Dena Bank Q1 loss narrows to Rs133 crore
Mumbai: Public sector Dena Bank on Saturday reported a net loss of Rs132.65 crore during the first quarter ended 30 June.
The bank had reported a loss of Rs279.35 crore in the corresponding period of the previous fiscal. Total income decreased for the quarter to Rs2,620.28 crore, as against Rs2,907.35 crore in the same period last year, the bank said in a regulatory filing.
The gross non-performing assets (NPAs), or bad loans, as a percentage of gross advances as of June 2017, rose to 17.37%, as against 11.88% a year ago. At the same time net NPAs rose to 11.22% of net advances compared to 7.65%.