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HindustanTimes Thu,23 Oct 2014

Dena Bank Q4 profit rises 49% to Rs. 187.28 crore

PTI  Mumbai, May 10, 2014
First Published: 18:12 IST(10/5/2014) | Last Updated: 18:14 IST(10/5/2014)

Dena Bank on Saturday reported a 49% jump in net profit to Rs. 187.28 crore in the fourth quarter ended March 31.

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The state-owned bank had posted a profit of Rs. 125.67 crore in the January-March quarter of 2012-13, according to a filing to the BSE. Total income increased to Rs. 2,866.78 crore from Rs. 2,539.74 crore.

For 2013-14, the bank recorded a 32 decline in profit to Rs. 551.66 crore from Rs. 810.38 crore in the previous financial year. Total income in 2013-14 rose to Rs. 10,895.20 crore from Rs. 9,554.85 crore in 2012-l3.

The bank's gross non-performing assets (NPAs), or bad loans, as a percentage of total advances, rose to 3.33% from 2.19% in the same quarter a year ago.

Net NPAs increased to 2.35% from 1.39% at the end of March 2013.


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