It is a broadly described annual report of Allahabad Bank in the year of 2017. During the financial year, The Bank’s total business increased to Rs. 3,59,974 Crore as on 31st March 2017 as against Rs. 3,58,352 Crore in the previous year, registering a Y-o-Y growth of 0.45%. The Bank’s Operating profit stood at Rs. 3867 Crore during FY17. Spread or net interest income stood at Rs. 5287 Crore during FY17. Net loss decreased to Rs. 314 Crore in FY17 as compared to a net loss of Rs. 743 Crore a year ago.
The Board of Directors of the Bank has not recommended any dividend for Financial Year 2016-17.
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