Dena Bank: Q1FY18 Results
DSIJ Intelligence / 29 Jul 2017
The company registered NII growth of 50% QoQ to Rs. 675.05 crore for the first quarter of FY2017-18. Its NII for quarter ended 31st March 2017 was Rs. 450.07 crore.
Dena Bank reported its standalone financial results for the quarter ended June 30, 2017.
The company registered NII growth of 50% QoQ to Rs. 675.05 crore for the first quarter of FY2017-18. Its NII for quarter ended 31st March 2017 was Rs. 450.07 crore.
The company's net loss for the quarter narrowed by 76.9% QoQ to Rs 132.65 crore.
Revenue from retail banking increased by 18.4% QoQ to Rs. 627.18 crore from Rs. 529.58 in Q4FY17, whereas revenue from wholesale and treasury operations declined by 13% and 1.57% and stood at Rs. 934.68 crore and Rs. 858.45 crore respectively.
Provisions reduced by 46.2% from Rs. 972.04 crore to Rs. 522.48 crore QoQ.
GNPA for the quarter increased by 3% to Rs. 12994.16 crore from Rs. 12618.73 crore QoQ. Its GNPA as a percentage to gross advances stood at 17.37%, a 110 bps increase from previous quarter.
Dena Bank is a public sector bank engaged in retail, wholesale banking and treasury operations.