A reversal in tax expense, helped Dena Bank report a net profit of 38.76 crore in the second quarter ended September 30, 2015. The profit is 25 per cent lower as compared to the year ago period.
In the reporting quarter, the reversal in tax expense amounted to Rs 39.45 crore (Rs 47.98 crore in the year ago period).
Net interest income (the difference between interest earned and expended) was up 5 per cent to Rs 657 crore (Rs 625 crore).
Non-interest income, comprising commission, exchange, brokerage, trading gains and forex profits, edged up 7 per cent at Rs 192 crore (Rs 179 crore).
Gross non-performing assets (GNPAs) rose to 6.84 per cent of total loans as at September-end 2015, against 5.12 per cent as at September-end 2014.
Net NPAs too rose to 4.65 per cent as at September-end 2015, against 3.59 per cent as at September-end 2014.