Dena Bank Q4FY17 Standalone Net Loss Widens To Rs.575.3 Crore Yoy

Dena Bank’s Q4FY17 standalone NII for the quarter came in at Rs 450 crore a 28% yoy decline which was  aided by decline in interest  earned by 13% yoy to Rs.2297 crore.

Gross NPAs for the period recorded a 47% yoy jump to Rs 12618 crore leading to a 632 bps worsening of asset quality. Thereby, Gross NPA as a percentage of Gross Advance stood at 16.27%.

Provisions for bad loans increased by 7.9% yoy to Rs 972 crore.

The net loss for the quarter widened to Rs. 575 crore vs net loss of Rs.326.38 crore in Q4FY16 this was largely due to decline in revenues.

Deposits for the bank declined by 3% to Rs.113942.77 crore while advances  also declined 12% to Rs.72574.62 crore. Banks capital adequacy ratio stood at 11.39% vs 11.00% in Q4FY16.

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