........."Our target is to grow at around 18% in the next 18 months, primarily driven by SME and retail," said Dena Bank's Chairman and Managing Director Ashwani Kumar, who noted that to support this growth the bank would require around Rs 1,200 crore. He said the retail book alone is expected to grow by around 23-24%. The bank already approached the government, which holds about 58% in the bank, for capital infusion. "We also asked the government to reduce its holding to 51%. If we do not receive this capital, then our growth would be around 11%."........
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