Dena Bank Q2 net down 25% at Rs 39 crore

NEW DELHI: Dena Bank today reported a fall of 24.85 per cent in net profit at Rs 38.76 crore during July-September quarter of 2015-16.

The bank's net profit during the same period of the previous fiscal was at Rs 51.58 crore.

Total income for the said quarter decreased from Rs 2,885.22 crore in the year-ago period to Rs 2,872.08 crore, it said in a BSE filing.

Bank's gross non-performing assets slipped further to 6.84 per cent of gross advances as of September 2015, from 5.12 per cent a year ago.

Net NPAs were at 4.65 per cent of net advances, as against 3.59 per cent during the same quarter last fiscal.

Provisioning for bad loans and contingencies were at Rs 283.52 crore for the quarter under review, down from Rs 315.22 crore parked by the bank during the year-ago period.

Dena Bank scrip closed at Rs 43.15, up 2.74 per cent on the BSE.