Dena Bank

Dena Bank Recommends Dividend Of Rs 4.70 per share The board of Dena Bank in its meeting held on 11 May 2013 has recommended dividend of 47% (Rs 4.70) per equity share of Rs 10 each for the financial year 2012-2013.

Dena Bank`s shareholder director resigns With effect from 25 April 2013 Dena Bank has announced that Pritam Singh, shareholder director of the bank has resigned from the board of the bank. Accordingly, he has ceased to be a director on the board of the bank with effect from 25 April 2013.

Dena Bank to announce financial results Board meeting on 30 January 2013 The board meeting of Dena Bank will be held on 30 January 2013 to consider and take on record the unaudited financial results for the quarter/ nine months ended 31 December 2012.

Central Government appoints Mohan Lal Gupta as officer employee director of Dena Bank Dena Bank has announced that the Central Government, after consultation with Reserve Bank of India, vide notification dated 01 January 2013 has nominated Mohan Lal Gupta as officer employee director on the board of the bank for a period of three years from the date of notification of his appointment or until he ceases to be an officer of the Dena Bank, or until further orders, whichever is the earliest.

Dena Bank appoints chairman & managing director For a period of 5 years Consequent upon appointment of Ashwani Kumar as chairman & managing director, Dena Bank for a period of five years from the date of taking over charge of the post on or after 01 January 2013 vide notification dated 06 November 2012, services of Ashwani Kumar, executive director, Corporation Bank and chairman & managing director designate are placed at the disposal of Dena Bank as executive director on attachment basis with effect from 17 December 2012 till 31 December 2012 or until further orders. It is however clarified that Ashwani Kumar will continue to draw his salary and allowances from Corporation Bank for the aforementioned period. Accordingly, Ashwani Kumar has reported on 17 December 2012 in the bank.

Ignatius Marshal Almeida ceases as officer employee director of Dena Bank With effect from 01 December 2012 Dena Bank has announced that the Central Government after consultation with Reserve Bank of India, vide notification dated 18 February 2010 had nominated Ignatius Marshal Almeida, Dena Bank as officer employee director on the board of the bank, for a period of three years from the date of notification and/ or upto 30 November 2012 i.e. the date of superannuation or until he ceases to be an officer of the Dena Bank, or until further orders whichever is the earliest. As per above notification, the term of Ignatius Marshal Almeida has expired and he has ceased to be director on the board of the bank with effect from 01 December 2012 after attaining his superannuation on 30 November 2012.

Dena Bank to announce Q2 results Board meeting on 06 November 2012 The board meeting of Dena Bank will be held on 06 November 2012 to consider and take on record the unaudited (reviewed) financial results for the second quarter (Q2)/ half year ended 30 September 2012.

Central Government appoints V Vasanthan as director of Dena Bank With immediate effect Dena Bank has announced that the Central Government, vide notification dated 06 September 2012 has nominated V Vasanthan as director on the board of the bank in place of N S Viswanathan, director with immediate effect from the date of notification and until further orders. As per above notification, N S Viswanathan ceased to be a director on the board of the bank from 06 September 2012.

Dena Bank raises lower tier II bonds (series XI) capital funds On private placement basis Dena Bank has announced that the bank has raised lower tier II bonds (series XI) capital funds to augment long term resources of the bank and to meet its future capital adequacy ratio requirements in the nature of promisory notes on private placement basis for an amount of Rs 500 crore plus green shoe option to retain Rs 350 crore. The bonds are carrying a coupon of 9.23% per annum payable annually and are redeemable after 180 months from the deemed date of allotment with call option at the end of 120 months. The issue opened on 18 June 2012 and closed on 22 June 2012 which was fully subscribed aggregating to Rs 850 crore. The bank retained the subscribed amount.

Dena Bank recommends dividend Of 30% The board of Dena Bank in its meeting on 08 May 2012 has recommended dividend at the rate of Rs 3.00 per share (30%).

Dena Bank to announce financial results Board meeting on 08 May 2012 The board meeting of Dena Bank will be held on 08 May 2012 to consider and approve the audited financial results for the 4th quarter / year ended 31 March 2012 and to recommend dividend, if any.

Dena Bank to convene EGM On 24 March 2012 The extraordinary general meeting of Dena Bank will be held on 24 March 2012 to seek approval of shareholders for raising of equity capital of the bank by issuance of equity shares (upto 5% pre issue capital) by way of preferential allotment to Life Insurance Corporation of India (LIC) and/ or schemes of LIC.

Dena Bank to convene EGM On 09 March 2012 Dena Bank has announced that the extraordinary general meeting of the bank will be held on 09 March 2012.

Dena Bank to announce financial results Board meeting on 06 February 2012 The board meeting of Dena Bank will be held on 06 February 2012 to consider and approve the unaudited (reviewed) financial results for the third quarter ended 31 December 2011.

Central Government nominates S. K. Jindal as director of Dena Bank With immediate effect Dena Bank has announced that the Central Government, vide notification dated 02 December 2011 has nominated S. K. Jindal, director, Department of Financial Services in place of Tarsem Chand as a director on the board of Dena Bank with immediate effect and until further orders. As per above notification, Tarsem Chand ceases as a director on the board of the bank from 02 December 2011.

Central Government appoints Satya Prakash Sharma as workmen employee director of Dena Bank Dena Bank has announced that the Central Government, vide notification dated 23 November 2011 has appointed Satya Prakash Sharma, Single Window Operator - B, Dena Bank as workmen employee director on the board of directors of Dena Bank from the date of notification of his appointment till 30 June 2014 i.e. the date of his attaining the age of superannuation or till he ceases to be a workmen employee of Dena Bank or until further orders, whichever is earlier.

