Dena Bank

Bansal will take over from Sudhir Kapadia

PSU Bank merger: You'll have to take stock of your cheque books, passbooks, IFCS, ECS mandates and other things once you start dealing with the new entity

All customers will now have access to the bank's digital channels

The bank posted a net profit of Rs 506.5 crore in Q4FY20 compared to net loss of Rs 991.3 crore in Q4FY19.

The RBI in December 2019 noted that private sector banks accounted for 69 per cent of incremental loans in 2018-19

Agency also cites deteriorating operating environment for decision; affirms lender's domestic and foreign bank deposit ratings

CRISIL believes BoB will be able to maintain adequate capitalisation over the medium term, backed by capital support from the Union government

The lender's performance is likely to stay subdued on weak economy, NBFC stress

Dena Bank and Vijaya Bank got amalgamated with Bank of Baroda from this April

10 banks to be merged into 4; Indian Bank & Allahabad to be one

After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017

Finance ministry has called a meeting with chief executives of ten public sector banks on Friday

He will take over from R Subramaniakumar, who was instrumental in taking measures to turn around the bank

The interoperability of the key banking services across all branches would be introduced by the end of April

The bank said the board of directors in its meeting held on September 24 recommended for the amalgamation of Dena Bank with Bank of Baroda and Vijaya Bank

The provisioning coverage for bad assets in the June quarter also increased to Rs 12.44 billion

Apart from Dena Bank, the credit and financial profiles of Bank of Maharashtra, Oriental Bank of Commerce, Allahabad Bank and UCO Bank are in bad shape - all these are under PCA

Senior Dena executives said the new order would have a severe impact on lending and revenue

Already, there are 11 banks, out of 21 state-owned banks, under the PCA of the Reserve Bank because of their weak financials

The bank's loss widened from Rs 3.8 billion in December quarter of 2017-18