Monday, 29 July 2013

Dena Bank seeks Rs 2,000 crore capital infusion from central government

Dena Bank, public sector lender is looking for Rs 2,000 crore capital infusion from the Central government, in order to support its future loan growth as the tier-I capital of the Bank fell below 8% by the end of June quarter. The bank’s capital adequacy ratio stood at 11.12% even as tier-I capital, which is critical to support loan growth, fell below 8% to 7.28%. In the last fiscal, the public sector lender had requested for Rs 1,200 crore of capital infusion from the government.

The bank’s net profit for the Q4FY13 declined by 50.68% at Rs 125.67 crore as compared to Rs 254.79 crore for the Q4FY12. However, its total income has increased by 17.23% to Rs 2539.74 crore for the quarter from Rs 2166.36 crore for the corresponding quarter of the previous year.

No comments:

Post a Comment