Dena Bank posts higher net profit in Q3 at Rs 187 cr

Dena Bank on Monday reported a 20 per cent growth in net profit at Rs 186.68 crore for the third quarter ending December 2011, as against a net profit of Rs 155.21 crore in the same period of last fiscal.

The total income of the bank rose to Rs 1,810.21 crore during the quarter under review from Rs 1,417 crore in the corresponding period a year ago, Dena Bank said in a filing to the BSE.

The bank made provisions of Rs 124 crore in the third quarter, an increase of 45 per cent from Rs 85 crore in a year ago quarter.

Interest income rose to Rs 1,676.24 crore during the December quarter, up 30 per cent from Rs 1,289.89 crore in the year—ago period.

Shares of Dena Bank ended up 8.57 per cent over previous close to Rs 79.80 on the BSE.