Dena Bank is a Public Sector Bank in India with 1,739 branches, 1,482 ATM's across the country.
Dena Bank's registered office is located at Dena Corporate Centre, C-10, G Block, Bandra-Kurla Complex, Bandra [E], Mumbai
For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 2,448 crs. and Standalone net profit of Rs. 265 crs. Dena Bank reported total deposits of Rs. 115,936 crs and total advances of Rs. 80,629 crs.
Dena Bank's management is led by its CEO Mr. Ashwani Kumar.
Highest fixed deposit interest offered by Dena Bank is 7.30% per annum on deposits.
Its current Base Rate is 9.70%, which was last revised on 05th Oct 15.
01st Sep 16 Dena Bank has reduced its MCLR from 1st September, 2016
Dena Bank has reduced its Marginal Cost Based Lending Rate (MCLR) by 5 basis point (bps) across maturities. The 1 year MCLR has been reduced to 9.45 percent from the current rate of 9.5 percent. The 3 month and 6 month MCLR has been reduced to 9.25 percent and 9.35 percent respectively. Similarly the Overnight MCLR has been reduced to 9.05 percent. These changes are effective from 1st September, 2016. . For borrowers who have taken a home loan from Dena Bank after 1st April 2016, the reduction in MCLR will translate into a reduction in their home loan rates and hence their interest outgo. However, if you have taken home loan at fixed interest rate then your interest expense will remain unchanged.
01st Aug 16 Dena Bank has reduced its MCLR from 1st August, 2016
Dena Bank has reduced its Marginal Cost Based Lending Rate (MCLR) across maturities, effective from 1st August 2016. The 1 year MCLR has been reduced by 5 basis points from 9.55 percent to 9.5 percent. The 3 month and 6 month MCLR has been reduced by 10 basis points to 9.3 and 9.4 percent respectively. Similarly the overnight and 1 month MCLR has been reduced by 15 basis points to 9.1 and 9.2 percent respectively. If you are a borrower of the Dena Bank and have taken loan after 1st April 2016, the reduction in loan rates should result in a lower interest burden and lower EMIs. However, if you have taken loan at fixed interest rate then you will not able to benefit by the rate cut.
13th Jun 16 Dena Bank reports Net Loss of Rs326.38 crore for Q4FY16
As per the result for Q4FY16, Dena Bank has reported Net Loss of of Rs.326.38 crore as the bank had to provide for higher provisions against bad loans. The loss was on account of a tax write-back of Rs.340.86 crore in the March quarter. The bank reported increase in Net Interest Income (NII) by 2.7 percent to Rs.625.17 crore, when compared on yoy basis. Non Interest Income of the bank also increased by 7.21 percent to Rs.215.87 crore. The Asset Quality showed signs of deterioration during the current quarter as Gross NPA in March quarter increased to 9.98 percent from 5.45 percent in year ago period. Net NPAs increased to 6.35 percent against 3.82 percent in previous quarter. Provision for NPA increased to 200 percent in March quarter to 1094.24 crore when compared on yoy basis.
14th May 16 Dena Bank reports net loss of Rs. 326.38 crore for the March quarter
Dena Bank reported a net loss of Rs. 326.38 crore for the March quarter due to higher provisions for bad loans. The loss was restricted due to a tax write back of Rs. 340.86 crore in the quarter. The lender reported a profit of Rs. 55.82 crore in the March 2015 quarter. Bad loans continued to rise as banks reclassified stressed assets. Gross NPAs surged to Rs. 8560.49 crore at the end of the March quarter.