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Sunday, 4 May 2008

ALLAHABAD BANK

Allahabad Bank net profit for the quarter ended March 2008 stood at Rs 169.51 crore against Rs 125.74 crore in the fourth quarter of 2006-07, a growth of 34.81%. Income from non-fund/non interest business increased to Rs 142.50 crore during the quarter ended March, 2008 as against Rs 132.56 during the corresponding quarter last year, showing a growth of 7.50%. Operating profit for the quarter ended March 2008 was Rs 369.97 crore as against Rs 323.21 crore during March 2007 quarter, showing a growth of 14.47%. Interest income grew by 23.38% during the March 08 quarter to Rs 1,720 crore from Rs 1,394.10 crore during the corresponding quarter last year.


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