Allahabad Bank Q3 Results
Allahabad Bank posts Q3 loss of Rs 1986 cr over higher agri provisions
The bank was asked by RBI to revisit restructured agriculture accounts, which led to higher recognition of NPA in the sector
 "Allahabad Bank posts Q3 loss of Rs 1986 cr over higher agri provisions")
Allahabad Bank reports net loss of Rs 12.64 bn in Q3 as bad loans rise
Public sector lender Allahabad Bank posted a net loss of Rs. 12.64 billion for the quarter ended December 31, 2017 as compared to a net profit of Rs. 0.75 billion in the corresponding quarter of the previous fiscal year on account of higher provisions.It's net interest income, which is the difference between interest earned and interest expended, grew by 13.83 percent to Rs 13.47 billion during the quarter under review, as compared to Rs. 11.83 billion in same quarter last year. Other income, however, was down by 29.92 per cent at Rs. 5.12 billion as compared to Rs. 7.30 billion in the year-ago period.Provision for taxes and other contingencies rose by 169.32 per cent to Rs. 24.13 billion in the third quarter of the current fiscal year from the earlier Rs. 8.96 billion provision in the year-ago period.The bank also received a tax write-back of Rs. 2.28 billion during the Q3 period. In the year-ago quarter, it had a tax write-back of Rs. 1.08 billion.In terms of percentage of total ...
 "Allahabad Bank reports net loss of Rs 12.64 bn in Q3 as bad loans rise")
