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dena bank
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Merger of Vijaya Bank and Dena Bank with Bank of Baroda to be effective from April 1
New Delhi | By Press Trust of India
UPDATED ON FEB 21, 2019 06:58 PM IST
Besides, the board of the bank fixed March 11, 2019, as record date for issuing and allotting equity shares of the Bank of Baroda to the Shareholders of Vijaya Bank and Dena Bank.
Robber sets eyes on crores, settles for Rs 16,700 in coins in Mumbai
Mumbai, Hindustan Times | By HT Correspondent
UPDATED ON FEB 03, 2019 12:35 PM IST
The thief cut open the bathroom window grilles to enter the branch around 2am, said the police, who are going through the closed-circuit television (CCTV) camera footage to identify him.
Government approves merger of three state-owned banks
New Delhi | By Reuters
UPDATED ON JAN 02, 2019 05:52 PM IST
India’s cabinet has approved the merger of state-run Vijaya Bank and Dena Bank with Bank of Baroda, the government said on Wednesday, in a step aimed at cleaning up the country’s banking system.
RBI should be allowed to take the PCA mechanism to its logical end
Hindustan Times | By HT Correspondent
PUBLISHED ON OCT 22, 2018 01:23 PM IST
Prompt Corrective Action (PCA) ensures that future non-performing assets (NPAs) are not being created
Dena Bank board clears merger proposal with Bank of Baroda
Mumbai | By Press Trust of India
PUBLISHED ON SEP 24, 2018 10:40 PM IST
Last week, government had announced merger of Bank of Baroda, Vijaya Bank and Dena Bank to create the country’s second largest lender by assets and branches.
Merger of Bank of Baroda, Vijaya Bank and Dena Bank credit positive, says Moody’s
Hyderabad | By Press Trust of India
PUBLISHED ON SEP 20, 2018 04:12 PM IST
The merged bank would have a market share of about 7.2 per cent in deposits and 6.8 per cent in loans, based on March 2018 data, which would make it the second-largest bank by deposits and the third-largest by loans, Moody’s said in its report on Wednesday.
Bank of Baroda shares dip 16%, Dena Bank up by 20% after merger announcement
New Delhi | By Press Trust of India
UPDATED ON SEP 18, 2018 06:29 PM IST
Bank of Baroda’s market valuation fell by Rs 5,726.62 crore to Rs 30,013.38 crore on BSE. Vijaya Bank lost Rs 442.61 crore to Rs 7,355.39 crore in market capitalisation, while shares of Dena Bank jumped 19.75 per cent to end at Rs 19.10 — its highest trading permissible limit for the day.
Dena Bank surges 20%, Bank of Baroda tumbles 14% post merger announcement
New Delhi | By Press Trust of India
UPDATED ON SEP 18, 2018 03:50 PM IST
The move follows top lender State Bank of India last year merging with itself five of its subsidiary banks and taking over Bharatiya Mahila Bank, catapulting it to be among top 50 global lenders.
Bank of Baroda, Dena Bank, Vijaya Bank to be merged, create India’s third largest bank
Reuters, New Delhi | By HT Correspondent
UPDATED ON SEP 18, 2018 10:33 AM IST
The government will continue to provide capital support to the merged bank, expected to be India’s third largest.
Bad loan situation likely to worsen further, says RBI
Press Trust of India, Mumbai | By Press Trust of India
PUBLISHED ON JUN 26, 2018 06:22 PM IST
Referring to the 11 state-owned banks under prompt corrective action framework (PCA), the RBI said they may experience worsening of their GNPA ratio from 21% in March 2018 to 22.3% by this fiscal-end.
Top leadership spots vacant in state banks amid $210 billion bad loan clean-up
Bloomberg | By Anto Antony
UPDATED ON JUN 07, 2018 12:03 PM IST
About 30 top-level vacancies exist at state banks, including executive directors, PTI reported. Lack of leadership leaves these lenders struggling to formulate strategies and meet government conditions to win more funds under a record public bailout.
Think twice before busting India’s ailing banks
Bloomberg | By Mihir Sharma
UPDATED ON MAY 17, 2018 07:22 PM IST
Most small and medium enterprises are still dependent on bank credit -- particularly from state-owned banks, since private-sector banks tend to avoid lending to companies.
RBI puts Dena Bank under prompt corrective action, bars from giving fresh credit
Press Trust of India, New Delhi | By Press Trust of India, New Delhi
UPDATED ON MAY 12, 2018 12:41 PM IST
Dena bank on Friday reported widening of its net loss to Rs 1,225.42 crore in the March quarter on mounting bad loans and higher provisioning to cover them.