(L-R) Shri Rakesh Goel, Director, Shri A.K. Dutt, ED, Shri Ashwani Kumar, CMD, Dena Bank , Shri M.L. Gupta, Director, Shri Rohit M. Desai, Director and Shri Mukesh Mohan , Director, Dena Bank.

Dena Bank, India’s ‘Trusted Family Bank’, has announced that the Total Business of the Bank as on 31st March 2013 stood at Rs. 1,63,664  crore, up 21.84% (Rs. 29,338 crore) as compared to Rs. 1,34,326 crore as on 31st March 2012. The Net Profit of the Bank for FY 2013 increased to Rs. 810.38 crore as against Rs. 803.14 crore for previous financial year. The Operating Profit of the Bank for FY 2013 was at Rs. 1,738.86 crore, up 13.77% as against Rs. 1,528.43 crore for the previous fiscal. During FY 2013, the Total Income stood at Rs. 9,554.85 crore, up 29.53% in comparison with Rs. 7,376.30 crore for the previous fiscal. The  Net  Interest  Income  (NII)  for  FY  2013  was  Rs. 2,383.10   crore, up 13.43%  compared  to  Rs. 2,101.00  crore for FY 2012. Non-interest income was Rs. 655.46 cr for FY 2013 as compared to Rs. 582.17 crore for previous financial year showing an increase of 12.59%. The Return on Assets [ROA] stood at 0.86%, and Return on Equity [ROE] stood at 17.62% for FY 2013. Earnings per share was Rs. 23.15 as on 31.03.2013 as against Rs. 24.08 as on 31.03.2012. Book Value per Share rose to Rs. 156.58 as on 31.03.2013 when compared to Rs. 126.91 as on 31.03.2012. Net Interest Margin: Interest Spread to average interest bearing assets for Year ended 31.03.2013 has been at 2.80%. During the year, the Bank opened 122 Branches across the country.

The Board of Directors of Dena Bank Limited at its meeting held at Mumbai today, approved the audited accounts of the Bank and Shri Ashwani Kumar, Chairman and Managing Director, Dena Bank, announced the annual performance of the Bank after the adoption of the financial results for the year ended 31st March 2013 by the Board of Directors.

The Total Income for the Quarter [Q4] ended 31st March 2013 grew by 17.24% and reached Rs. 2,539.74 crore as against Rs. 2,166.36 crore for Q4 of FY 2012. The Interest income also grew by 17.81% over Q4 of FY 2012 to reach Rs. 2,304.26 crore as on 31.03.2013. The Net Profit of the Bank for the Quarter [Q4] ended 31st March 2013 stood at Rs. 125.67 crore as against Rs. 254.79 cr for Q4 FY 2012 mainly due to higher provisions and contingencies of  Rs. 275 crore against Rs. 221 crore during Q4 of previous year. The operating profit of the Bank for the Quarter [Q4] ended 31st March 2013 was Rs. 400.76 crore as against Rs. 475.51 crore for Q4 of previous fiscal mainly due to reduction in Base Rate as also rationalization of interest rates on Agriculture, MSME and Retail Advances. Non Interest Income from areas like Commission, Exchange, Brokerage, etc., was Rs. 235.48 crore as on 31st March 2013 showing an increase of 11.88% on y-o-y basis. The Return on Assets [ROA] stood at 0.49%, and Return on Equity [ROE] was 10.17% for the Quarter [Q4] ended March 2013 (annualized).

Source : Sachin Murdeshwar