Allahabad Bank Q3 net up 35% at Rs 560 cr

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.

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.

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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.