Dena Bank dips 6.5% post Q2 results

Mumbai: Dena Bank's scrip today fell by 6.5 per cent after the company reported a fall of 24.85 per cent in net profit during July-September quarter of 2015-16.

The stock dipped by 6.14 per cent to Rs 40.50 on BSE.

At NSE, shares of the company plunged 6.47 per cent to Rs 40.45.

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.