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Dena Bank reports 20.71% fall in Q1 net profit

29 Jul 2013 Evaluate

Dena Bank has reported results for first quarter ended June 30, 2013.

On standalone basis, the bank has posted a fall of 20.71% in its net profit at Rs 189.20 crore for the quarter ended June 30, 2013 as compared to Rs 238.63 crore for the same quarter in the previous year.   However, total income has increased by 21.36% at Rs 2765.68 crore for quarter under review as compared to Rs 2278.85 crore for the quarter ended June 30, 2012.

Dena Bank was established in 1938 and was nationalized in July 1969. As on March 31, 2012, the bank has 1,342 branches and 543 ATMs with 57% branches in rural and semi-urban areas. More than half of the bank’s branches are in the states of Gujarat and Maharashtra.

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Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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