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.

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