State-owned Dena Bank has reported a 21 per cent decline in net profit at Rs 189.20 crore for the first quarter ended June 30, 2013.
The bank had earned a net profit of Rs 238.63 crore during April-June quarter of 2011-12, Dena Bank informed the BSE.
Total income rose to Rs 2,765.68 crore from Rs 2,278.85 crore.
As of June 30, 2013, Dena Bank’s portfolio quality deteriorated, with gross non-performing assets (NPAs) rising to 2.7 per cent of gross advances against 1.80 per cent in the same quarter of the previous fiscal.
Its net non-performing assets also rose to 1.74 per cent from 1.01 per cent. The bank’s capital adequacy ratio as of June 30, 2013 stood at 11.12 per cent.