Public-sector lender Dena Bank reported on Saturday its profit in the quarter ended March, 2013 more than halved to Rs 125.67 crore due to higher provisioning and contingencies.
Public-sector lender Dena Bank reported on Saturday its profit in the quarter ended March, 2013 more than halved to Rs 125.67 crore due to higher provisioning and contingencies.
The bank had reported a net profit of Rs 254.79 crore over the same quarter last year.
Dena Bank's provisioning and contingencies rose to Rs 341.95 crore in the quarter ended March, 2013 from Rs 291.11 crore over the previous quarter a year ago.
Total income of the bank during the quarter rose to Rs 2,539.74 crore from Rs 2,166.36 crore last year.
For whole FY13, net profit of the bank rose marginally to Rs 810.38 crore from Rs 803.14 crore in 2011-12 (FY12).
Total income during the year rose to Rs 9,554.85 crore from Rs 7,376.30 crore.
Shares in Dena Bank, on Saturday, ended at Rs 93.90 on the Bombay Stock Exchange, up 0.91 per cent from the previous close.
The Bombay Stock Exchange and the National Stock Exchane held a special trading session on Saturday to test cash segment trading from their Disaster Recovery site.
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