Allahabad Bank Q3 net dips near 45 per cent. Kolkata headquartered Allahabad Bank reported a near 45 per cent dip in net profit to Rs 311 crore for the quarter ending December. Its net profit stood at Rs 560 crore for the corresponding quarter last fiscal.
The net non-performing assets (NPA) or bad loans increased to 2.06 per cent (0.79 per cent).
During the quarter, total income stood at Rs 4,735 crore (Rs 3,912 crore).