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Dena Bank raises Rs 1,000 crore through bonds

30 Jan 2016 Evaluate

Dena Bank has raised Rs 1,000 crore of Unsecured Subordinated, Perpetual, Basel III compliant Additional Tier 1, Non-Convertible Taxable Bonds (Series IV) in the nature of debentures of face value of Rs 10 lakh each at par aggregating Rs 1,000 crore.

The bank reported 24.85% fall in its net profit at Rs 38.76 crore for the quarter ended September 30, 2015 as compared to Rs 51.58 crore for the same quarter in the previous year. The bank’s total income decreased by 0.46% to Rs 2872.08 crore for the quarter under review from Rs 2885.22 crore for the corresponding quarter of the previous year.


Peers
Company Name CMP
State Bank Of India 954.15
PNB 118.30
Bank Of Baroda 229.35
Canara Bank 124.85
Union Bank Of India 174.20
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