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Dena Bank plans to raise Rs 1,800 crore via QIP

28 Jun 2017 Evaluate

Public sector lender Dena Bank is planning to raise up to Rs 1,800 crore through a qualified institutional placement (QIP). The bank may raise the capital within a period of one year upon getting shareholders’ approval.

Dena Bank is engaged in providing banking services. Its services include treasury, corporate/wholesale banking, retail banking, mobile banking, phone banking, internet banking, international banking, dena automated teller machine (ATM) services and visa bill pay etc.

Peers
Company Name CMP
State Bank Of India 969.55
PNB 120.35
Bank Of Baroda 243.50
Canara Bank 117.60
Union Bank Of India 183.00
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