Dena Bank reports net loss of Rs 326.38 crore in Q4

Dena Bank has reported results for fourth quarter and year ended March 31, 2016

The bank has reported a net loss of Rs 326.38 crore for the quarter ended March 31, 2016 as compared to a net profit of Rs 55.82 crore for the corresponding quarter of the previous year. Its total income declined by 1.87% to Rs 2853.35 crore for the quarter under review from Rs 2907.70 crore for the quarter ended March 31, 2015.

For the year ended March 31, 2016, the bank has reported a net loss of Rs 935.32 crore as compared to a net profit of Rs 265.48 crore for the previous year ended March 31, 2015. Its total income has decreased by 1.06% to Rs 11362.53 crore for the year from Rs 11484.82 crore for the year ended March 31, 2015.