{"id":1305,"date":"2019-11-10T01:10:36","date_gmt":"2019-11-10T01:10:36","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/11\/10\/allahabad-bank-loss-widens-as-bad-loan-provisions-soar\/"},"modified":"2019-11-10T01:10:36","modified_gmt":"2019-11-10T01:10:36","slug":"allahabad-bank-loss-widens-as-bad-loan-provisions-soar","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/11\/10\/allahabad-bank-loss-widens-as-bad-loan-provisions-soar\/","title":{"rendered":"Allahabad Bank loss widens as bad loan provisions soar"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1759251 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/11\/allahabad-bank-1.jpg\" alt=\"Allahabad Bank,\u00a0Allahabad Bank\u00a0loss,\u00a0Allahabad Bank\u00a0bad loan,\u00a0net interest income,\u00a0stock exchange filing\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/allahabad-bank-1.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/allahabad-bank-1-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/allahabad-bank-1-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/allahabad-bank-1-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1759251 size-full\" src=\"https:\/\/images.financialexpress.com\/2019\/11\/allahabad-bank-1.jpg\" alt=\"Allahabad Bank,\u00a0Allahabad Bank\u00a0loss,\u00a0Allahabad Bank\u00a0bad loan,\u00a0net interest income,\u00a0stock exchange filing\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/allahabad-bank-1.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/allahabad-bank-1-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/allahabad-bank-1-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/allahabad-bank-1-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">Non-interest income jumped 24.31% y-o-y to Rs 511.14 crore.<\/span><\/figure>\n<\/div>\n<p>State-run Allahabad Bank on Friday reported widening of its net loss to Rs 2,114.06 crore for the second quarter ended September 30, against a net loss of Rs 1,822.71 crore in the same period a year ago, because of an over 36% year-on-year rise in provisioning for bad loans.<\/p>\n<p>The lender had reported a net profit of Rs 128 crore for the first quarter of the current financial year. The operating profit rose 18.5% y-o-y to Rs 632.87 crore from Rs 533.97 crore a year ago, with net interest income (NII) growing 10.88% y-o-y to Rs 1,275.71 crore for the period under review, according to a stock exchange filing. Non-interest income jumped 24.31% y-o-y to Rs 511.14 crore.<\/p>\n<p>Total income registered a 4.8% y-o-y increase at Rs 4,622.90 crore, compared with Rs 4,410.72 crore for the year-ago period.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-3291026339\"><div id=\"jobbi-3779956257\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] Non-interest income jumped 24.31% y-o-y to Rs 511.14 crore. State-run Allahabad Bank on Friday reported widening of its net loss to Rs 2,114.06 crore for the second quarter ended September 30, against a net loss of Rs 1,822.71 crore in the same period a year ago, because of an over 36% year-on-year rise in [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1305"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1306"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}