Allahabad Bank reports net loss of Rs 486.14 crore in Q3

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

10 Feb 2016 Evaluate

Allahabad Bank has reported results for third quarter ended December 31, 2015.

The bank has reported a net loss of Rs 486.14 crore for the quarter ended December 31, 2015 as compared to net profit of Rs 164.11 crore for the same quarter in the previous year. The bank’s total income has decreased by 6.62% to Rs 5030.19 crore for the quarter under review from Rs 5386.79 crore for the corresponding quarter of the previous year.

Gross non-performing assets (NPAs) increased to 6.40% in the October- December quarter as against 5.46% in the same quarter previous year, while net NPAs stood at 4.23%

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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