Business

Dena Bank Q4 profit rises 49% to Rs 187.28 crore

  • PTI, Mumbai
  • |
  • Updated: May 10, 2014 06:14 IST

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

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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