Dena Bank posted 23.8% growth in net profit at Rs 239.64 crore in the second quarter ended September 2012 on steady growth in net interest income (NII).
Mumbai-based mid-size public sector lender has posted a net profit of Rs 193.58 crore in the second quarter ended September 2011.
The total income for the reporting quarter rose to Rs 2,327.84 crore from Rs 1,747.19 crore in July-September 2011. Its NII was up by 15.37% to Rs 594.07 crore from Rs 514.89 crore.
On Bombay Stock Exchange, the Dena Bank stock was ruling at 11.7 per share, up 1.42% over previous close.
The amount in provisions for bad loans and restructured assets plus contingencies rose by 28.48% to Rs 104.50 crore from Rs 81.33 in Q2 of 2011-12. The gross non-performing assets at end of Q2 were Rs 1,170.54 crore, up from Rs 830.49 crore a year ago.
The capital adequacy ratio (Basel II) was 12.05% at end of September 2012 as against 12.55 a year ago.
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