Aided by rise in other income Dena Bank recorded an increase of 21.2 per cent in net profit to Rs 124.64 crore during the second quarter of the financial year as against Rs 102.83 crore during the corresponding period last year.
During the second quarter other income grew by 47 per cent to Rs 125.28 crore as compared to Rs 85.21 crore in the corresponding quarter last year.
The net interest income of the bank fell by 5 per cent to Rs 240.24 crore as compared to Rs 254.26 crore in the corresponding quarter last year.
Capital adequacy ratio of the bank stood at 11.59 per cent (Basel I) and 13.26 per cent (Basel II) at the end of September 2009.
During this period, the ratio of net NPAs to net advances increased to 1.24 per cent from 1.02 per cent as at September 30, 2008.
At BSE, the banks’ shares were trading at Rs71.75 down 4.97 per cent from its previous close at 11.55 am.
