Dena Bank Ltd Quarterly Results Highlights:
Improved efficiency of the bank has led to 44% jump (Y-o-Y) and 11% jump (Q-o-Q) in NII to Rs 360cr. NIM has improved to 2.82% in the quarter under review from 2.80% in Q4FY10 and 2.42% in Q1FY10.
The Bank has able to grow its Advances grew by 34% to Rs 37884cr in Q1FY11 from Rs 28299cr in Q1FY10, while the Deposits growth rate stood at 24.72 to Rs 53311cr as against Rs 42745cr during Q1FY10. The CASA ratio of the bank stood at 35.7% against 35.2% a year ago.


