Allahabad Bank net profit up 30.29 percent in Q1

Kolkata, July 29 (IANS) Allahabad Bank on Wednesday posted a 30.29 percent surge in its net profit at Rs.146.86 crores for the first quarter of this fiscal as against Rs.112.72 crore in the same period last fiscal.

The total business volume of the bank, in the review period, rose by 3.82 percent at Rs.334,548 crore against Rs. 322,231 crore during the year-ago period.

However, its total income during April-June 2015 declined to Rs.5,396.44 crore from Rs.5,518 crore registered during the same timeframe of the previous fiscal period.

During the three months under assessment, the bank’s deposits increased marginally to Rs.183,521 crore against Rs. 183,270 crore during the first quarter of the last fiscal.

Its gross credit, however improved by 8.6 percent at Rs.151,027 crore in comparison to Rs. 138,961 crore in the corresponding fiscal timeframe.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here