+nrShe

DENA BANIK
frisro gq6 ibe : tqr

orft

s-to, 'il'

des,
16, qiil gaf
siil (T4), ger{ +oo ost.
INVESTOR REI-ATIONS CENTRE : Dena Corporate Centre, C-10, 'G' Block, Bandra - Kurla Complex, Bandra (E), Mumbai .. 400 051.
Tel :2654 5318 / 19 120' Fax:i16545317. E-mail:irc@denabank.co.in / investorgrievance()denabank.co.rn

ofrdffi,

August 12,2016

Ref. No. HO/l RC/320 12016

The Vice President - Listing
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal {itreet,
Mumbai - 400 001.

Vice President - Listing

The National Stock Exchange of lrr
Limited,
Exchange Plaza,
Bandra-Kurla Complex, Bandra (East),
Mumbai - 400 051.

Dear Sir,

Re: Unraudited (Reviewect) Financial Resutts for the first quarter ended
June 2016 and Linrited Review Report.

i|Oth

Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2A15, we are pleasecl to

submit herewith Unauditedl (Reviewed) Financial Results of the Bank for the 1"
quarter ended 30th June 2A16, which are taken on record by the Board of Directors
of the Eiank at its meeting held today at Mumbai.

We als,o enclose herewith Statutory Central Auditor's report, who have carried out
limited review of thre quarterly results for the quarter ended 30th June, 2016 for your
information and perusal, as per the said regulations.

Press release in this regard is also being released to the press for publicatiorr
terms of Regulation 47(1Xb) of the Rergulations.
Thanking You.

Asst. General Manerger

(rRC & BPR) &
Compliance Officer
Encl: asi above

in

REVIEWID FII'IANCIAT RESUI.TS TOR IHE PUARTER EI.IDED 3OTH JUNE

20I6
({

Sr. No

Inleresl eorned

(o+b+r+d)

0) Interesf /dis(0unf on odvonces/ bills

b) Income on inveslmenl
Q

31.03.20r 6

30.06.20 I 5

3r.03.20r6

IReviewed]

IAudiled]

lReviewedl

lAudiledl

2,68,63"

2,63,14t

2,76,8tt

1,92,154

t,90,95t

2,03,121

1,t5,50t

66,0r {

2,60,8t I

t0,428

66,20i

241

52:

Inlerest on bolonces with Reserve Bonk of Indio ond olher irrler bonk funos

0lher income

Totol income

Inleresl [xpended

(l+2)

Jperoling expenses (i)+(ii)

i)

ii) [}fher operoting expenses

'otol
expenditure (4+5)
6
Exduding provisions ond conf ingencies)
7

6,06i

6,r 90

22,t0':

21,58i

r4,6t I

2,90,73t

2,85,33s

2,91,48i

2,06,544

2,01,231

2,14,05i

l4

'rovisions (other thon lox) & (ontingencies

:xceplionol ltems

t0

Profil

1,68(

t,36,25:
8,r 6,899

60,734

54,80(

2,26,824

37,921

36,32

35,55t

1,44,8 I i

19,221

24,40

t9 244

82,0t I

2,63,691

2,51,961

2,68,851

10,43,72i

27,044

23,37f.

22,63(

92,53(

66,68t

90,094

32,47!

2,41,61\

(+)/

Loss (-)

from 0rdinory Acfivities before tox (7-

- 9)

(66,124

(e,845

(r,55,089

(r r,36r

(39,64r

Tox Ixpense

(r r,706

(34,086

ilel Profil(+)/ Loss(.) from 0rdinory Activities oftertox (10.1 l)

(21,e35

(32,638

Exlroordinory lfems (net of tox expense!

