The amount has been kept as share application money by Dena Bank and would be issued after necessary approval/permissions. Photo: Hemant Mishra/MintNew Delhi: State-run Dena Bank on Saturday said it has received capital infusion of Rs243 crore from the government. “The bank has on December 29 received infusion of Rs 243 crore from the Government of India, towards contribution of central government in the preferential allotment of equity shares,” Dena Bank said in a BSE filing. According to the statement, the amount has been kept as share application money and would be issued after necessary approval/permissions. This is within the approval of board obtained on 9 May 2017 for raising CET1 capital amount of Rs1,800 crore in one or more tranche.

Source: Mint December 30, 2017 13:18 UTC