With reference to the earlier letter dated August 26, 2016, vide which the Company had informed that the Bank has placed an agenda to Board of Directors seeking approval for raising of Basel III Compliant Tier II Bonds upto an amount of Rs. 1,100 crore in one or more tranche, in one or more instruments.Dena Bank has now informed BSE that the Board on August 31, 2016 has approved the above said agenda.