Allahabad Bank net up 15 per cent

Chairman & Managing Director J P Dua said “the net profit was higher due to growth in core business and fee-based income of the  bank.” he said.

In first quarter, bank’s fee-based income rose 16 per cent to Rs 170 crore from Rs 146 crore in the same period last year. Its income from treasury operations was Rs 90 crore.