Allahabad Bank Q2 PAT up 21% at Rs 488 cr

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Allahabad Bank Q2 PAT up 21% at Rs 488 cr

Allahabad Bank has announced the results for the quarter ended September 30, 2011. The Bank has posted a net profit of Rs 488 crore for the quarter ended September 30, 2011 as compared to Rs 402.6 crore for the quarter ended September 30, 2010.

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Allahabad Bank has announced the results for the quarter ended September 30, 2011. The Bank has posted a net profit of Rs 488 crore for the quarter ended September 30, 2011 as compared to Rs 402.6 crore for the quarter ended September 30, 2010.

Total Income has increased from Rs 2981.66 crore for the quarter ended September 30, 2010 to Rs 4202.54 crore for the quarter ended September 30, 2011.

Allahabad Bank says, 

The banks retail credit growth stands at 20.43%. Gross NPAs remain at 1.77%.

Its provision coverage ratio at 79%.

Its CAR at 12.99%.

The bank recovered Rs 443 crore in H1FY12.