Government of India (GOI) has decided to infuse Rs 600 crore in Dena Bank as part of turnaround linked infusion plan. The Board approval for raising of capital of the Bank through Issue of Equity Shares to Government of India, LIC of India and GIC of India on preferential basis, is being obtained.
The Bank has reported a net profit of Rs 35.31 crore for third quarter ended December 31, 2016, as compared to net loss of Rs 662.85 crore for the same quarter in the previous year. Total income of the Bank increased by 10.19% at Rs 2999.51 crore for quarter under review as compared to Rs 2722.23 crore for the quarter ended December 31, 2015.
