Allahabad Bank reports 23% surge in Q1 net profit

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

30 Jul 2012 Evaluate

Allahabad Bank has reported results for first quarter ended June 30, 2012.

The bank has registered a rise of 22.94% in its net profit at Rs 514.03 crore for the quarter under review as compared to Rs 418.13 crore for the same quarter in the previous year. Total income of the bank has increased by 24.30% at Rs 4767.71 crore for Q1FY13 as compared Rs 3835.77 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) rose to 1.96% in the April-June quarter as against 1.62% in the same quarter previous year while net NPAs increased to 1.09%.

Peers

Company Name	CMP
State Bank Of India	987.10
PNB	117.90
Bank Of Baroda	234.90
Canara Bank	124.75
Union Bank Of India	177.95
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