State-run Allahabad Bank today said its net profit declined by 14.98 per cent to Rs 224.50 crore for the fourth quarter ended March 31, over the same period previous fiscal.
Total income of the bank rose to Rs 2,608.60 crore for the fourth quarter ended March 31, compared to Rs 2,373.37 crore during the same period corresponding fiscal, Allahabad Bank said in a filing to the Bombay Stock Exchange(BSE).
The bank has recommended a dividend of 55 per cent or Rs 5.50 per share for the year ended March 2010.
For the year ended March 2010, the bank has posted a net profit of Rs 1,206.32 crore, compared to Rs 768.59 crore in the last fiscal.
The bank reported a total income of Rs 9,885.10 crore for the year ended March 2010, compared to Rs 8606.65 crore in the previous fiscal.
The public sector lender earned an interest of Rs 2,206.56 crore for the quarter ended March 31, compared to Rs 1,915.10 crore in the same period corresponding fiscal.
For the year ended March 2010, the bank earned an interest of Rs 8,369.20 crore, compared to Rs 7,364.72 crore in the last fiscal.
Shares of Allahabad Bank were trading at Rs 166.05 on the BSE, down 3.09 per cent from its previous close.