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Jul 27, 2013, 04.04 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.

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.

READ MORE ON  Dena Bank, BSE, CAR
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