Dena Bank Q2 net jumps 24% to Rs 240 cr
State-owned lender Dena Bank has reported good numbers in the July-September quarter. Asset quality worsened in the quarter but not as much as others. Net profit grew by 24 percent year-on-year to Rs 239.6 crore in the quarter ended September 2012.
November 06, 2012 / 13:51 IST
State-owned lender Dena Bank has reported good numbers in the July-September quarter. Asset quality worsened in the quarter but not as much as others. Net profit grew by 24 percent year-on-year to Rs 239.6 crore in the quarter ended September 2012.
Net interest income rose by 15 percent to Rs 594 crore from Rs 515 crore during the same period.Gross non-performing assets (NPAs) increased 17 basis points quarter-on-quarter to 1.97 percent in the second quarter of current financial year while net NPAs went up by 21 basis points to 1.22 percent.Gross NPAs went up by 9 percent QoQ to Rs 1,170 crore while net NPAs increased 21 percent QoQ to Rs 720 crore during the quarter.Provisions against bad loans were Rs 104.5 crore in the quarter as against Rs 103.4 crore in the previous quarter. Provision coverage ratio was 72.5 percent as on September 30.Capital adequacy ratio was 12.05 percent in the three months period ended September 2012 as against 12.35 percent in the previous quarter.At 13:32 hours IST, the stock rose 1.1 percent to Rs 110.35 on the Bombay Stock Exchange. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
