Dena Bank Performance Highlights for the Quarter 31st Dec 2018

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

“Dena Bank reduces its Gross NPA by Rs 3142 crores in 3months of Q3“

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.

 

Business Growth

 

 

 

 


1. Business Mix:

 

 

Business Mix [Total Deposits + Gross Advances] of the Bank, which was `1,77,863 cr as on 31st Dec 2017 cr has decreased to ` 1,66,981 cr as on 31st Dec 2018 showing a decline of 6.12%. On a sequential basis, Business Mix was `1,69,535 cr as on 30th Sept 2018.

Business Mix [` in cr ]

 

2.        Deposits:

 

 

 

Total Deposits of the Bank have decreased by 3.96 % from ` 1,05,420 cr as on 31st Dec 2017 to ` 1,01,247 cr as on 31st Dec 2018.Total Deposits as on 31st March 2018 were ` 1,06,130 cr. On sequential basis, Total Deposits as on 30th Sept 2018 were      ` 1,01,260 cr.

 

 

 

Total Deposit [` in cr]

 

 

 

 

 

 

 

 

3.        Advances:

 

Gross advances have decreased by ` 6,709 cr from ` 72,443 cr as on 31st Dec 2017 to ` 65,734 cr as on 31st Dec 2018 showing a decline of 9.26%. On sequential basis, Gross Advances as on 30thSept 2018 were `68,275 cr.

 

 

 

 

 

Advances [` in cr]

4. Gross NPA :

 

Gross NPAs have reduced from `  14168.78 cr as on 31st December 2017  to ` 12998.46 cr  as on 31st December 2018 showing a decrease of  8.26%   . On sequential basis the same was ` 16140.39 cr and has registered a decrease of  19.47%

 

 

 

 

 

Gross NPA (` in cr)

Net NPA :

 

Net NPAs have reduced from ` 7,564.20 cr as on 31st December 2017  to ` 6,142.47 cr  as on 31st December 2018 showing a decrease of  18.80%   . On sequential basis the same was ` 6,902.38 cr and has registered a decrease of  11.01%

 

Net NPA (` in cr)

Net Profit/ [Loss]:

Net loss has decreased from ` 380.07 cr for Dec 2017 [Q] to ` 178.47 cr for Dec- 2018 [Q] on sequential basis registering a decrease of 53.12%. On sequential basis Loss was ` 416.70 cr

Highlights for the Quarter ended 31.12.2018

  1. Gross NPA to Gross Advances Ratio has reduced from 23.64% as on 30th Sep 18 to 19.77% in the current quarter.
  2. Net NPA to Net Advances Ratio has reduced from 11.70% as on 30th Sep 18 to 10.44% in the current quarter.
  3. Provision Coverage Ratio has improved from 65.27% as of 30.09.2018 to 66.60% as of 31st December 2018. The same was 56.85% as of 31st December 2017
  4. Provision for NPAs has decreased from ` 1044.28   cr in Q3 FY 2017-18 to ` 519.37 cr in the current quarter.
  5. Up-gradations from NPA portfolio has increase to ` 417.08 cr as against up gradations of ` 98.83 cr in Q3 FY 18. On sequential basis the same was Rs 122.75 cr. Up-gradation during Dec 2018 [9M] is ` 854.52cr as compared to ` 551.31 cr during Dec 2017 [9M].
  6. Cash recoveries in NPAs of ` 1036.40 cr in the current quarter as compared to Cash Recoveries of ` 170.79 cr in Q3 FY 18. On sequential basis the same was Rs 697.03 cr. Cash recovery during Dec 2018 [9M] is ` 2619.34 cr as compared to ` 661.85 cr during Dec 2017 [9M].
  7. Net Interest Income has improved from ` 1975.30 cr in Nine Months period ended 31.12.2017 to ` 2099.32 cr in the corresponding period of current year.

 

  1. Average Yield on Investments has increased from 7.21% for Dec 2017 [Q] to 7.25% for Dec 2018 [Q]. On sequential basis, it was 7.25% for Sept 2018 [Q].
  2. Average Yield on Advances has  decreased from 8.22% for (9M) ended 31st December 2017 to 8.04% as of 31st December 2018

 

10. Average Cost of Funds has decreased from 5.67% for Dec 2017 [Q] to 5.50% for Dec 2018 [Q]. It was 5.54% for Sept 2018 [Q].

11. Net Interest margin has improved from 2.31 % for Dec 2017 [9M] to 2.52% for Dec 2018 [9M].

12. Recovery in written off accounts is ` 112.63 cr for the Dec 2018 [Q] vis-à-vis ` 1.86 cr for Dec 2017 [Q]. The same is Rs 147.95 cr for 9 M period ended 31st December 18 as compared to Rs 92.42 cr for 9 M ended December 17.

13. During Dec 2018 [Q], total expenses of the Bank were ` 2,066.59 cr as against `2166.37 cr during Dec 2017 [Q], a decrease of ` 99.78 cr.

14. Interest Paid on Deposits for Dec 2018 [Q] was ` 1,350.79 cr as against ` 1,437.80 cr for Dec 2017 [Q] showing a decrease of 6.05%.

  1. CRAR has marginally increased to 10.21% as of Dec- 2018 from 10.10 % as of Sep- 2018. The same was 11.48% as of 31st December 2017.
  2. CASA Ratio has improved from 38.46% as of 31st December 2017 to 41.24%as of 31st December 2018. Sequentially the same was 41.03% as of 30th September 2018.
  3. Dena Bank got ranked 1st in the category of Best performing public Sector Bank in terms of Average Aadhar Generation & Update.

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