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Dena Bank reports 52% fall in Q2 net profit

10 Nov 2014 Evaluate

Dena Bank has reported results for second quarter ended September 30, 2014.

The bank has registered 51.96% fall in its net profit at Rs 51.58 crore for the quarter under review as compared to Rs 107.38 crore for the same quarter in the previous year. However, total income of the bank has increased 10.97% at Rs 2885.22 crore for Q2FY15 as compared Rs 2599.94 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 5.12% in the July-September quarter as against 3% in the same quarter previous year, while net NPAs stood to 3.59%.

Peers
Company Name CMP
State Bank Of India 969.55
PNB 120.35
Bank Of Baroda 243.50
Canara Bank 117.60
Union Bank Of India 183.00
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