{et Profil+)/ Los(-)for the period (12-t3)

lzt,93s

(32,638

)oid up
equity shore

t7

3,79\
24,45

0peroting Profit (3 - 6)
(Profif before provisions ond contingencieg

I6

10,64,57i

,54t

5,80/

57

Employees (osl

Yeor ended

30.06.20r 6

d) 0lhers

ended

Quorter
Porticulors

in locg

ropital

(Foce

t,5l

(6

r,557

(e3,532

volue of Tl 0/ - per shore)

r5l

(93,s32,

66,693

66,693

NA

5,54,50i

NA

5,54,50i

62.8\

59.15

62.8t

t.?l

il61

tl.27

0.81

I t.00

56,r r

66,69i

leserve exduding Revoluotion Reserve (os per Bolonce Shr:el of prevlou

rcrounling yeor)

Inolyti(ol Rotios
i)

Percentoge 0f sh0res held by Govt. of Indio

62.8\

ii) (opilol Adequocy Rotio %

o). Bosel-ll

I.3t

b). Eosel -lll

0.79

il.0(

(4.r e

(5 05

021

(r 5.50

(4.r 9

(5.05

027

(r 5.50

Amounl of Gross N0n Performin0 Assels

9,63,63i

8,56,049

4,84,01(

8,56,04!

Amount of Nef Non Performing Assets

5,9t,1

5,23,047

3,23,141

5,23,041

I1.88

9.98

62(

99[

t6!

63:

424

63:

(0 86

(0 75

00r

(r.02

iii) Eorning per shore (EPS)-Not Annuolised

Bosir & diluted tPS before Extroordinory ltems (net of tox expense) lor fhe
period, for lhe yeor to dole ond for the previous veor lin

{l

Bosic & diluled EPS ofler Exfroordinory llems net of tox exp,ense) for

period, for lhe yeor t0 dote ond for lhe orevious yeor fin

{l

th!

iv) tlPA Rolios

Percentoge of Gross NPAs to Gross Aovonres

Perrenloge of

ilel

l{PAs

lo l{el odvonres

v) Return on Assets (Annuolised) [%]

i!

t^

Segment Wise Result

({

ended

Quorter
Sr. No

Portirulors

30.06.20t 6

3t.03.20r

lReviewedl
I

IAudiled]

Yeor ended

30.06.20t 5

3t.03.20t6

IReviewedl

lAuditedl

iegmenf Revenue
_D.

IESluly

0perotions

88 39t

r).

(orporofe/Wholesole Bonking

c).

Reloil Bonking

J),_!j!g_!gn!4s
ln<ome
2

in locs)

Qperorion

from 0peroiions

iullng4&ryll(

Prof

ir

79.31 I

75,649

3,05,906

36 04i

1,41,721

5,54.535

61,20

57.891

68.7r

l0

l2

t,3r,r

0:

03r

2,90,735

2,40,676

5,398

35,1 36

2,85,33s

2,91,486

| 1,36,253

Bef ore Tox)

ll,46t
r). (orporote/ Wholesole

00

Bonkino

).

Reloil Bonking

l).

0lher Bonking 0perotions

lolol

t4

(2.t 83

10,19

4 844

?0 {?r

(e,8s4l

(32,566"

19,829

(35,3591

34,15t

19,6t 4

(66,724

(9.845

29,tli
fl

l{et Profit

4l.22r

I7

{l 096
I 02(

(39,64r

fox [xpenses

(r,l

64 842

Less: Unollocoled Exoenses

Iolol Profit/ (Losg before lox

26

(28,250

I 3,61 I
491

(92,350

n4.769

l,l

8.730

fl.55.089

1,706

(34,086

il t.36r

(61,s57

.27,93s

(32,538)

r,5l 6

(93,532

iegmenl Assels
o). Ireosury 0perolions

r).

(orporote/ [/holesole Eonking

J. Retoil Bonking
l). [)ther Bonking
r). lJnollocoted
lolol Assets

0perofions

44,83,881

44,95,32:

42,08,167

44,95,32

50,00,55

5l.66,28'

52,93,6t5

5r,66.28/

28 00 84r

3r.58,05(

24,31,6t5

3r,58.05(

1,22,38(

Assefs

4 00

t,07,231

1,37 ,41

3,87.09t

3,t 0,061

3,87,09(

1,33,44,164

1,23,50,t49

t,33.44, | 64

1,31

60i

t,28,08,26s

,415

iegment liobiliries

r).

