Dena Bank out of loss zone, logs Q3 profit at Rs 35 cr

State-run Dena Bank today reported a profit of Rs 35.3 crore for the third quarter ended December on lower provisioning for bad loans.
The bank had a loss of Rs 662.8 crore in the same quarter last year.
Total income also rose to Rs 2,999.5 crore during the quarter, from Rs 2,722.2 crore in the previous fiscal.
However, gross NPAs as a percentage to total advances rose significantly to 14.79 per cent, from 9.85 per cent in the same quarter a year before.
Net NPAs went up to 9.52 per cent, from 6.68 per cent at the end of December 2015.

Total provisions, excluding income tax, declined to Rs 484.4 crore as against Rs 966.97 crore in the year-ago period.