Central Government appoints Nupur Mitra as chairman & managing director of Dena Bank With effect from 01 November 2011 Dena Bank has announced that the Central Government, after consultation with the Reserve Bank of India, vide notification dated 02 September 2011 has appointed Nupur Mitra, executive director of Indian Overseas Bank as the chairman & managing director of Dena Bank from the date of her taking over charge of the post on or after 01 November 2011 till 31 December 2012, i.e. the date of her superannuation or until further orders, whichever is earlier. Accordingly, Nupur Mitra has taken over charge as chairman & managing director of the bank with effect from 01 November 2011.

Central Government appoints Rakesh Goel as part-time non-official director of Dena Bank Dena Bank has announced that the Central Government, vide notification dated 12 October 2011 has nominated Rakesh Goel as part-time non-official director on the board of directors of Dena Bank for a period of three years from the date of notification of his appointment or until further orders, whichever is earlier.

Central Government appoints Vijay Kapoor as part-time non-official director of Dena Bank With effect from 02 August 2011 Dena Bank has announced that the Central Government, vide notification dated 02 August 2011 has nominated Vijay Kapoor as part-time non-official director on the board of directors of Dena Bank for a period of three years from the date of notification of his appointment or until further orders, whichever is earlier.

Central Government appoints J Balasubramanian as part-time non-official director of Dena Bank With effect from 30 June 2011 Dena Bank has announced that the Central Government after consultation with Reserve Bank of India, vide notification dated 30 June 2011 has nominated J Balasubramanian as part-time non-official director on the board of Dena Bank for a period of three years with effect from the date of notification of his appointment or until further orders, whichever is earlier.

Central Government appoints N S Viswanathan as director of Dena Bank With immediate effect Dena Bank has announced that the Central Government, vide notification dated 30 May 2011 has nominated N S Viswanathan as director on the board of the bank in place of B P Vijayendra, director with immediate effect from the date of notification and until further orders. As per above notification, B P Vijayendra ceased to be director on the board of the bank from 30 May 2011.

Dena Bank recommends dividend Of 22% The board of Dena Bank in its meeting on 29 April 2011 has recommended dividend at the rate of Rs 2.20 per share (22%) for the financial year 2010-2011.

Dena Bank to announce financial results Board meeting on 29 April 2011 The board meeting of Dena Bank will be held on 29 April 2011 to consider and approve the audited financial results for the year ended 31 March 2011 and to consider recommendation of dividend, if any.

Dena Bank allots equity shares On preferential basis Dena Bank on 25 March 2011 has allotted 4,65,65,874 equity shares of Rs 10 each at a premium of Rs 105.75 per share to the Government of India in the name of President of India on preferential basis on receipt of contribution of Rs 539 crore from Government of India.

Dena Bank to raise capital The members of Dena Bank have approved to raise capital by creating, issuing and allotting 4,65,65,874 equity shares of face of Rs 10 each on preferential basis to Government of India. This was approved at the extraordinary general meeting held on 21 March 2011.

Dena Bank to convene EGM On 21 March 2011 Dena Bank has announced that the extraordinary general meeting of the bank will be held on 21 March 2011 to seek approval of shareholders for issuing equity shares to the extent of Rs 539 crore to Government of India on preferential basis.

Dena Bank to convene EGM On 21 March 2011 The extraordinary general meeting of Dena Bank will be held on 21 March 2011 to create, offer, issue and allot equity shares to the extent of Rs 539 crore of Rs 10 for cash at premium and such issue price as may be determined by the board to Government of India.

Dena Bank to raise capital by way of preferential allotment of equity shares To Government of India Dena Bank has announced that the bank is in receipt of communication from Government of India, Ministry of Finance, Department of Financial Services, vide letter dated 15 February 2011 conveying its decision to infuse Rs 539 crore by way of preferential allotment of equity in favour of Government of India. Accordingly the bank is initiating necessary steps to raise capital by creating, offering, issuing and allotting such number of equity shares of face value of Rs 10 each, aggregating to Rs 539 crore on preferential basis to Government of India and to complete the formalities by 31 March 2011.

Kamlesh Kumar Goal ceases as part time non-official director of Dena Bank With effect from 04 February 2011 Dena Bank has announced that the term of office of Kamlesh Kumar Goal, part time non-official director nominated on the board of the bank for a period of two years from the date of notification or until further orders, whichever is earlier, vide Government of India notification dated 04 February 2009 has expired and accordingly Kamlesh Kumar Goal ceased to be director on the board of the bank with effect from 04 February 2011.

Dena Bank to announce financial results Board meeting on 27 January 2011 The board meeting of Dena Bank will be held on 27 January 2011 to consider and approve the unaudited (reviewed) financial results for the quarter ended 31 December 2010.

Dena Bank revises its base rate and BPLR With effect from 15 December 2010 Dena Bank has announced that the bank has revised its base rate and BPLR with effect from 15 December 2010. The new Base Rate will be 8.95%, an increase of 50 basis points from the previous base rate of 8.45%. The new BPLR will be 13.75%, an increase of 25 basis point from the previous BPLR of 13.50%.

Dena Bank announces strike On 07 September 2010 Dena Bank has announced one day strike on 07 September 2010 throughout the country for their various demands.

Central Government appoints B P Vijayendra as director of Dena Bank With effect from 30 July 2010 Dena Bank has announced that the Central Government, vide notification dated 30 July 2010 has nominated B. P. Vijayendra as director on the board of the bank in place of Chandra Kishore, director with immediate effect from the date of notification or until further orders. Further, Chandra Kishore ceases as director on the board of the bank with effect from 30 July 2010.

Dena Bank fixes base rate At 8.25% Dena Bank has fixed the base rate at 8.25% per annum, pursuant to Reserve Bank of India guidelines with effect from 01 July 2010.