Dena Bank, the public sector lender, fourth quarter profits rose by 48.41% from a year ago. The bank reported a profit of Rs 1.87 billion for the quarter ended Mar. 31, 2014, compared with Rs 1.26 billion, a year ago.
Quarterly income totaled at Rs 28.66 billion, an increase of 12.88% over Rs 25.39 billion in the same period a year ago.
The bank has made provision of Rs 5.70 billion, which was higher by 67.16% from prior year period.
The bank has raised Rs 7.80 billion by way of Basel III Complaint Subordinated Debts for Tier II Capital during the FY 2013-14.
