Allahabad Bank net jumps 55% to Rs 400 cr

Allahabad Bank has registered a 55 per cent growth in net profit at Rs 400 crore for the fourth quarter ended March 31, 2012, compared with Rs 258 crore during the same period last year.

Net interest income grew 12 per cent to Rs 1,288 crore (Rs 1,151 crore).

Percentage of net non-performing assets to advances went up marginally to 0.98 per cent (0.79 per cent) and that of gross NPAs to advances went up to 1.83 per cent (1.74 per cent).