Public sector lender Allahabad Bank today reported a 35% growth in net profit to
Rs. 560.43 crore for the October-December quarter of the current fiscal.
The bank had posted a net profit of
Rs. 415.80 crore for the corresponding period a year ago.
Total income of the bank rose
to
Rs. 4,260.28 crore during the third quarter of the fiscal from
Rs. 3,113.09 crore in the year-ago period, Allahabad Bank said in a filing to the BSE.
Interest income of the bank rose to Rs. 3,911.87 crore during the quarter, up from Rs. 2,855.45 crore in the year-ago period.
Shares of Allahabad Bank were being quoted at Rs. 162.30 apiece in afternoon trade on the BSE, up 3.38% from their previous close.