Dena Bank Q2 FY 07 net up by 41 per cent

New Delhi, Oct 20: Dena Bank today clocked a 41.34 per cent increase in net profit at Rs 68.75 crore for the second quarter ended September 30, 2006, as compared to Rs 48.64 crore for the corresponding period last year.

The bank's total income also rose by 18 per cent to Rs 607.57 crore for Q2 FY07 from Rs 514.37 crore for Q2 FY06.

Dena Bank recently opened its Bond issue for Upper Tier-II of Rs 300 crore including green-shoe option of Rs 150 crore, on private placement basis, to augment its capital/CRAR and raise resources for expanding banking business.

UNI