The rupee has gained about 2 per cent to a 16-month high in March after PM Modi's landslide state election win, outperforming its Asian peers and all but five of the world's emerging-market currencies.
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In a regulatory filing to the stock exchanges, Dena Bank said it "has received a communication from Government of India vide its letter... dated March 16, 2017 informing inter alia capital allocation of Rs 600 crore as part of turnaround linked infusion plan."
As of end-September, the banks' total stressed loans were Rs 8.97 lakh crore, according to data from the Reserve Bank of India.
ITC was the top gainer on the Nifty in morning deals, helping the index peek above its important crucial psychological level of 9,200.
Anil Agarwal, who has majority control of Hindustan Zinc Ltd through Vedanta Ltd, will make the investment via his family trust Volcan Holdings, Volcan said in a statement.
According to a public notice issued by the bank on Thursday, the Reserve Price of the property that is spread across the 2,500 acres SEZ, is over Rs 257 crore.
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