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Allahabad Bank turns black in Q1

12 Aug 2017 Evaluate

Allahabad Bank has reported results for first quarter ended June 30, 2017.

The Bank has reported a net profit of Rs 28.84 crore for the quarter under review as compared to a net loss of Rs 564.96 crore for the same quarter in the previous year. However, total income of the Bank decreased by 3.01% at Rs 4968.57 crore for Q1FY18 as compared Rs 5122.91 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 13.85%, as compared to 12.33% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.96% in Q1FY18.

Peers
Company Name CMP
State Bank Of India 1018.00
PNB 126.30
Bank Of Baroda 250.00
Canara Bank 122.80
Union Bank Of India 186.75
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