Dena Bank Q3 Net down 67% to Rs 67.80 cr on higher provisioning 


09/02/2014 09:55 AST

Public sector lender Dena BankBSE 1.68 % today reported a 67 per cent decline in net profit at Rs 67.80 crore for the quarter ended December 31 on account of higher provisioning. 

The bank's profit after tax stood at Rs 206 crore in the corresponding quarter last year. 

"Profitability is under stress due to higher provisioning," the bank's Chairman and Managing Director Ashwani Kumar told reporters here. 

The bank's provisions increased to Rs 382.43 crore in the October-December quarter as against Rs 156.59 crore last year.

For more on this Click Here

The Economic Times
Global News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 142.2 172,641
AMLAK 1.12 15,711,314
GFH 0.58
DEYAAR 0.53 5,233,540
ALMARAI 81 12,890
BKMB 0.36 6,998,991
SABIC 100.2 291,078
Recent News

European stocks riding high in early trade
Strength among commodity firms and banking stocks as well as a string of solid updates boosted European shares in early deals on Tuesday.

Earnings season remains front and centre for equit

'UAE Week' planned in Japan in Q1 2018
Plans are under way to organise a ‘UAE Week’ in Japan during the first quarter of 2018, participated by officials from the public and private sectors, it was revealed today.

The announceme

Saudi Arabia has set precedence with its VAT legislation,UAE needs
You may recall that I once described the GCC framework as the master plan and the value added tax (VAT) law as the building regulations for a six-site residential compound. Each country's VAT law rep

Sterling steadies near one-week high above $1.30
Sterling steadied close to a one-week high just above $1.30 on Tuesday, with hopes for increasing political stability and an upbeat business survey lending support to the currency.

Data s

$1bn Bahrain medical city project makes headway
Bahrain's Ministry of Works, Municipalities Affairs and Urban Planning will be carrying out the infrastructure works for the $1-billion King Abdullah Medical City, a massive healthcare project coming

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?