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Allahabad Bank net loss widens to Rs 3834.07 crores
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Allahabad Bank net loss widens to Rs 3834.07 crores

Agency News

Mumbai, May 10: Public sector lender ,Allahabad Bank has posted net loss of Rs 3834.07 crores for the quarter ended March 31, 2019 as against Rs 3509.63 crores for the quarter ended March 31, 2018.

Total income for the quarter under review grew by 8.06 percent to Rs 4602.86 crores as compared to Rs.4259.37 crores for the quarter ended March 31, 2018.

For the financial year ended March 31, 2019 bank reported a net loss of Rs 8457.38 crores as against net loss of Rs 4574.22 crores for the 12 months period ended March 31, 2018.

Total income for the year ended March fell by 3.5 percent to Rs 18,806.38 crores as compared to Rs 19,487.51 crores for the year ended March 31, 2018. (UNI)