It is a broadly described annual report of Allahabad Bank in the year of 2015. During the financial year, The Total business of the Bank reached a level of Rs. 346,519 Crore as on 31st March 2015 from Rs. 331,748 Crore as on 31st March 2014; showing a YoY growth of 4.45%. Operating profit increased to Rs. 4460 Crore for the financial year 2014-15 as against Rs. 4020 Crore during the previous year, showing a YoY growth of 10.93%. Net profit of the Bank came down to Rs. 620.90 Crore during FY15 as against Rs. 1172.02 Crore last year, showing a negative growth of 47.02%. The paid-up capital of the Bank increased from Rs. 544.61 Crore as on 31st March 2014 to Rs. 571.38 Crore as on 31st March 2015. The reserves and surplus went up to Rs. 12071.40 Crore as on 31st March 2015 from Rs. 11256.12 Crore as on 31st March 2014.
The Board of Directors of the Bank has recommended a dividend of Rs. 1.63 per share i.e. @16.30% of paid-up capital of Bank for the financial year 2014-15.
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