Allahabad Bank Q1 net up 18%

Allahabad Bank today reported a 18% increase in net profit at Rs 162.98 crore for the first quarter ended June 30, 2005 as against Rs 137.65 crore in Q1FY05.

According to a release issued by the bank to the BSE today, total income increased to Rs 1,004.15 crore in Q1FY06 from Rs 987.03 crore in Q1FY05.