Thursday, 2 January 2014

Allahabad Bank plans 500 e-Lobbies and 200 cash deposit kiosks: Report

Allahabad Bank, the public sector lender, has reported that it will inaugurate 500 e-Lobbies and 200 cash deposit kiosks over a two-year period. The e-lobbies will have self-service passbook printers, separate cash and cheque deposit kiosks and Net-banking facilities. The first such e-lobby was inaugurated by the bank at Kolkata city branch.

Allahabad Bank reported a rise of 17.76% in its net profit at Rs 275.81 crore for the quarter ended September 30, 2013 as compared to Rs 234.20 crore for the same quarter in the previous year. Total income of the bank increased by 15.72% at Rs 5303.06 crore for quarter under review as compared to Rs 4582.64 crore for the quarter ended September 30, 2012.

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