Allahabad Bank Q1 net 20% to Rs 418 cr

Allahabad Bank today has posted a net profit of Rs 418.13 crore for the quarter ended June 30, 2011, up 20.44% as compared to Rs 347.14 crore for the corresponding quarter a year ago.

Total income has increased 41.97% to Rs 3,835.77 crore for the quarter ended June 30, 2011 from Rs 2,701.68 crore for the quarter ended June 30, 2010.

The shares of the bank were trading up by 3.38% at Rs 219.5 per share on the Bombay Stock Exchange.