Updates On Financial Results For June 30, 2015 (Result)

+il&F
DENA BANK
fricra{c{rtrq, t{rorqftcd'ig, S-10, 'fr'<f6, Ek -
affitr,
sin ($),gT{ - 400051.

C-df
INVESToR RELATIOIIS CENTRE : Dena Coporate Centre, C-10, 'G' Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051.
Tel : 2654 5318 / 19 / 20
Fax: 2654 5317
E-mail : irc@denabank.m.in / investorgriovance@denabank.m.in
Ref . No. HO/l RC/377 1201 5
30th July, 2015
Vice President- Listing

BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400 001.
Dear Sir,
Re:
June. 2015 and Limited Review Report.

We refer to our letter Ref. No.HO/|RC137512015 dated 30th July, 2015 vide which we
have submitted Unaudited (Reviewed) Financial Results of the Bank for the first
quarter ended 30th June, 2015. ln the said Results, at Sl. No. 1 in the Notes, the
date of the Board Meeting in which the results was approved was inadvertently
written as 30.06.2015 instead of 30.07.2015.
Therefore, we request you to consider the date of Board Meeting as 30.07.20'15. We
are submitting herewith the revised Results. There is no other change.
Accordingly, we request you to take note of the same and inform the market.
Thanking You.
Yours faithfully,
4+
(Amit Kumar)
Company Secretary
Encl: as above
Ef#rH
REVIEWED FINANCIAL RESULTS
fOn rXe eUlnten eruoeo gOttr.tUttE ZO,tE
Lcl-FLr+C+O
al lnterest / discount on aOvEnEesT Oitts

rl lncome on irrvestment
.rr I
Sank
dl Others
2
l
4
wttn
Keserve
Bank funds
Other income
Total income [1+21
l[erest expenoeo
vLqr
E^Psr
tvt(ut
s; lt?Jl
Excluding provisions and continoenciesl
0
lL0
Itl
1.2
I3
74
15
operating profit [3 - 6]
lProfit before provisions and continqenciesl
Provisions [other llhan 13x16 66nfin|7iEi
txceptional ltems
proflt/(Loss) from ordinary activiEEs-beroid
tax[7-8-9]
Tax Expense
NeE proftt [+]/Loss t-l from Ordinarv
activities after tax [10 -11]

lary ltems lnet of tax exoense
Net Profit[+]/Loss[-] for the perioO 1tZ_t{aro Ltp equity share capital
I :ace ,yalue of
16
17
tl
ti
per
Bi
yearl
Analytical Ratios
percentage of shares held by Govt.
of
capital Adequacy natio
lndia-
ltl-
Basric & diluted

item:s lnet of tax
Basic
&
dilutect rpS attEitxtraorOjiEE
itemt; lnet of tax e;rpense] for the period o Amount of Gross Non performinS Assets
)rmrng Assets
r-l I Lr Lsr rLoys vr ur uss tyrAs to bross
Advances
Pr--rcentage
of
N-t--NFAs
Return on Assets lRnnualised]
r,99,44I
69567
68,0s2
1546
74t3
7,97,030
2,73,847
523
4,425
635
1461 1
1053
201:15
29L487
2907VO
209763
43227
22765
L4442
282458
206820
44263
28962
72L33
to
NeE
Non Pr,Jmoters Share Holding

Number of shares [in Lacsl
Percentage of srrare
notolnqPromoters ano @
Holdincr
drrteogeo / tsncumDered
-Number of shares
lt484a2
831552
L9244
20462
rs301
268857
252990
183892
1668
72224
2s1083
101s454
22630
377AO
31375
133028
32475
478o2
(984s)
0
(1002;z)
8569
6766
(11361)
(15604)
4L7
19782)
1516
55812
8152
26548
1516
5582
8152
26548
56115
561 15
53782
56115
NA
61L428
NA
6t7428
59.75
59.75
58.01
tL.62
11.21
10.93
t]-g2
59.75
10.81
a.
Advances
19
% - tBasel
Capital Adequacy F(atio %o - [Basel-llll

Earntng per share [EpS] -Not Annualised
tdl
V
1B
10/ - per share)
Reserr
b.
lv
199655
35556
rg expenseS
Audited
LO,76,349
7L574
s4800
ilEmploy
in lacs
Year ended
3t-03-15
203r2t
2L4057
19 expen$es [i]+[ii]
:t
Quarter ended
30-00-15 31-03-15
30-06-14
Reviewed Audited
Reviewed
276876
270635
2.68.O16
ffi
11
126262
11,21
11.16
r0.93
0.27
1.04
1.52
4.94
0.27
1.04
r.52
4.94
484070
323148
439304
ffio-
439304
6.20
54>
2L7450
4.2L
4.24
3.8;2
2.94
3.82
0.05
0.1t]
0.27
0.22
3014:iC
301430
5.45
2258
225t
22s8
40.25
40.2:;
41.99
40.25
2258
NIL
Nil..
-Percentage of shares [as a percentage of

