Dena Bank reports 55% fall in Q2 net profit

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

09 Nov 2013 Evaluate

Dena Bank has reported results for second quarter ended September 30, 2013.

The bank has reported a fall of 55.19% in its net profit at Rs 107.38 crore for the quarter ended September 30, 2013 as compared to Rs 239.64 crore for the same quarter in the previous year. However, total income of the bank increased by 11.69% at Rs 2599.94 crore for quarter under review as compared to Rs 2327.84 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) increased to 3.00% in the July-September quarter as against 1.97% in the same quarter previous year, meanwhile net NPAs has increased to 2.02%.

Peers

Company Name	CMP
State Bank Of India	980.95
PNB	117.50
Bank Of Baroda	235.25
Canara Bank	125.20
Union Bank Of India	178.85
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