Dena Bank gets capital infusion of Rs 243 crore from government

01 Jan 2018 Evaluate

Dena Bank has received infusion of Rs 243 crore from Government of India, towards contribution of the Central Government in the preferential allotment of equity shares, on December 29, 2017. The same has been kept as Share Application Money and would be issued after necessary approvals/ permissions.

Board approval for the same is already in place. This is within the approval of the Board obtained on May 09, 2017 for raising CET1 capital up to an amount of Rs 1800 crore in one or more tranche.

Dena Bank is engaged in providing banking services. Its services include treasury, corporate/wholesale banking, retail banking, mobile banking, phone banking, internet banking, international banking, dena automated teller machine (ATM) services and visa bill pay etc.

Peers
Company Name CMP
SBI 820.50
Bank Of Baroda 251.20
Canara Bank 102.65
PNB 97.85
Union Bank Of India 117.10
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