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Allahabad Bank labels Orchid A/c as NPA, eyes recovery soon

State-owned Allahabad Bank on Tuesday (May 7 2013) announced its fourth quarter earnings. It posted a 68.5 percent decline in net profit at Rs 126.15 crore on account of rise in bad loans. However company‘s non-performing assets (NPAs) have increased by about Rs 1,600 crore.

first published: May 7, 2013 05:20 pm

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