Allahabad Bank reports 5% rise in Q3 net profit

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

27 Jan 2014 Evaluate

Allahabad Bank has reported results for third quarter ended December 31, 2013.

The bank has reported 4.67% rise in its net profit at Rs 325.36 crore for the quarter as compared to Rs 310.83 crore for the same quarter in the previous year. Total income of the bank has increased by 10.89% at Rs 5306.74 crore for quarter under review as compared to Rs 4785.34 crore for the quarter ended December 31, 2012.

The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 5.47%, as compared to 2.91% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 4.19% as compared to 2.06% in the same quarter of the previous year.

Peers

Company Name	CMP
State Bank Of India	978.10
PNB	117.50
Bank Of Baroda	234.20
Canara Bank	125.80
Union Bank Of India	179.15
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