No Merger Talks With Union Bank: Dena Bank Chairman

Kolkata: State owned Dena Bank today denied any talks with Union Bank of India for a possible merger. Dena Bank Chairman and Managing Director Ashwani Kumar also said he did not foresee any further rate cuts. "There has been no discussion regarding the merger between us and the Union Bank," Kumar said here. Speaking about interest rate outlook, Kumar said he doesn't see any further reduction in Marginal Cost of Funds based Lending R...