Allahabad Bank reports net loss of Rs 1,944.37 crore in Q1

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

14 Aug 2018 Evaluate

Allahabad Bank has reported results for first quarter ended June 30, 2018.

The Bank has reported a net loss of Rs 1,944.37 crore for the quarter under review as compared to net profit of Rs 28.84 crore for the same quarter in the previous year. Total income of the Bank decreased by 3.51% at Rs 4,794.04 crore for Q1FY19 as compared Rs 4,968.57 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 15.97%, as compared to 13.85% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.32% in Q1FY19.

Peers

Company Name	CMP
State Bank Of India	981.20
PNB	117.50
Bank Of Baroda	235.30
Canara Bank	125.20
Union Bank Of India	178.85
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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
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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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