Ireosury 0perotions

r). (orporote/ Wholesole

Bonkinq

Reloil Bonking

4{,83,88(

44,95,3r

42,08,r 67

44,95,31

48,78,r 8l

50,n,49

50,0t,875

50,71.49i

26,60,91i

29,28,681

22,46,t30

29,28.68t

85,55r

t,16,5t,

1,09,586

|.l6,5ll

7,14,t4

7,45,528

7.14.t4

0lher Bonkino 0perolions

r).

Copitol tmployed

).

Unolloroted Liobililies

6,85,t2i
t4,6r4

Iotol liobilities

1,28,08,26s

r,94:

t,33,44,1 54

l 1,94:

38 863

1,23,50,t49

t,33,44,r64

The Bonk does nol hove ony se(ondory (geogrophirol) segmenl

NOTES

The obove finonriol results were reviewed by thtr Audit Committee ond opproved by the Boord
I 2.08.201 6' The some hove been

of Directors ot its meetinu held on

reviewed by Stolulory tentrul Audilors 0f lhe Bonk, in line with the direclions issued by the

Resrerve Bonk

of Indio ond os per the requirement of listing ogreement with gtock lxrhonges.

The Finonciol resuhs h0ve been prepored in occordonce with the Accounting Stondords (AS-25) on "lnterim finonciol Reporting" following
Actounling Policies os lhose followed in preporotion

,of

onnuol finonciol stolements for lhe yeor ended 3l

"

Morch 201 6.

Ihe finonciol resuhs for the quorter ond lhree monlhs ended 30th June 2016, hove been orrived ot ofter considering provision for
Performing Assels, Stondord Assets, Restructured Assets, Depreciotion

Provision

for

Non

Investments ond Provision for Exposure to Enlitier;

with Un-hedged Foreign Currency Exposure on the basis of Pru!entiol norms 0nd guidelines issued by RBl. Provision for Toxes, Depreciotion
on Fixed Assels, Employee Benefils ond Other Provfsions for Contingencies hove been considered on eslimoted bosis.

Provision [overoge Rotio is 52.1 3% 0s 0n 3()th June jl0l 6.

ln occordonce with the

RBI circulor no. DBOD No. BI'.BC.l/21.Q6.20112015-16 doted July 01, 2015,

Pillor 3 distlosures including leveroge rotios ond liquidity (0yer0ge roiios under Bosel

lll

ropitol requirements. The disclosures ore being

mode ovoiloble on the home poge of Bonk's website. These

{isclosures hove nol been subiected
Audilors of the Bonk.

In complionce of RBI Letter DBR.No.BP.l 301 8

l2l.01.04812015-l

Aotel I 2 April

201 6,

the bonk is required lo moke holf yeorly

lo limiled review by the Stolutgry (entrul

the Bonk is required to moke o provision of Rs. 59.5g rr

r os on tOth June 201 6 under food credit ovoiled by the Stote Government of
Puniob,outofwhichtheBonkhosolreodyprovidedRs.40.55{rtill3lstMorrh20l5ondBolonceProvisionofRs.lg.03cr
being I 5% of the existing outstonding

of

Rs. 397.21

hosbeenmode

during the quorter ended 30th June 201 6.

Position of Inveslors comploints for the quorter-ended 30th Jurle 201 6 is os under:

Beginn inq

Re

Ni

re iv ed

Re so

lv ed

Ni

(orresponding figures of eorlier periods hove been regroupe{/

reclossified, wherever ne(essory to moke fhem comporoble with the periort
under review.

