Dena Bank is planning to raise BASEL III compliant Additional Tier 1 (AT1) Bonds for an amount of Rs 1,000 crore, through Private Placement.
The bank last month was planning to sell Rs 400-500 crore of bad loans to asset reconstruction companies (ARCs) in the last quarter of the current financial year. The bank has already started the process and has identified which NPAs will be sold.
Gross non-performing assets (NPAs) increased to 5.12% in the July-September quarter as against 3% in the same quarter previous year, while net NPAs stood to 3.59%.
