:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

DENA BANK PLANS TO RAISE RS.1300 CR.

Mr. D.L. Rawal, Chairman and Managing Director, Dena Bank says that the bank aims to raise Rs.1300 crore capital over the next three years, of which Rs.600 crore will be raised by March. Out of the total capital, Rs.300 crore will be through equity route and the rest by way of preferential share issue. Upon equity infusion, Government stake in the bank will increase to 58.9% from 51%. The bank also plans to consider a follow-on Public Issue after the equity infusion, enabling the Government to bring down its stake.

As on September 30, the bank's capital adequacy ratio stood at 11.59% and 13.26% for Tier-I and Tier-II norms respectively.

Source: http://www.thehindubusinessline.com/blnus/17121401.htm

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