Dena Bank is likely to raise Rs 300-350 crore capital in the next financial year to maintain a 24 per cent credit growth.Dena Bank’s capital adequacy ratio (CAR) would be a little over 11 per cent at the end of March, including the tier-I capital adequacy ratio of 7 per cent, he said.
The bank is constrained from raising equity capital as the government stake in the bank is at the minimum threshold of around 51 per cent.The bank had posted an extraordinary 176 per cent year-on-year net profit growth in 2006-07 due to a low base.
Read more in The Business Standard article.
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