Saturday, May 10, 2014

#DenaBank Q4 net profit jumps to Rs.187 crore

Dena Bank Q4 net profit jumps to Rs.187 crore























Dena Bank  has reported a 49 per cent 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. 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 per cent from 2.19 per cent in the same quarter a year ago. Net NPAs increased to 2.35 per cent from 1.39 per cent at the end of March 2013.