Thursday, 1 August 2019

ALLAHABAD BANK records Total Business of Rs. 3,77,778 crores





v  Total Business of Allahabad Bank as on 30.06.2019 stood at Rs. 3,77,778 crore as against Rs. 3,65,137 crore as on 30.06.2018
v  Bank has made a Profit of Rs 128 crore in Q-1 of FY 2019-20.
v  Share of CASA in total deposit improved to 47.85 % in June 2019  as against 45.68% at the end of June 2018, one of the highest in the industry

v  Retail Credit grew by more than 13.07% YoY basis
v   Cost of Deposit improved to 5.07% in  Q-1 of FY 2019-20  from 5.12% in  Q-1 of FY 2018-19 
v  Provision Coverage Ratio (PCR) significantly improved to 78.58% at the end of June 2019 as against 67.81% at the end of June 2018   

v  Gross NPA (GNPA)  reduced to 17.43% as on June 2019 .

v  Net Interest Margin (NIM) improved to  2.85% as on June 2019 from 2.58% as on March 2019

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