Government of India (GOI) has decided to infuse capital funds to the tune of Rs 407 crore in Dena Bank by way of preferential allotment of equity in favour of the GOI. The board of the bank on August 20, 2015 has approved infusion of capital. Further, the bank is taking necessary steps / approvals in this regard.
Dena Bank has reported 81.40% fall in its net profit at Rs 15.16 crore for first quarter ended June 30, 2015 as compared to Rs 81.52 crore for the same quarter in the previous year. However, total income of the bank has increased by 3.20% at Rs 2914.87 crore for quarter under review as compared to Rs 2824.58 crore for the quarter ended June 30, 2014.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
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