It is a broadly described annual report of Allahabad Bank in the year of 2012. During the financial year, The Bank’s total business mix by 20.04% to reach the level of Rs. 2,71,843 Crore as on 31st March 2012 from Rs. 2,26,458 Crore as on 31st March 2011. Operating Profit surged to Rs. 3770 Crore as against Rs. 3055 Crore last year showing a YOY growth of 23.42%. Net Profit rose to Rs. 1867 Crore during the Financial Year ending 31st March 2012 as against Rs. 1423 Crore last year showing a YOY Growth of 31.18 %. The paid-up capital of the Bank increased from Rs. 476.22 Crore to Rs. 500.03 Crore as on 31st March 2012. The reserves & surplus went up to Rs. 10006.59 Crore as at end of this year from Rs. 8031.17 Crore as on 31st March 2011.
The Board of Directors of the Bank has recommended a dividend @ 60 % i.e. Rs. 6/- per equity share of Rs. 10/- each.
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