PSB Consolidation: Bank of Baroda gets Vijaya Bank breather with Dena Bank stress

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.

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's

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

BoB, Dena Bank, Vijaya Bank Merger: Bankers say consolidation good for public sector banks

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.

Nagpur: Dena Bank incurs loss of Rs 5 crore after frauds

Police have registered offences against 11 people in the housing scam and nine in the plastic unit case.

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