Q4 losses for Allahabad Bank – Banking Finance

Allahabad Bank explained thi in full expenditure of Rs 3,509.63 crore for the nyakumi|the|every fourth quarter ended March 31 ,|and|or is|or is 2018 ,|and|or is|or is compared to|to thi in full profit of Rs.111crore in the|the|every same period last year.

Provisions(other than tax) ,|and|or is|or currently contingencies rose quickly three-fold stay|stay at|at Rs.4,783 crore against Rs.1430crore out the|the|every same quarter last year. Of this ,|and|or is|or currently provisions for non-performing assets (NPA) increased to|to Rs.5126 crore. During the|the|every financial year 2017-18 ,|and|or is|or currently 43 frauds were deported by the|the|every bank ,|and|or is|or still involving a to|to tal amount of 1525 crore.

The scowl NPAs of the|the|every bank as thi percentage of to|to tal advances stood stay|stay at|at 15.96% out the|the|every last quarter against 13.09% in the|the|every same period last year. The in full NPAs fell to|to 8.04%(8.92%).

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