Quarterly Results: Dena Bank
Shital Jibhe / 07 Nov 2016
Dena Bank is currently trading at Rs. 35.4, down by 0.8 points or 2.21% from its earlier closing of Rs. 36.2 on the BSE. The bank's Gross NPA’s for the period recorded a 104.9% yoy upswing to Rs 10,825 cr leading to a 700 bps worsening of asset quality. Thereby, Gross NPA as a percentage of Gross Advance stands at 13.8%.
Technical View:
Dena Bank is currently trading at Rs. 35.4, down by 0.8 points or 2.21% from its earlier closing of Rs. 36.2 on the BSE.
The scrip touched a high and low of Rs. 35.9 and Rs. 35.1 respectively, after opening at 35.85. In totality 636731 (NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 100 DMA.
Standalone Results Q2FY17: (Rs. in crore)
***NPA change in bps
Dena Bank’s Q2FY16 standalone NII for the quarter has come in at Rs 671 cr a 2.2% yoy upsurge. This can be attributed to a 4% yoy decline in interest expended partly offset by a 3% yoy drop in interest earned.
The bank's Gross NPA’s for the period recorded a 104.9% yoy upswing to Rs 10,825 cr leading to a 700 bps worsening of asset quality. Thereby, Gross NPA as a percentage of Gross Advance stands at 13.8%.
Dena Bank's provisions for bad loans surged 93.3% yoy to Rs 554 cr.
The bank has reported a net loss for the quarter of Rs 44 cr against a net profit of Rs 38.8 cr during the corresponding period of the previous year. This was majorly owing to the higher provision for bad loans.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.