PSU lender Dena Bank is expecting to get capital infusion of Rs 1,260 crore from the government in two tranches. The bank has set a target to grow by 23%-24% in 2013-14. It expects 25% growth in credit and 22% increase in advances in the current fiscal. The Mumbai-headquartered bank’s capital adequacy ratio (CAR) stood at 11.47 per cent with tier-1 capital of 7.61 per cent. However, in the September quarter its CAR was 12.05 with the tier-1 capital of 8.1 per cent.
Meanwhile, the bank is planning to open 150-175 branches during the current fiscal. At present, it has 1,450 branches across the country and most of them are Gujarat and Maharashtra.
| Company Name | CMP |
|---|---|
| SBI | 1101.50 |
| PNB | 112.95 |
| Canara Bank | 140.90 |
| Bank Of Baroda | 274.20 |
| Union Bank Of India | 177.00 |
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