Allahabad Bank profit up 25%

However, total income decreased to Rs 5,317 crore

Bank on Monday reported 25.2 per cent rise in net profit at Rs 177.10 crore during the second quarter ended September 30. The bank had a net profit of Rs 141.44 crore in the July-September quarter of 2014-15. However, the total income decreased to Rs 5,317.06 crore during the quarter under review from Rs 5,416.63 crore in the year-ago period, it said in a filing to the BSE.

On asset quality, the gross non-performing assets (NPAs) were trimmed to 5.26 per cent of gross advances as against 5.36 per cent in the July-September period of FY15.

Net NPAs, however, grew to 3.61 per cent from 3.54 per cent of net advances in the year-ago period.

Allahabad Bank scrips shot up 5.04 per cent at Rs 78.2 a piece on the BSE.