Allahabad Bank has reported results for first quarter ended June 30, 2017.
The Bank has reported a net profit of Rs 28.84 crore for the quarter under review as compared to a net loss of Rs 564.96 crore for the same quarter in the previous year. However, total income of the Bank decreased by 3.01% at Rs 4968.57 crore for Q1FY18 as compared Rs 5122.91 crore for the corresponding quarter previous year.
The Bank's gross NPA for the April-June quarter of the current fiscal increased to 13.85%, as compared to 12.33% in the same quarter of the previous year. Besides, Bank's Net NPA stood at 8.96% in Q1FY18.