Allahabad Bank reports Rs 1986 crore net loss in December quarter

Comparering with Rs 733 crore net loss in the year ago period, owing to higher provisioning against bad loans as the lender were on trip to cleanse the balance sheet before its merger with Indian Bank. Its net loss for the September quarter was Rs 2114 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/38iXih7