Money & Banking

Dena Bank Q1 loss narrows to Rs 133 cr

PTI Mumbai | Updated on January 11, 2018 Published on July 29, 2017

Public sector Dena Bank today reported a net loss of Rs 132.65 crore during the first quarter ended June 30.

The bank had reported a loss of Rs 279.35 crore in the corresponding period of the previous fiscal.

Total income decreased for the quarter to Rs 2,620.28 crore, as against Rs 2,907.35 crore in the same period last year, the bank said in a regulatory filing.

The gross non-performing assets (NPAs) or bad loans, as a percentage of gross advances as of June 2017, rose to 17.37 per cent, as against 11.88 per cent a year ago.

At the same time net NPAs rose to 11.22 per cent of net advances compared to 7.65 per cent.

Published on July 29, 2017
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