total shareholding of promoter and proinoter
groupl
NIL
NIL
NIL
Nil..
NIL
NIL
-Percentage of shares [as a percentage of

total share capital of the companvl
NIL
NIL
NIL
NIL
,rt. ','i'.
lbl Non-encumbered
- Number of Shares [in Lacs]
- Percentage of slhares [as a percentage of
total lihareholdinE of promoter and promoter
groupl
3353
33s3
3119
3353
100%
100%
100%o
100%o
- Percentage of shares [as a percentage of

total share caoital of the comoanvl
59.75o/o
59.75o/o
58.017o
59,750/o
SEGMENT WISE RESIJLTS
any secondary [geographicalJ segment.
r')
\_
Page 2 of 4
eFnrAb
DEIIABTINK
NO'|ES:
1.
l-he above tfinancial results were reviewed by the Audit committee

and approved by the Board
of Directors; at its meeting held on 30,0S2015. The same have
been reviewed by statutory
central Auditors of the l3ank, in line with the directions issued
by the Reserve Bank pf India and
as per the requirement rcf listing agreement with Stock
Exchanges.
The Financiill results have been prepared following generally

the same l\ccounting policies
tlrose followed in preparation of financial statements for the year
ended 31st March 21015.
3.
as
The financial results for the quarter ended 30th June, 2015,
have Dreen arrived at after
considering Provision for Non Performing Assets, standard
Assets, lRestructured Assets,
Provision for Investments on the basis of prudential norms

and specific
by RBI and Proivsions for exposures to entities with unhedhred foreign
currency E:xposures. F'rovision for Taxes, Employee Benefits
and other pro,yisions for
Depreciation
guidelines il;sue<J
Contingenci()s have been considered on estimated basis
4.
Provision Co,verage Ratio is 53.24o/o as on 30th June 2015.
5' In accordanr:e with RBI circular

betnks are required
DBoD No. Bp.Bc.2/2L.6.2oL/20L3-L4 dated July 07,2073,

to miake half yearly Pillar 3 disclosures under Basel III capital requirements
with effect from septemlrer 30, 2013. Further RBI has made
ceftain amendments vide circular
No' DBoD'Bl''Bc 38/21'06.2ot/2074-15 dated September r, 2074,
in disclosure requirements
in Table DF-:l1. The disclosures are being made available
on the home page of Bank,s website.
These disclol;ures have not been subjected to audit by the
statutory central Auditors of the
Bernk.
6'
A provision of t 3,648.09 lakhs has been made during the quarter

towards balance of arrears
for wage revision, which is effective from November ol,2ol2. The
aggregate liabilitl/ provided
as on 30th June 2015 is < 23,233.09 lakhs.
7'
out of total T'ax Expenses;, income tax provision amounting to { 5,504

lakh:; has been reversed
during the quarter after reviewlng the provisions made in the books
and crystillised income tax
liability as per the tax returns filed by the Bank, peftaining to pending
asses:;ments.
13' Pursuant to llBI circular No. DBR.No.BP.B:.27/21.04.}48/2OL5-16 dated

July 2,:2015, the
Bank has changed the discount rate to re-compute the dimunition
in the fair valiue of
the
restructured etdvances on the Net Present Value and has recomputed

such dimunition ils on 30th
Junre 2015' A:; a result of change in the discount
rate, the Bank has written back prouision of t
4,239.60 lakhs during the quafter.
tt)
r'\
L:,L
UlY
,\K
ir{
M,
Page
:l of
\ .\.
cidl dt-F
-TENEE
ffi
9.
Position of .tnvestors compraints for the quarter-ended 30th

June 2015 is:
Beginning
N
Received
3
Resolved
3
Pending
Nil
corresponding figures of earlier periocls have been

regrouped/ reclassified, wherever necessary
to make thelm comparat>le with the period under review.
(Trishna Guh
Executive Direltor
SCAjmera&Co.
Chartered Accountan
M No 078398
FRN 002908C
APAS & Co.
Paftner
M No 1119{10
FRN
000340c
Place
: Mumbai
Date
: 30th July 2015
Jain & Jain
Ajay B Jain
Partner
M No 110372
FRN 103869W
Page 4 of 4
SCAjmera&Co,
Anand & Ponnappan

rtered Accou nter nts
46/8, South Boag Fl.oad,
T. Nagar, Chennai (TN)- 600017
Cha
Chaftered Accountants
l8,Technocrat Housing SocietY,
Moti Magri Scheme,
Udaipur (Raj)- 313001
Jain & Jain
APAS & Co.

