State-owned Dena Bank has reported a net profit of Rs 187 crore in the October-December quarter of FY12, a growth of 20.65% as compared to Rs 155 crore in a year ago quarter.
Net interest income rose 16% to Rs 541 crore from Rs 466.4 crore during the same period.
Other income increased to Rs 134 crore from Rs 127 crore year-on-year.
The bank made provisions of Rs 124 crore in the third quarter of FY12, a rise of 45% as compared to Rs 85 crore in a year ago quarter.
Capital adequacy ratio improved at 11.58% versus 11.08% year-on-year.
On quarter-on-quarter basis, gross non-performing assets (NPAs) declined at 1.85% versus 1.93% and even net NPAs dropped at 1.10% versus 1.15%.
Gross NPAs stood at Rs 885 crore versus Rs 830 crore and net NPAs at Rs 523 crore versus Rs 491 crore quarter-on-quarter.
At 14:25 hours IST, the share climbed 6.26% to Rs 78.10. Trading volumes increased 206% to 2,166,027 shares as against 5-day average of 707,413 shares.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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