Allahabad Bank net up 55%

KOLKATA: State-run Allahabad Bank has reported a 55% rise in net profit for the quarter to March 31, 2012, backed by strong interest earnings while Uco Bank and United Bank of India have posted modest rise in earnings.

Meanwhile, Uco’s fourth quarter net profit net profit rose 12% at Rs 253 crore (Rs 226 crore) and UBI has reported a slim 4.2% rise in fourth quarter net profit at Rs 149 crore while its operating profit was up 12.4% at Rs 478 crore.