Dena Bank net profit rises 13% in Q3

State-run Dena Bank on Friday posted a 13 per cent growth in net profit to Rs 76.5 crore in the third quarter ended December 31, 2014.

The bank's net profit in the same quarter last year stood at Rs 67.8 crore.

Total income has increased to Rs 2,867.32 crore for the quarter from Rs 2,662.80 crore for the quarter ended December 31, 2013.

Gross NPAs as a percentage to total advances rose significantly to 5.61 per cent from 2.96 per cent in the same quarter an year ago.

Its net NPAs went up to 3.97 per cent from 2 per cent at the end of December 2013.

However, total provisions, excluding for income tax, rose to Rs 241.33 crore as against Rs 382.43 crore in the year-ago period.