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Thursday, August 1, 2019

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


vTotal 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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