Dena Bank today reported a 49 per cent jump in net profit to Rs 187.28 crore for the fourth quarter ended March 31, 2014.
The state-owned bank had posted a net profit of Rs 125.67 crore in the January-March quarter of 2012-13, according to a filing to the BSE. Total income increased to Rs 2,866.78 crore from Rs 2,539.74 crore.
For 2013-14, the bank recorded a 32 decline in net profit to Rs 551.66 crore from Rs 810.38 crore in the previous financial year. Total income rose to Rs 10,895.20 crore from Rs 9,554.85 crore.
The bank’s gross non-performing assets (NPAs) or bad loans as a percentage of total advances rose to 3.33 per cent from 2.19 per cent in the same quarter a year ago.
Net NPAs increased to 2.35 per cent from 1.39 per cent at the end of March 2013.