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.