Monday 10 February 2014

Dena Bank reports over 67% fall in Q3 net profit

Dena Bank has reported results for third quarter ended December 31, 2013.

The bank has reported 67.16% fall in its net profit at Rs 67.80 crore for the quarter as compared to Rs 206.44 crore for the same quarter in the previous year. However, total income of the bank has increased by 10.56% at Rs 2662.80 crore for quarter under review as compared to Rs 2408.42 crore for the quarter ended December 31, 2012.

The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 2.96%, as compared to 2.09% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.00% as compared to 1.31% in the same quarter of the previous year.

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