Allahabad Bank Punjab IFSC code, MICR code, Address
Allahabad Bank branch details in Punjab
Last Updated 20th Mar 2017
Allahabad Bank has 139 branches in Punjab spread over 22 districts of Amritsar, Barnala, Bhatinda, Faridkot, Fatehgarh Saheb, Fazilka, Firozpur, Gurdaspur, Hosiarpur, Jalandhar, Kapurthala, Ludhiana, Mansa, Moga, Mohali SAS Nagar, Muktsar, Nawanshahr, Pathankot, Patiala, Rupnagar, Sangrur, Tarn Taran.
Ludhiana district, with 28 branches has the largest number of Allahabad Bank branches in Punjab followed by Amritsar district with 16 branches and Gurdaspur district with 9.
District wise distribution of Allahabad Bank branches in Punjab is as below. To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the district where the branch is located.
As per the latest results, Allahabad Bank has turned out to be the biggest gainer with addition of around Rs 1802 crore from its revalued commercial and residential real estate investments. The bank owns several expansive properties in the central business districts of Kolkata. UCO Bank credited nearly Rs 1,737 crore as gains from revaluation of real estate investments. In the case of United Bank of India, the revaluation gain was vetted at Rs 347 crore at the end of FY16.
As per the results of Q4FY16, Allahabad Bank reported a net loss of Rs.581.13 Crore as the bank had to provide for higher provisions for bad loans and taxes. The loss was registered due to a tax write-back of Rs.1,032.77 crore in the March quarter, compared with a tax expense of Rs.175.05 crore in the year ago period. Asset Quality showed signs of deterioration during the March quarter as Gross NPAs were 9.76 percent as on quarter ending 31st March 2016 as compared with 6.4 percent in the previous quarter. Net NPAs were at 6.76 percent in the March quarter against 4.23 percent in the previous quarter and 3.99 percent in the same quarter last year. Provisions and contingencies also increased by 294 percent to Rs.2,487.15 crore when compared on yoy basis.The Net interest income (NII) declined by 12.5 percent to Rs.1,273.70 Crore when compared on a yoy basis. Non Interest Income also reduced by 2 percent to Rs.554.73 Crore.
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