Allahabad Bank returns to profit as provisions fall

Public sector lender Allahabad Bank on Wednesday reported a net profit of Rs 128 crore for the first quarter ended June 30, against a net loss of Rs 1,944.37 crore in the same period a year ago, on the back of over 50% decline in provisioning for bad loans.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Zy11Tm