Financial Daily from THE HINDU group of publications
Friday, Feb 17, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Money & Banking - Public Sector Banks


Dena Bank targets Rs 1-lakh crore biz by 2010

Our Bureau

Mumbai , Feb. 16

DENA Bank is targeting a business of Rs 1 lakh crore by 2010. The bank announced this as part of its medium term vision document for 2007-2010.

As part of the strategy to achieve this target, the bank will focus on the retail and small and medium enterprises segments, said Mr M.V. Nair, Chairman and Managing Director. To meet the growing credit requirements, the bank may also explore the hybrid instruments route to raise capital in the next fiscal, he said.

In rural areas, the bank was working to upgrade rural grocery shops into `mini-malls', where farmers can buy goods and also get information about other products. It also hopes to be a one-stop shop for all retail loan products through its `Finmarts'.

The bank's Capital Adequacy Ratio as on December 31, 2005 was 9.82 per cent. By the end of this fiscal, the CAR is likely to be 10 per cent. The bank is targeting a 25 per cent growth in its loan book and NPA level of less than 3 per cent in this fiscal.

More Stories on : Public Sector Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
`New Pension plan offers flexibility'


Indian cos raise $10 b via ECB route in 9 months
Rupee lower against dollar, bond prices gain
Toyota to foray into auto finance by next year
Local credit
SIB fixes cut-off price at Rs 66
Budget wish-list: PSBs seek higher FII investment limit
SBT staff to stage sit-in
Dena Bank targets Rs 1-lakh crore biz by 2010
SpiceJet plans pact with SBI for co-branded credit card
BoB, IDFC tie up to finance infrastructure projects



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line