Allahabad Bank reports 18% rise in Q2 net profit

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

31 Oct 2013 Evaluate

Allahabad Bank has reported results for second quarter ended September 30, 2013.

The bank has reported a rise of 17.76% in its net profit at Rs 275.81 crore for the quarter ended September 30, 2013 as compared to Rs 234.20 crore for the same quarter in the previous year. Total income of the bank increased by 15.72% at Rs 5303.06 crore for quarter under review as compared to Rs 4582.64 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) increased to 4.94% in the July-September quarter as against 2.95% in the same quarter previous year, while net NPAs too increased to 3.83%.

Peers

Company Name	CMP
State Bank Of India	980.30
PNB	117.45
Bank Of Baroda	234.75
Canara Bank	125.45
Union Bank Of India	178.15
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