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Dena Bank Q2 profit falls 52%
Source: IRIS | 10 Nov, 2014, 04.27PM
Rating: NAN / 5 stars.
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Public Sector lender, Dena Bank reported a fall of 51.96% in net profit on year-on-year basis to Rs 515.8 million for the quarter ended Sept. 30, 2014.

Total income increased by 11% to Rs 28.85 billion for the quarter ended Sept. 30, 2014 as compared to Rs 25.99 billion in the same period last year.

The bank has made provision of Rs 3.15 billion, which was 5.97% lower than the same period last year.

Meanwhile in percentage term, net NPA increased to 3.59% as on Sept. 30, 2014 from 2.02% as on Sept. 30, 2013.

Shares of the bank declined Rs 3.4, or 5.25%, to settle at Rs 61.35. The total volume of shares traded was 666,724 at the BSE (Monday).

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