Dena Bank, the public sector entity is likely to raise Rs 150 crore of capital to fuel its growth by selling 5% stake to Life Insurance Corporation (LIC) through a preferential allotment of shares. Through this stake sale, the government’s holding in the bank will go down to 53% and LIC’s stake in the bank will go up to 11% from 6%, at present.
Net profit of the bank for the third quarter ended-December 31, 2011 was up 20.28% to Rs 186.68 crore. The total income of the bank was up 27.75% to Rs 1810.21 per cent. Net interest margins were up 6 basis points at 3.30%. Gross credit of the bank was up by 15.70% to Rs 47,928.38 crore.
| Company Name | CMP |
|---|---|
| State Bank Of India | 1067.75 |
| PNB | 113.35 |
| Bank Of Baroda | 246.15 |
| Canara Bank | 129.70 |
| Union Bank Of India | 181.85 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: