Retail banking buoys Allahabad Bank, Q4 net distinction adult 29%

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New Delhi: State-owned Allahabad Bank’s net distinction for a entertain finished Mar 2015 rose 28.5 percent to Rs 202.63 crore, from Rs 157.75 crore a year ago, on aloft income from sell banking and other sources.

The Allahabad Bank logo. Image pleasantness Allahabad Bank website The Allahabad Bank logo. Image pleasantness Allahabad Bank website

The Allahabad Bank logo. Image pleasantness Allahabad Bank website

“Total income has increasing to Rs 5,390.71 crore for a entertain finished Mar 31, 2015, from Rs 5,237.68 crore for a entertain finished Mar 31, 2014,” a bank pronounced in a filing to BSE.

During a pronounced quarter, a bank warranted income of Rs 1,460.29 crore from sell banking operations, adult from Rs 1,338.56 crore a year ago.

Income from other sources rose to Rs 565.86 crore in a duration underneath review, from Rs 426.16 crore a year
earlier.

The item peculiarity of a bank softened during a entertain as sum non-performing resources (NPAs) as commission of sum advances came down to 5.46 percent from 5.73 percent a year ago.

Net NPAs or bad loans during 3.99 percent of net advances also shrank in a Mar entertain as opposite 4.15 percent final fiscal.

For a full mercantile 2014-15, a bank’s net distinction stood during Rs 620.9 crore compared with Rs 1,172.02 crore in a prior fiscal.

Total income increasing to Rs 21,712.13 crore for a year to March-end, from Rs 20,912.43 crore for a year finished 31 Mar 2014.

PTI

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