Page-2 of Dena Bank
Capital Infusion of Rs. 48,239 Crore into 12 State-Run Banks
The government has approved the capital infusion of Rs. 48,239 Crore into 12 State-Run Banks. The capital inclusion has been undertaken to ensure the lenders are able to maintain regulatory capital requirement and step up lending and boost overall growth. With ..
Month: Current Affairs - February, 2019
Relaxation of Norms under PCA Framework
It is said that the finance ministry and the Reserve Bank of India are working on providing some relaxation on the prompt corrective action (PCA) framework for stressed banks. Prompt Corrective Action (PCA) Framework Prompt Corrective Action (PCA) framework has been issued ..
Month: Current Affairs - January, 2019
Union cabinet approves merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB)
On 2nd January 2019, the Union Cabinet approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB). With the merger, BoB will become the third largest bank after State Bank of India and ICICI Bank. The ..
Government announces merger of Bank of Baroda, Dena Bank and Vijaya Bank
Union Finance Ministry announced proposal for amalgamation of three public sector banks- Bank of Baroda, Dena Bank and Vijaya Bank. The combined entity after consolidation will create India’s third largest bank. Post this merger, number of PSU banks will come ..
Month: Current Affairs - September, 2018
The Government of India proposes to merge BoB, Dena Bank and Vijaya Bank
The Government of India (GoI) has proposed to merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda (BoB) to create India’s third largest lender as parts of reforms in the public sector banking segment. The decision was taken at ..
RBI puts Dena Bank under prompt corrective action
Reserve Bank of India (RBI) has put state-run lender Dena Bank under prompt corrective action (PCA) framework. It has barred Dena Bank from extending fresh credit in view of deteriorating financial health due to mounting non-performing assets (NPAs) and mounting ..
Month: Current Affairs - May, 2018