Dena Bank has reduced its marginal cost based lending rate (MCLR) across all tenors. For overnight the rate has been revised to 8%, for one month maturities, the rate has been revised to 8.05%, while for three month and six month maturities the rate has been reduced to 8.10% and 8.20% respectively and for one year maturities, it is 8.25%. The new MCLR rates are effective from 1st October, 2017.
2017-09-04 :Dena Bank reduces MCLR by 15 basis points for various tenors
Dena Bank has reduced its marginal cost based lending rate (MCLR) by 15 basis points for various tenors. The revised MCLR rate for overnight and one month maturities is 8.20 per cent and for three month maturities, the rate is 8.30 per cent.
2017-08-21 :Dena Bank cuts savings rate by 0.5 per cent on deposits up to Rs. 25 lakh
Public sector lender, Dena Bank has announced a cut in its savings account interest rate. The rates have been reduced by 0.5 per cent to 3.50 per cent on deposits of up to Rs. 25 lakh. For deposits above Rs. 25 lakh the bank has kept interest rate unchanged at 4 per cent per annum.
2017-07-31 :Dena Bank shows improvement in net loss on account of less NPAs
Dena Bank has reported an improvement in its net loss in the current FY18. The Bank has managed to reduce its net loss at Rs.132 from Rs. 280 during the current quarter. Decline in NPAs and strong growth in net interest margins has helped the bank to reduce the amount of net loss.
2017-07-01 :Dena Bank reduces MCLR rates by 0.05 per cent
Dena Bank has slashed its marginal cost of funds based lending rate (MCLR) by 0.05 per cent. For overnight, one month and three month maturities, the rates have been revised to 8.20 per cent, 8.30 per cent and 8.35 per cent and for six month and one year maturity period, the new MCLR rates have been finalized at 8.45 per cent and 8.55 per cent respectively. The new rates are effective from 1st July, 2017.
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