Dena Bank Q2 net up 20% at Rs 193.58 cr
Public lender Dena Bank on Monday reported 20.5 percent growth in net profit for the second quarter ended September 30, 2011 at Rs 193.58 crore.
Mumbai: Public lender Dena Bank on Monday reported 20.5 percent growth in net profit for the second quarter ended September 30, 2011 at Rs 193.58 crore.
It had posted a net profit of Rs 160.63 crore in the corresponding quarter of last fiscal.
The total income of the city-headquartered lender also increased by 30.3 percent during the July-September quarter at Rs 1,747.19 crore, as compared to Rs 1,340.38 crore in the same quarter of 2010-11, Dena Bank said in a filing to the BSE.
The percentage of the bank's gross non-performing assets (NPAs) vis-a-vis its total loans stood at 1.93 percent during the September quarter of the current fiscal, as against 2.26 per cent in the same period last year.
Its net NPAs amounted to 1.15 percent of total loans as of September 30, 2011, compared to 1.49 percent in the year-ago period.
During the first half of the fiscal, Dena Bank's net profit stood at Rs 361.67 crore, up 20.8 per cent from Rs 299.42 crore in the April-September period of 2010-11.
The bank's total income grew by 32.7 percent to Rs 3,399.72 crore during the first half this fiscal from Rs 2,562.15 crore in the year-ago period.