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Rise in provisions (other than tax) and contingencies and operating expenses pulled Dena Bank’s net profit down about 82 per cent in the first quarter ended June 30. The public sector bank reported a net profit of ₹15 crore (₹81.52 crore in the year-ago period). Net interest income and non-interest income nudged up marginally to ₹628 crore (₹612 crore) and ₹146 crore (₹144 crore), respectively.
Operating expenses were up 24 per cent year-on-year at ₹548 crore. Provisions (other than tax) and contingencies rose 42.54 per cent to ₹325 crore.
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