Allahabad Bank's net profit increases by 14.74%

Allahabad Bank's net profit increased to Rs.258 crore for the quarter ended March 2011 as against Rs.225 crore in the corresponding quarter last year. This represents a year-on-year growth of 14.74 per cent.

'Operating profit as at March 2011 quarter-end stood at Rs.780 crore as against Rs.658 crore last year showing a Year-on-Year growth of 18.56 per cent,' sadi Bank Chairman and Managing Director J.P. Dua.

 'The net interest income during the fourth quarter last fiscal stood at Rs.1,151 crore as against Rs.743 crore last year showing a YoY growth of 55.04 per cent. Non-interest income during the quarter stood at Rs.300 crore as against Rs.213 crore in the corresponding period last year,' he added.