Dena Bank, the state-run lender is planning to raise Rs 600 crore through qualified institutional placement (QIP) after it receives capital from the government, which is expected to happen by December-end. The bank’s current capital adequacy ratio is 10.21%.
The bank has reported a fall of 55.19% in its net profit at Rs 107.38 crore for the quarter ended September 30, 2013 as compared to Rs 239.64 crore for the same quarter in the previous year. However, total income of the bank increased by 11.69% at Rs 2599.94 crore for quarter under review as compared to Rs 2327.84 crore for the quarter ended September 30, 2012.
Gross non-performing assets (NPAs) increased to 3.00% in the July-September quarter as against 1.97% in the same quarter previous year, meanwhile net NPAs has increased to 2.02%.
The bank has reported a fall of 55.19% in its net profit at Rs 107.38 crore for the quarter ended September 30, 2013 as compared to Rs 239.64 crore for the same quarter in the previous year. However, total income of the bank increased by 11.69% at Rs 2599.94 crore for quarter under review as compared to Rs 2327.84 crore for the quarter ended September 30, 2012.
Gross non-performing assets (NPAs) increased to 3.00% in the July-September quarter as against 1.97% in the same quarter previous year, meanwhile net NPAs has increased to 2.02%.
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