Allahabad Bank Q4 net zooms 90%

Allahabad Bank's Q4 net profit for the quarter ended March 2006 has zoomed to Rs 150.50 crore when compared to Rs 79.32 crore in the corresponding quarter a year ago.

According to a release issued by the bank to the BSE, the bank's Q4 total income increased 25% to Rs 1,210.25 crore from Rs 969.14 crore a year ago.

The bank's FY06 net profit rose 30% to Rs 706.13 crore from Rs 541.80 crore in FY05. The total income grew 14.3% to Rs 4,373.93 crore from Rs 3,825.48 crore.