Article: Dena Bank FY07 net profit up 176 per cent at Rs 201.56 cr.

Dena Bank FY07 net profit up 176 per cent at Rs 201.56 cr

Mumbai, Apr 25 (PTI) Riding on a robust hike in interest income combined with a healthy fall in non-performing assets, public sector lender Dena Bank posted a 176.15 per cent jump in its net profit at Rs 201.56 crore in FY 07.

The bank's net worth breached the Rs 1,000-crore mark for the first time at Rs 1,086.81 crore while its capital adequacy ratio increased to 11.52 per cent as against 10.62 per cent in the previous fiscal.

Describing the 41.32 per cent increase in interest income on advances as "very important", Dena Bank chairman and managing director P L Gairola attributed the ...

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