Dena Bank Mulling Fund Raising
Ashwani Kumar, CMD of Dena Bank, spoke to NDTV about its proposed fund-raising plan. If the government approves, the bank is looking at diluting the government stake from 65 per cent to 52 per cent, which would bring Rs 550-600 crore of equity. The bank is also looking at raising Rs 2,500 crore in Tier I and Tier II bonds.
