Dena Bank's net profit halves to Rs 125.67 crore

New Delhi: Public sector lender Dena Bank's profit more than halved to Rs 125.67 crore in the quarter ended March 31 of 2012-13 due to higher provisioning and contingencies.

The bank had reported net profit of Rs 254.79 crore over the same period (January-March) of the previous fiscal 2011-12.

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.

[caption id="attachment_773273" align="alignleft" width="380"] Reuters[/caption]

Total income of the bank during the quarter under review (January-March) rose to Rs 2,539.74 crore from Rs 2,166.36 crore a year earlier.

For the full fiscal 2012-13, the net profit of the bank rose marginally to Rs 810.38 crore from Rs 803.14 crore in 2011-12.

Total income during the year rose to Rs 9,554.85 crore from Rs 7,376.30 crore.

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Shares of the bank closed at Rs 93.90 apiece on the BSE on Friday, up 0.91 per cent from their previous close.

PTI