Losses of Rs 1,225crore : Dena Bank
Dena Bank’s net loss in Q4 increased to Rs 1,225 crore against Rs 575 crore in the year-ago quarter due to huge loan loss provisions. In FY2018, the net loss widened to 1,923 crore against Rs 864 crore in FY2017.
Net interest income in the reporting quarter was up 11 per cent year-on-year (yoy) at Rs 501 crore. Other income nudged up 2.5 per cent yoy to Rs 323 crore. Loan loss provisions increaased to Rs 2,151 crore during the quarter against Rs 878 crore in the year-ago period.
Gross non-performing assets (GNPAs) rose Rs 2,192 crore to stand at Rs 16,361 crore as on March-end 2018. GNPAs increased to 22.04 % of gross advances as on March-end 2018 against 19.56 per cent as on December-end 2017.