Public sector lender Dena Bank posted a 23.39 per cent increase in net profit to Rs 137.07 crore for the quarter-ended March 31, compared with Rs 111.17 crore in the corresponding period a year ago. The rise is mainly attributed to robust interest and other incomes.
Net interest income went up by 36 per cent to Rs 326 crore during the quarter, compared with Rs 238 crore a year ago. Other income went up to Rs 174 crore from Rs 140 crore during the quarter ended March 2010.
Operating profit went up by 49 per cent during the quarter.
Percentage of gross non-performing assets declined to 1.8 at the end of March 31, 2010 from 2.13 during the end of March 31, 2009.
The bank increased its provisioning to Rs 82.44 crore during the quarter. For the financial year ended March, the public sector lender reported a 21 per cent increase in net profit to Rs 511.25 crore, compared with Rs 422.66 crore in the previous year. Total income rose to Rs 4,598.99 crore from Rs 3,877.62 crore.
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