Allahabad Bank has reported results for third quarter ended December 31, 2016.
The Bank has reported net profit of Rs 75.26 crore for the quarter ended December 31, 2016 as compared to net loss of Rs 486.14 crore for the same quarter in the previous year. However, total income of the Bank decreased marginally by 0.10% at Rs 5025.13 crore for the quarter under review as compared Rs 5030.19 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 12.51%, as compared to 6.40% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.65% in Q3FY17.