The Reserve Bank has put Dena BankBSE 0.29 % under watch by initiating prompt corrective action against it, a move that will place various restrictions on the lender, including on fresh loans and dividend distribution.
Earlier, similar action was initiated against other state-owned lenders — IDBI Bank, Indian Overseas Bank and UCO Bank.
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सविस्तर माहितीसाठी इकॉनॉमिक टाइम्स मधील बातमी वाचावी.
),” the state-owned bank said in a regulatory filing.
The bank, however, added that the action will not have any material impact on its performance.
The action, it said, will “contribute to improve” the internal controls of the bank and improvement in its activities.
via Dena Bank: RBI initiates prompt corrective action for Dena Bank – The Economic Times
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