Allahabad Bank reports net loss of Rs 1,263.79 crore in Q3

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

14 Feb 2018 Evaluate

Allahabad Bank has reported results for third quarter ended December 31, 2017.

The Bank has reported net loss of Rs 1,263.79 crore for the quarter under review as compared to net profit of Rs 75.26 crore for the same quarter in the previous year. Total income of the Bank decreased by 5.37% at Rs 4755.33 crore for Q3FY18 as compared Rs 5025.13 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 14.38%, as compared to 12.51% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.97% in Q3FY18.

Peers

Company Name	CMP
State Bank Of India	977.00
PNB	117.35
Bank Of Baroda	234.35
Canara Bank	125.35
Union Bank Of India	178.50
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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
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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