Financial Daily from THE HINDU group of publications
Sunday, Oct 31, 2004
Financial Daily from THE HINDU group of publications Sunday, Oct 31, 2004 |
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Corporate Results
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Public Sector Banks Dena Bank Q2 net declines 42 pc Our Bureau
Mumbai , Oct. 30 DENA Bank Ltd has posted a 42 per cent dip in net profit at Rs 40.55 crore for the second quarter ended September 30,2004, against Rs 71.06 crore in the corresponding period of the previous year. Total income was down to Rs 533.89 crore (Rs 610.65 crore). Total interest income increased to Rs 442.03 crore (Rs 440.32 crore). Interest expended declined to Rs 280 crore (Rs 292.54 crore), said a press release. Gross advances increased to Rs 10,331 crore (Rs 9,043.71 crore) Total deposits grew to Rs 19,523 crore (Rs 17,656 crore). The bank has recently received clearances from the Government for its proposed second public issue of 8 crore shares of Rs 10 each aggregating Rs 80 crore, along with appropriate premium. The bank plans to tap the capital market shortly, the release said.
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