The Hindu Business Line : Dena Bank Q3 net up at Rs 71.85 cr

DENA Bank Ltd has recorded a 186.94 per cent rise in net profit at Rs 71.85 crore for the third quarter ended December 31, 2003 compared to a net profit of Rs 25.04 crore for the corresponding period in the previous year.

Total income of the bank during this period has increased to Rs 584.67 crore (Rs 532.08 crore), said a press release.

Interest income has gone up to Rs 444.44 crore (Rs 422.86 crore).

Non-Interest income is at Rs 140.23 crore ( Rs 109.22 crore). Interest expended has gone down to Rs 306.19 crore (Rs 278.74 crore). Capital adequacy ratio of the bank is now at 8.64 per cent (6.02 per cent).

For the nine months ended December 31, 2003, the bank recorded a net profit at Rs 172.11 crore ( Rs 37 crore).

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