Allahabad Bank net down 53 percent this quarter

By IANS,

Mumbai : Allahabad Bank has announced a net profit of $23.34 million (Rs.933.6 million) during the first quarter this fiscal, compared to $50.09 million (Rs.2 billion) for the corresponding period previous year, a fall of about 53 percent.

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For the latest quarter ending June 30, the total income increased to $462.4 million (Rs.18.49 billion) from $383.77 million (Rs.15.35 billion) in the corresponding quarter last year.