Allahabad Bank, the public sector lender, today reported a rise of 30.29% in net profit to Rs 1.46 billion for the quarter ended Jun. 30, 2015 as compared to Rs 1.12 billion in the same period last year.
Total income decreased by 2.20% to Rs 53.96 billion for the quarter ended Jun. 30, 2015 as compared to Rs 55.18 billion in the same period last year.
The bank has made provision of Rs 12.42 billion, which was higher by 1.89% from prior year period to Rs 12.19 billion.
Net NPA was at Rs 54.20 billion for the quarter ended Jun. 30, 2015, as compared to Rs 52.71 billion in the same period last year, representing a rise of 2.83%.
In percentage term, net NPAs were at 3.67% at the end of the quarter, lower than 3.88% from last year period.
Capital adequacy ratio (CAR) of the bank under Basel III was at 10.22% as on Jun. 30, 2015.
