Dena Bank reports 57% fall in Q1 net profit

Dena Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532121 | NSE: DENABANK

11 Aug 2014 Evaluate

Dena Bank has reported results for first quarter ended June 30, 2014.

The bank has reported a fall of 56.91% in its net profit at Rs 81.52 crore as compared to Rs 189.20 crore for the quarter ended June 30, 2013. However, the bank’s total income has increased marginally by 2.12% to Rs 2824.58 crore for the quarter under review from Rs 2765.68 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal stood at 4.21%, as compared to 2.70% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.94% in Q1FY15.

Peers

Company Name	CMP
State Bank Of India	980.30
PNB	117.60
Bank Of Baroda	234.55
Canara Bank	125.85
Union Bank Of India	179.50
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