Dena Bank's deficit doubled in the second quarter, the government bank benefited 27 million
The loss of the government bank Dena Bank has doubled to Rs 416.70 crore.
Public sector Dena Bank's loss has doubled in the September quarter of the current financial year to Rs 416.70 crore. The bank gave its information on Tuesday. The bank had a loss of Rs 185.02 crore in the corresponding quarter last fiscal. The bank told the stock market that its total income also declined to Rs 2,537.01 crore in the current financial year from Rs 2,608.83 crore in the previous financial year.
The property quality of the bank has also declined during this period. The unified NPAs of the bank increased from 17.23 percent to 23.64 percent. The bank's net NPA also increased from 10.61 percent to 11.70 percent.
The provisions made by the bank for NPAs also increased from Rs 652.34 crore to Rs 724.05 crore during this period. The bank said that the Board of Directors has cleared the merger with Bank of Baroda and Vijaya Bank in the meeting held on 24th September. Dena Bank's stock fell 1.92 percent to close at Rs 15.90 on Tuesday in the Bombay Stock Exchange.
Bank of Maharashtra profit of Rs 27 crores
Bank of Maharashtra (BOM), a public sector bank, has a net profit of Rs 27 crore in the second quarter of the current financial year ended September. The bank had a loss of Rs 23.24 crore in the same quarter last fiscal. In the first quarter ended June, the bank had a loss of Rs 1,119 crore. In the information sent to the stock exchanges, the bank said that its total income declined to Rs 3,192.80 crore during the quarter, from Rs 3,303.62 crore in the corresponding quarter of the previous fiscal.
During the quarter, the gross non-performing assets (NPA) of the bank increased to 18.64 per cent, from 18.54 per cent in the same quarter last fiscal. According to the value, the gross NPA of the bank stood at Rs 16,872.84 crore, which was Rs 17,239.27 crore in the same quarter a year ago.
The net NPAs of the bank declined to 10.61 percent during the quarter, from 12.68 percent in the same quarter a year ago. According to the amount, the net NPA of the bank stood at Rs 8,742.86 crore, which was Rs 10,990.34 crore in the same quarter a year ago. In the July-September quarter, the provision for bank's immersed debt stood at Rs 941.71 crore, which was Rs 835.12 crore in the corresponding quarter of the previous financial year.
Public sector Dena Bank's loss has doubled in the September quarter of the current financial year to Rs 416.70 crore. The bank gave its information on Tuesday. The bank had a loss of Rs 185.02 crore in the corresponding quarter last fiscal. The bank told the stock market that its total income also declined to Rs 2,537.01 crore in the current financial year from Rs 2,608.83 crore in the previous financial year.
The property quality of the bank has also declined during this period. The unified NPAs of the bank increased from 17.23 percent to 23.64 percent. The bank's net NPA also increased from 10.61 percent to 11.70 percent.
The provisions made by the bank for NPAs also increased from Rs 652.34 crore to Rs 724.05 crore during this period. The bank said that the Board of Directors has cleared the merger with Bank of Baroda and Vijaya Bank in the meeting held on 24th September. Dena Bank's stock fell 1.92 percent to close at Rs 15.90 on Tuesday in the Bombay Stock Exchange.
Bank of Maharashtra profit of Rs 27 crores
Bank of Maharashtra (BOM), a public sector bank, has a net profit of Rs 27 crore in the second quarter of the current financial year ended September. The bank had a loss of Rs 23.24 crore in the same quarter last fiscal. In the first quarter ended June, the bank had a loss of Rs 1,119 crore. In the information sent to the stock exchanges, the bank said that its total income declined to Rs 3,192.80 crore during the quarter, from Rs 3,303.62 crore in the corresponding quarter of the previous fiscal.
During the quarter, the gross non-performing assets (NPA) of the bank increased to 18.64 per cent, from 18.54 per cent in the same quarter last fiscal. According to the value, the gross NPA of the bank stood at Rs 16,872.84 crore, which was Rs 17,239.27 crore in the same quarter a year ago.
The net NPAs of the bank declined to 10.61 percent during the quarter, from 12.68 percent in the same quarter a year ago. According to the amount, the net NPA of the bank stood at Rs 8,742.86 crore, which was Rs 10,990.34 crore in the same quarter a year ago. In the July-September quarter, the provision for bank's immersed debt stood at Rs 941.71 crore, which was Rs 835.12 crore in the corresponding quarter of the previous financial year.
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