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Dena Bank to sell Rs 600 crore NPAs (BS, FE 21.09.06) Mid-sized public sector bank Dena Bank is taking steps to clean its balance sheet of non-performing assets (NPAs). It is in the process of selling a large chunk of its NPAs. The Mumbai-based bank, having a larger presence in the western region, plans to sell Rs 600 crore of NPAs in two phases - in the third and fourth quarters of 2006-07. Dena Bank recently appointed consulting firm PricewaterhouseCoopers to advise it on the proposed sale of Rs 600 crore NPAs. It expects to bring down its gross NPAs to below 4 per cent from 6.4 per cent at the end of June 2006 and net NPAs to 1.5 per cent from 3.24 per cent.