Annual Report 2010 of Allahabad Bank

It is a broadly described annual report of Allahabad Bank in the year of 2010. During the financial year, The Bank’s Total Income Rs. 98,851,025 Crores. Total assets Rs. 1,216,992,130 Crores. The paid-up capital of the Bank remained at Rs. 446.70 Crores as on 31st March 2010. The reserves & surplus went up to Rs. 6306.25 Crores as at end of this year from Rs. 5405.25 Crores as on 31st March 2009. The Operating Profit of the Bank grew by 34.05% to Rs. 2548.55 Crores during 2009-10 from Rs. 1901.15 Crores during the preceding year. The net profit of the Bank grew by 56.95% to Rs. 1206.33 Crores during 2009-10 from Rs. 768.60 Crores during the preceding year.

The Board of Directors of the Bank has recommended a dividend @ 55% i.e. Rs. 5.50 per equity share of Rs. 10/- each.