Allahabad Bank Q2 net up 25% at Rs 177 cr

Allahabad Bank today 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 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 2014-15.
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 per piece on BSE.