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.
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.
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