Chaftered Accounternts
"Krishna -R.anjan", B 35/5,
Raipur (CG)-492001
Chartered Accountants
601,Jolly Bhavan, No-2,
51,New Marine Lines,
Mumbai (Mah)-400020
Limited Review Reoort

To
The Board of Directors

Dena Bank
Mumbai.
Introdution:
We have reviewed the accompanying statement of unaudited fjnancial results of Dena
Bank for the quafter ended 30th June 2015 except for the disclosures regarding 'Public
Shareholding' and 'Promoter and Promoter Group Shareholding' which have been traced
from disclosures nrade by the Management and have not been audited by us. This
statement is the responsibility of the Bank's Management and has been approved by the
Board of Directors. Our responsibility is to issue a repoft on these unaudited financial
statements based on our review.
Scope of Review:
We conducted our review in accordance with the Standard on Review Engagements

ISRE] 24L0, "Revi,ew of Interim Financial Information Performed by the Independent
Auditor of the Ent,ity" issuerd by the Institute of Chartered Accountants of India. This
Standard requires that we plan and perform the review to obtain moderate assurance as
to whether the financial statements are free of material misstatement. A review is limited
primarily to inquiriels of the Bank personnel and analytical procedures applied to financial
data and tlrus provides less assurance than an audit. We have not performed an audit
and accordingly, we do not express an audit opinion.
In the conduct of our Review, we have reviewed the unaudited financial results of Top
20 branches and have relied on the review reports in respect of Non Performing Assets
received from Concurrent Auditors of L74 Branches. These review repofts cover 77.060/o
of the advances portfolio arrd 84.35o/o of Non Performing Assets of the Bank. We have
also relied upon various returns received from the Branches of the Bank.
Conclusion:
Based on our review conducted as above, nothing has come to clur attention that causes
us to believe that the accollpanying statement of unaudited financial results, prepared in
accordance with applicable accounting standards and other recognized accounting
practices and policies, has not disclosed the information, required to be disclosed in
terms of Clause 41t of the lListing Agreement including the mar'tner 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.
Emphasis of Matter:
We draw attention to Note no. 7 regarding reversal of Income Tax Provision of T 5,504
lakhs peftaining to earlier ycrars.
Our conclusion is not qualified in respect of above matter.
for, Anand & Ponnappan
for,SCAjmera&Co
Chaftered Accountirnts
N-*r
Arun Sarupria
Paftner
M No 078398
FRN 002908C
B Hariharan
Paftner
M No 207896
FRN OOO1115
for,APAS&Co
for, Jann & Jain

tants
Ajay B Jain
Paftner
M No 111980
FRN 000340C
Place: Mumbai
Date: 30.07.2015
sLr
A!.,.t:'j
Partner
M No LtO372
FRN 1O3B69W

Updates On Financial Results For June 30, 2015 (Result)

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+il&F

sin ($),gT{ - 400051.

Fax: 2654 5317

E-mail : irc@denabank.m.in / investorgriovance@denabank.m.in

Ref . No. HO/l RC/377 1201 5

30th July, 2015

Vice President- Listing

June. 2015 and Limited Review Report.

fOn rXe eUlnten eruoeo gOttr.tUttE ZO,tE

al lnterest / discount on aOvEnEesT Oitts

Total income [1+21

Excluding provisions and continoenciesl

proflt/(Loss) from ordinary activiEEs-beroid

NeE proftt [+]/Loss t-l from Ordinarv

activities after tax [10 -11]

capital Adequacy natio

Basric & diluted

dilutect rpS attEitxtraorOjiEE

Return on Assets lRnnualised]

Non Pr,Jmoters Share Holding

Capital Adequacy F(atio %o - [Basel-llll

10/ - per share)

-Percentage of shares [as a percentage of

-Percentage of shares [as a percentage of

- Percentage of shares [as a percentage of

SEGMENT WISE RESIJLTS

any secondary [geographicalJ segment.

l-he above tfinancial results were reviewed by the Audit committee

The Financiill results have been prepared following generally

Provision for Investments on the basis of prudential norms

Contingenci()s have been considered on estimated basis

Provision Co,verage Ratio is 53.24o/o as on 30th June 2015.

5' In accordanr:e with RBI circular

DBoD No. Bp.Bc.2/2L.6.2oL/20L3-L4 dated July 07,2073,

A provision of t 3,648.09 lakhs has been made during the quarter

as on 30th June 2015 is < 23,233.09 lakhs.

out of total T'ax Expenses;, income tax provision amounting to { 5,504

13' Pursuant to llBI circular No. DBR.No.BP.B:.27/21.04.}48/2OL5-16 dated

restructured etdvances on the Net Present Value and has recomputed

Position of .tnvestors compraints for the quarter-ended 30th

corresponding figures of earlier periocls have been

APAS & Co.

: 30th July 2015

Jain & Jain

Anand & Ponnappan

Jain & Jain

APAS & Co.

Limited Review Reoort

The Board of Directors

We conducted our review in accordance with the Standard on Review Engagements

for, Anand & Ponnappan

for, Jann & Jain

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