Allahabad Bank Q2 FY11 Results : Net rises 20.65%

by khalid on 23/10/2010 · 0 comments

Allahabad Bank Limited has posted a phenomenal increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, net profit rises 20.65% to Rs 402.5 crore in comparison to the Rs 333.6 crore of Q2 (ending Sep 09) of previous year(FY10). Allahabad Bank is one of the leading nationalized bank in India. Established on 1865 in Allahabad by a group of European. Currently it offers a whole range of financial services to thousands of customers across the nation through its 2260 branches, besides its Internet banking services. Allahabad Bank has its headquarter located in Kolkata.

The bank informed the share market(BSE) that the net income increased 60.65% to Rs 969.2 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 603.3 crore. At current value, the price-to-book value of the company was 1.83. The dividend yield of the company was 1.04%.

Share’s Data :-
BSE Code : 532480
Market Cap : Rs 11,234.51 Crores
Allahabad Bank Ltd. share’s CMP is Rs 251.50 on 22nd Oct 2010.

Source :- BelltheBull

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