Allahabad Bank has reported results for its first quarter ended June 30, 2011.
The bank’s net profit for the quarter has rose by 20.45% at Rs 418.13 crore as compared to Rs 347.14 crore for the same quarter last year. Its total income has surged by 41.98% to Rs 3835.77 crore for the quarter under review from Rs 2701.68 crore for the corresponding quarter of the previous year.
Allahabad Bank is oldest nationalized Bank with rich experience in extending various banking solutions to its valued clients since 1865. Currently, the bank serves customers across 110 cities with network 6 zonal offices, 2227 branches (including one in Hong Kong) and 221 ATMs.
