Allahabad Bank has reported results for its third quarter ended December 31, 2011.
The bank has reported a rise of 34.78% in its net profit of Rs 560.43 crore for the quarter ended December 31, 2011 as compared to Rs 415.80 crore for the same quarter in the previous year. Total income has increased by 36.85% from Rs 3113.09 crore for Q3FY11 to Rs 4260.28 crore in the quarter under review.
The banks’ gross NPA stood at 1.86% for the quarter ended December 31, 2011 as compared to 1.77% in the quarter ended December 31, 2010. Its net NPA also rose at 0.79% in Q3FY12 as compared to 0.59% in Q3FY11. Further, the bank’s Return on Assets (ROA) has surged to 1.39% for the quarter from 1.28% in the similar quarter of the last year.
