Moneycontrol
Jul 27, 2013 04:33 PM IST | Source: PTI

Dena Bank Q1 net down 21% at Rs 189 cr

As of June 30, 2013, Dena Bank's portfolio quality deteriorated, with gross non-performing assets (NPAs) rising to 2.70 percent of gross advances as against 1.80 percent in the same quarter of the previous fiscal.

Dena Bank Q1 net down 21% at Rs 189 cr

State-owned Dena Bank today reported 21 percent decline in net profit at Rs 189.20 crore for the first quarter ended June, 2013.


Also Read: Pfizer Q1 net down 85% to Rs 47.63 cr


The bank had earned net profit of Rs 238.63 crore in the April-June quarter of 2012-13, Dena Bank informed the BSE. The total income of the bank rose to Rs 2,765.68 crore in the April-June quarter from Rs 2,278.85 crore in the same period last year.


As of June 30, 2013, Dena Bank's portfolio quality deteriorated, with gross non-performing assets (NPAs) rising to 2.70 percent of gross advances as against 1.80 percent in the same quarter of the previous fiscal.

It's net non-performing assets also rose to 1.74 percent from 1.01 percent in the review period. The bank's Capital Adequacy Ratio (CAR) as of June 30 stood at 11.12 percent.

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