Dena Bank reduces its Gross NPA by Rs 3142 crores

Shri Karnam Sekar, MD & CEO, Dena Bank, announced the financial results of the Bank for the Quarter ended 31st Dec 2018 after adoption by the Board of Directors. Total Deposits of the Bank have decreased by 3.96 % from Rs.1,05,420 cr as on 31st Dec 2017 to Rs.1,01,247 cr as on 31st Dec 2018.Total Deposits as on 31st March 2018 were Rs.1,06,130 cr. On sequential basis, Total Deposits as on 30th Sept 2018 were Rs.1,01,260 cr. Gross advances have decreased by Rs.6,709 cr from Rs.72,443 cr as on 31st Dec 2017 to Rs.65,734 cr as on 31st Dec 2018 showing a decline of 9.26%. On sequential basis, Gross Advances as on 30thSept 2018 were Rs.68,275 cr. Gross NPAs have reduced from Rs.14168.78 cr as on 31st December 2017 to Rs.12998.46 cr as on 31st December 2018 showing a decrease of 8.26%. On sequential basis the same was Rs.16140.39 cr and has registered a decrease of 19.47%. Net NPAs have reduced from Rs.7,564.20 cr as on 31st December 2017 to Rs. 6,142.47 cr as on 31st December 2018 showing a decrease of 18.80%. On sequential basis the same was Rs.6,902.38 cr and has registered a decrease of 11.01%. Net loss has decreased from Rs.80.07 cr for Dec 2017 [Q] to Rs.178.47 cr for Dec- 2018 [Q] on sequential basis registering a decrease of 53.12%. On sequential basis Loss was Rs.416.70 cr.