Dena Bank reports 24% fall in Q2 net profit

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

09 Nov 2015 Evaluate

Dena Bank has reported results for second quarter ended September 30, 2015.

The bank has reported 24.85% fall in its net profit at Rs 38.76 crore for the quarter ended September 30, 2015 as compared to Rs 51.58 crore for the same quarter in the previous year. The bank’s total income has decreased by 0.46% to Rs 2872.08 crore for the quarter under review from Rs 2885.22 crore for the corresponding quarter of the previous year.

Gross non-performing assets (NPAs) of the bank have increased to 6.84% for the quarter as against 5.12% in the same quarter previous year. Besides, bank’s Net NPA stood at 4.65% in Q2FY16.

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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