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Allahabad Bank aims to return in black in Q1

06 Jun 2019 Evaluate

Allahabad Bank is aiming to return in the black in coming quarter on the back of tight recovery mechanism and arrest of fresh slippages. The Bank has dedicated verticals in place to ensure recovery of around Rs 2,000 crore per quarter. The bank also expects break even during Q1FY20 and thereafter to post net profits consistently.

Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.


Peers
Company Name CMP
State Bank Of India 984.40
PNB 117.80
Bank Of Baroda 235.70
Canara Bank 124.90
Union Bank Of India 178.35
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