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Dena Bank Q2 profit halves to Rs 52 cr in Q2

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Press Trust of India New Delhi
Dena Bank's net profit fell by over 51 per cent to Rs 51.58 crore in the second quarter ended September 30, 2014-15.

The bank had registered net profit of Rs 107.38 crore in the July-September quarter of the previous fiscal, 2013-14.

"Total income has increased from Rs 2,599.94 crore for the quarter ended September 30, 2013 to Rs 2,885.22 crore for the quarter ended September 30, 2014," Dena Bank said in a filing to the BSE.

Its provisioning for bad loans was down at Rs 315.22 crore during the quarter, from Rs 335.19 crore a year ago.

On the asset quality, the net non-performing assets (NPAs) or bad loans increased to 3.59 per cent of the total advances as of September 2014, from 2.02 per cent as of September 2013.
 

Gross NPAs also rose to 5.12 per cent during the second quarter of FY15, from 3 per cent a year ago.

The bank's scrip closed at Rs 61.35, down 3.4 per cent, on the BSE.

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First Published: Nov 10 2014 | 5:26 PM IST

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