,\t>
(Romesh S Siriglr)

(Irishno Guho)

Erecutive Direclor

ForM/sSCAimero&Co

Executive

M/s, Anond &

Chortered

No. 08,l 398

FRN

Pending

002908C

Ploce

Mumboi

Dote : 12th Aug 2016

Accountonts

No. O2l 695

FRNOOOIIIS

(As

ni Kumor)

Choirmun & Monoging Direcfor

M/s APAS & Co

For Join & Join

xa

Accountonls

SCAjmera&Co'
Chartered Accountants
lB,Technocrat Housing SocietY,
Moti Magri Scheme,
Udaipur (Rai)- 313001
APAS & CO.
Chartered Accountants
"Krishna -Ranjan", B 35/5,
Raipur (CG)-492001

Anand & PonnaPPan

Chartered Accountants

46/8, South Boag Road,

T. Nagar,
Chennai (TN)- 600017

Jain & Jain

Chartered Accountants
601,Jolly Bhavan, No-2,
51,New Marine Lines,
Mumbai (Mah)-400020

To

The Board of Directors,

Dena Bank,
Mumbai.
lntroduction:

We have reviewed the accontpanying statement of unaudited financial

results of Dena Bank for the rluarter and three months ended 30th June
2016 except for the disclosures regafding "Pillar 3 under Basel lll Capital
Regulations", which have been traqed from disclosures made by the
Management and have not beren reviewed by us, This statement is the
respo'nsibility of the Bank's Marragenlent and. has been approved by the
Board of Directors, Our responsibilily is to issue a report on the said
statement based on our review'
Scope of Review:

We conducted our review in etccordance with the Standard on Review

Engagements tSREI 24l'0, " l?eview of lnterim Financial lnformation
pelrfo'rmed by the lndependent Auditor of the Entitl/' issued by the Institute
of CharteredAccountants of Intlia. This Standard requires that we plan and
perform the review to obtain moderate assurance as to whether the
financial statements are free o1'material misstatement.

rconsists principally of applying analytical

procedures to financial data and making enquiries of persons responsible
ior financial and accounting mrartters. lt is substantially less in scope than
an audit conducted in accordarnce with the generally accepted auditing
standards, the objective of whic,h is thre expression of an opinion regarding
the financial statements taken ils a Whole. Accordingly, we do not express
an audit opinion.

A review of financial results

6.Jryq)

The accompanyingfinancial resul[s incorporate the relevant returns of 20

branches reviewed by us,4 branches reviewed kly us through Core Banking
System of the Bank along with tvlan rgement inputs" In the conduct of our
review, we have taken note of thq review reports in respect of non_
performing assets submitted by the concurrent auditors of 2i branches
to
the Bank Management, These review reports cover 5g.60% of the
advances portfolio and 61.93% of the Non Performing Assets of the Bank.
In the conduct of our review wer have also relied uhreviewed returns in
respect of 1807 branches of the Bank.
Conclusion:

Based on our review as aforesaid, subject to limitations in scope as

mentioned above, nothing has come to our attention that causes us to
believe that the accompanying statement of unaudited financial results
together with the notes thereon, prepared in accordance with applicable
accounting standards and other recagnised accounting practises and
policies, has not disclosed the information required to be disciosed in terms

of

33 of the SEBI (Li$ting Obligations and Disclosure

Requirements, 2015) including the manner in which it is to be disclosed or
that it contains any material misstatement or that it has not been prepared
in accordance with the relevant prudential norms issued by the Reserve
Bank of India in respect of income recognition, asset classification,
provisioning and other related matters.
regulation

for,SCAjmera&Co

for,Anand & Ponnappan

Chartered Accoun

Chartered Accountan

N
',%'
R Ponnappan

Partner

M No 078398
FRN OO29O8C

M No 021695
FRN OOO1115

for,AP A S & Co
Chartered Accountants

for,Jain & Jain

Chartered Accou
c
'l

)r

l'?
.i>,'
rr'/J

M No 078796
FRN OOO34OC

Place: Mumbai
Date: 12.08.2016

l'

Ajay B Jain
Partner
M No Il-0372
FRN 103869W

lf
)2