Dena Bank has set a three-year time-frame for getting back into the black.
In a bid to wipe out the Rs 266 crore loss posted in fiscal 2000-01, the bank will submit a four-year revival plan to the Union finance ministry early next month.
The recovery plan envisaged by the bank entails a three-pronged strategy involving expeditious recovery of non-performing assets, bringing down cost of deposits through aggressive mobilisation of funds and pruning expenditure.
The bank
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