Dena Bank reports 57% fall in Q1 net profit

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.