Allahabad Bank : The oldest public sector bank of India announced its third quarter numbers of FY09 . During the quarter, the profit of the company rose 1.21% to Rs 3,694.69 million or 369 crores from Rs 3,650.51 million in the same quarter, previous year.

Interest earned for the quarter rose 19.86% to Rs 18,980.45 million or 1898 crores, while total income for the quarter rose 17.89% to Rs 23,064.49 million or 2306 crores , when compared with the prior year period.

Its net interest income went up at Rs 604 crore versus Rs 445.28 crore on YoY basis. Net non-performing assets increased to 0.82% from 0.67%.

Its other income went up by 9.5% at Rs 408.4 crore versus Rs 372.92 crore. Its NIMs were at 2.85% versus 2.4% on YoY basis.

 

The company posted earnings of Rs 8.27 a share during the quarter, registering a rise of 1.22% over prior year period.

 

If you enjoyed this post, make sure you subscribe to my regular Email Updates!

Related Posts : 19-01-2009, Allahabad Bank, India Earnings, Indian Market, Q3 / FY 08-09