Allahabad Bank reports net loss of Rs 565 crore in Q1

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

13 Aug 2016 Evaluate

Allahabad Bank has reported results for first quarter ended June 30, 2016.

The bank has posted a net loss of Rs 564.96 crore for the quarter ended June 30, 2016 as compared to a net profit of Rs 146.86 crore for the same quarter in the previous year. Total income of the bank decreased by 5.07% to Rs 5122.91 crore for the quarter under review from Rs 5396.44 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal increased to 12.33%, as compared to 5.29% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 8.69% in Q1FY17.

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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