Dena Bank Plunges 12% As RBI Bars Bank From Fresh Lending

Shares of Dena Bank NSE -7.32 % tanked over 12 per cent in Monday's trade after Reserve Bank of India (RBI) directed the bank not to issue any fresh loans and hire new personnel in the wake of mounting non-performing assets (NPAs). 
The RBI has initiated prompt corrective action (PCA) for Dena Bank and imposed certain restrictions, in view of high Net NPA and negative return on assets, Dena Bank said in a filing to BSE. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774