Allahabad Bank reports net loss of Rs 1,823 crore in Q2

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

15 Nov 2018 Evaluate

Allahabad Bank has reported results for second quarter ended September 30, 2018.

The Bank has reported net loss of Rs 1,822.71 crore for the quarter under review, as against net profit of Rs 70.20 crore for the same quarter in the previous year. Total income of the Bank decreased by 12.97% at Rs 4,410.72 crore for Q2FY19 as compared Rs 5,067.78 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 17.53%, as compared to 14.10% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.96% in Q2FY19.

Peers

Company Name	CMP
State Bank Of India	985.60
PNB	117.70
Bank Of Baroda	234.55
Canara Bank	124.50
Union Bank Of India	178.05
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