Dena Bank shares close down nearly 4 pc

Shares of Dena Bank today closed down by nearly 4 per cent after the lender reported 24.85 per cent fall in net profit during July-September quarter of 2015-16.
After falling 6.14 per cent to Rs 40.50 in intra-day trade, shares of the bank finally ended at Rs 41.55, down 3.71 per cent on BSE.
At NSE, shares of Dena Bank settled down by 3.93 per cent to settle at Rs 41.55. Its market valuation declined by Rs 102.95 crore to Rs 2,681.05 crore.
Dena Bank on Saturday reported a fall of 24.85 per cent in net profit at Rs 38.76 crore during July-September quarter of 2015-16.

The bank's net profit during the same period of the previous fiscal was at Rs 51.58 crore.
Total income for the said quarter decreased from Rs 2,885.22 crore in the year-ago period to Rs 2,872.08 crore, it had said in a BSE filing.
Bank's gross non-performing assets slipped further to 6.84 per cent of gross advances as of September 2015, from 5.12 per cent a year ago.
Net NPAs were at 4.65 per cent of net advances, as against 3.59 per cent during the same quarter last fiscal.