BANK NEWS
Demonetisation has helped us shed bulk deposits says Dena Bank CMD
MUMBAI. Dena Bank, like all other banks, has had a dream-run on the deposits front during the 50 days following demonetisation. Copious deposit inflows in the form of scrapped high-denomination notes helped the bank shed bulk deposits amounting to about ₹9,000 crore, according to Chairman and Managing Director Ashwani Kumar.
On the loans front, however, the picture is not so rosy, with the public sector bank turning cautious in the background of tepid demand. In an interview with BusinessLine, Kumar said his bank is pinning its hopes on loan growth to the retail, agriculture and micro, small and medium segments. Thehindubusinessline
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