Date:30/07/2004 URL: http://www.thehindubusinessline.com/2004/07/30/stories/2004073002310800.htm

Back Dena Bank net rises 26 pc

Our Bureau

Mumbai , July 29

DENA Bank has posted a 25.75 per cent jump in net profit for the first quarter ended June 30,2004, at Rs 36.72 crore against Rs 29.20 crore in the corresponding quarter, the previous year.

Total interest income increased to Rs 436.5 crore (Rs 427.63 crore). Interest expended reduced to Rs 270 crore (Rs 291 crore), said a press release.

Gross advances increased to Rs 10,400 crore during the first quarter of the current fiscal (Rs 9,110 crore).

Total deposits increased to Rs 19,227 crore (Rs 17,135 crore). Current deposits increased to Rs 1,861 crore, while savings bank deposits rose to Rs 5,900 crore.

Average cost of deposits came down to 5.10 per cent (6.06 per cent). Business mix increased to Rs 29,628 crore (Rs 26,245 crore). Capital adequacy ratio is at 9.97 per cent.