Allahabad Bank turns black in Q1

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

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	980.30
PNB	117.60
Bank Of Baroda	234.55
Canara Bank	125.85
Union Bank Of India	179.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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