Dena Bank reduces Q3 losses
By Our Banking Bureau | 31 Jan 2002
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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 banks 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.
