State-owned Allahabad Bank today reported a 25 per cent year-on-year jump in net profit to Rs 158 crore for the quarter ended March 31, 2014, riding on rise in interest income.
The bank had posted a profit of Rs 126 crore in the corresponding period of last year.
The bank earned interest income of Rs 4,811 crore for the quarter as against Rs 4,252 crore in the same period of 2012-13, the bank said.
Total income increased from Rs 4,777 crore for the quarter to Rs 5,237 crore for the comparable quarter ended March 2014.
It reported net NPA of 4.15 per cent during the quarter up from 3.19 per cent in the corresponding period last year.
There was, however, marginal decline in NPA compared to the December quarter of 4.19 per cent.
Net Interest Margin (NIM) stood at 2.67 per cent for the March 2014 quarter, lower from average of the year of 2.75 per cent.
The bank reported a net profit of 1,172 crore for the full financial year 2013-14.
