Dena
Bank reduces Q3 losses
Our Banking Bureau
31 January 2002
 Mumbai:
Dena Bank has
reduced its net losses during the quarter ended 31 December 2001
to Rs 1.09 crore, as compared to Rs 6.90 crore for the
corresponding period of the previous year.
The bank has prepared a
revival plan for the current fiscal, which is under implementation
under the supervision of the top management, a press release said.
The bank’s
non-performing assets have risen by 8.63 per cent and it  has
recorded fresh slippages of Rs 314.67 crore during the nine-month
period up to 31 December 2001.
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