Allahabad Bank reports 25% growth in Q2 net profit

Allahabad Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532480 | NSE: ALBK

09 Nov 2015 Evaluate

Allahabad Bank has reported results for second quarter ended September 30, 2015.

The bank has reported 25.21% rise in its net profit at Rs 177.1 crore for the quarter ended September 30, 2015 as compared to Rs 141.44 crore for the same quarter in the previous year. However, the bank’s total income has decreased by 1.84% to Rs 5317.06 crore for the quarter under review from Rs 5416.63 crore for the corresponding quarter of the previous year.

Gross non-performing assets (NPAs) of the bank have improved to 5.26% for the quarter as against 5.36% in the same quarter previous year. Besides, bank’s Net NPA stood at 3.61% in Q2FY16.

Peers

Company Name	CMP
State Bank Of India	978.50
PNB	117.05
Bank Of Baroda	234.55
Canara Bank	125.90
Union Bank Of India	179.25
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