Public sector Dena Bank on Monday reported a 20.67 per cent increase in net profit for quarter ended June 30 to Rs 138.79 crore from Rs 115.02 crore in the corresponding quarter last year.
Total income grew 8.72 per cent to Rs 1,221.78 crore, from Rs 1,123.82 crore in the year-ago period.
Gross credit grew 33.87 per cent while retail advances grew 23 per cent to Rs 5,428 crore, the bank said in a statement.
Dena Bank’s gross non-performing assets (NPAs) as a percentage of gross advances decreased to 2.11 per cent from 2.22 per cent during the same period of 2009-10.
The bank’s net NPAs, however, grew to 1.49 per cent during the first quarter from 1.26 per cent in the corresponding period of the previous financial year.