Allahabad Bank reports 19.63% fall in Q1 net profit

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

29 Jul 2013 Evaluate

Allahabad Bank has reported results for first quarter ended June 30, 2013.

On standalone basis, the Bank has posted a fall of 19.63% in its net profit at Rs 413.09 crore for the quarter ended June 30, 2013 as compared to Rs 514.03 crore for the same quarter in the previous year. However, total income of the Bank has increased by 6.23% to Rs 5064.95 crore for quarter under review as compared to Rs 4767.71 crore for the quarter ended June 30, 2012.

Gross non-performing assets (NPAs) rose to 4.78% in the April-June quarter as against 1.96% in the same quarter previous year while net NPAs increased to 3.87%.

Peers

Company Name	CMP
State Bank Of India	977.85
PNB	117.35
Bank Of Baroda	234.20
Canara Bank	125.65
Union Bank Of India	178.95
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