Dena Bank Q1 net profit up 21%

Dena Bank Q1 net profit up 21%
PTI
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First Published: Mon, Jul 26 2010. 01 13 PM IST
Updated: Mon, Jul 26 2010. 01 13 PM IST
Mumbai: Public sector lender Dena Bank today reported a 20.67% jump in net profit for the first quarter ended 30 June to Rs138.79 crore.
The company had posted a net profit of Rs115.02 crore during the corresponding quarter of the last fiscal, Dena Bank said in a filing to the Bombay Stock Exchange.
The bank also reported an increase of 8.72% in total income during the first quarter to Rs1,221.78 crore, as against Rs1,123.82 crore in the year-ago period.
The percentage of Dena Bank’s gross non-performing assets (NPAs) to gross advances went down to 2.11% in the quarter ended 30 June from 2.22% during the same period of 2009-10.
Its net NPAs, however, grew to 1.49% during the first quarter from 1.26% in the corresponding period of the previous fiscal, the filing said.
The bank reported a revenue of Rs627.74 crore from its corporate banking segment for the quarter ended 30 June, up 17.56% over the figure of Rs533.97 crore for the same period last fiscal.
Its revenue from the retail banking segment went up by 5.95% during the first quarter of this fiscal to Rs255.56 crore from Rs241.20 crore during the year-ago period, Dena Bank added.
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First Published: Mon, Jul 26 2010. 01 13 PM IST
More Topics: Dena Bank | Q1 | Profit | Company Results | NPAs |