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Monday, November 10, 2014

Dena Bank net drops 52% to Rs. 51.6 cr

Dena Bank reported a sharp 52 per cent decline in net profit at Rs. 51.58 crore in the second quarter ended September 30, 2014, as against Rs. 107.38 crore in the year ago period.

Net interest income (the difference between interest earned and expended) was flat at Rs. 625 crore.

Other income was up 19 per cent at Rs. 179 crore (Rs 150 crore in the year-ago period).

Year-on-year, bad loans, in gross terms, saw a 96 per cent jump to Rs. 3,861 crore (Rs 1,968 crore).

At 2.30 pm, Dena Bank shares were trading at Rs. 62.10 per share, down 4.09 per cent, on the BSE.

Source : The Hindu


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