Allahabad Bank has reported results for second quarter ended September 30, 2012.
The bank has reported a fall of 52.01% in its net profit at Rs 234.20 crore for the quarter as compared to Rs 488.02 crore for the same quarter in the previous year. However, total income of the bank has increased by 9.04% to Rs 4,582.64 crore for quarter under review as compared to Rs 4,202.64 crore for the quarter ended September 30, 2011.
Gross non-performing assets (NPAs) of the bank has increased to 2.95% for the quarter as against 1.77% in the previous quarter. Net non-performing assets (NPAs) of the bank were at 2.10%, higher than 0.69% in the previous quarter.
