It is a broadly described annual report of Allahabad Bank in the year of 2014. During the financial year, Total Business of the Bank increased to Rs. 3,31,748 Crore as against Rs. 3,09,678 Crore in previous year showing a YOY growth of 7.13 %. Operating Profit surged to Rs. 4020 Crore as against Rs. 3385 Crore last year showing a YOY growth of 18.76%. Net Profit came down to Rs. 1172 Crore during the Financial Year ending 31st March 2014 as against Rs. 1185 Crore last year showing a negative YOY Growth of 1.11 %. The paid-up equity capital of the Bank increased from Rs. 500.03 Crore as on 31st March 2013 to Rs. 544.61 Crore as on 31st March 2014. The reserves & surplus went up to Rs. 11256.12 Crore as on 31st March 2014 from Rs. 10852.49 Crore as on 31st March 2013.
The Board of Directors of the Bank in its meeting dated 11th January 2014 declared an interim dividend of Rs. 2.50 per equity share i.e. @ 25% of the paid-up equity capital of the Bank. Further, the Board of Directors of the Bank has not recommended any final dividend for the financial year 2013- 14.
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