Kolkata-based Allahabad Bank has reported an over 28 per cent increase in net profit to Rs 203 crore for the quarter ended March 31, 2015. Net profit in the corresponding period last fiscal stood at Rs 158 crore.
Total income for the period under review rose marginally by 3 per cent to Rs 5,391 crore (as against Rs 5,238 crore in the year-ago period).
For the full year (FY-15), the PSU lender’s profit almost halved to Rs 621 crore (a 47 per cent decline) from the Rs 1,172 crore it reported in FY-14.
Total income for the full-year of operations stood at Rs 21,712 crore.
The bank has declared a dividend of Rs 1.63 per share or 16.30 per cent on each equity share having a face value of Rs 10.
On a consolidated basis, net profit dipped by approximately 45 per cent to Rs 649 crore for FY-15 from the Rs 1,188 crore it reported in the year-ago period (Fy-14).
Total consolidated income for the period stood at Rs 21,892 crore.