Allahabad Bank has reported results for second quarter ended September 30, 2018.
The Bank has reported net loss of Rs 1,822.71 crore for the quarter under review, as against net profit of Rs 70.20 crore for the same quarter in the previous year. Total income of the Bank decreased by 12.97% at Rs 4,410.72 crore for Q2FY19 as compared Rs 5,067.78 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 17.53%, as compared to 14.10% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.96% in Q2FY19.