Allahabad Bank has reported results for first quarter ended June 30, 2019.
The Bank has reported a net profit at Rs 128.00 crore for the quarter under review as compared to net loss of Rs 1,944.37 crore for the same quarter in the previous year. However, total income of the Bank decreased marginally by 0.97% at Rs 4,747.49 crore for Q1FY20 as compared Rs 4,794.04 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 17.43%, as compared to 15.97% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 5.71% in Q1FY20.
