The latest directive was issued by the central bank to the public sector bank at a meeting dated on May 11, informed Dena Bank while filing to the stock exchanges.
Last year, RBI initiated prompt corrective actions against the bank by imposing some restrictions, in a bid to curb the menace of Non-Performing Assets (NPAs) and negative Return on Assets. This corrective measure too was initiated in May.
On Friday, the bank reported a net loss of Rs 1,225 crore for the fourth quarter that ended March 31, 2018. The loss was higher than t the net loss of Rs 575 crore reported in the same quarter last year.