Dena Bank reports net loss of 279.35 crore in Q1

Dena Bank has reported results for first quarter ended June 30, 2016.

The bank has posted a net loss of Rs 279.35 crore for the quarter ended June 30, 2016 as compared to a net profit of Rs 15.16 crore for the same quarter in the previous year. Total income of the bank decreased by 0.26% to Rs 2907.35 crore for the quarter under review from Rs 2914.87 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal increased to 11.88%, as compared to 6.20% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 7.65% in Q1FY17.