The Hindu Business Line : Allahabad Bank: cost disadvantage

Allahabad Bank is said to be decelerating in recent days, given concerns stemming from factors such as decline in treasury income and increasing cost of deposits. The stock on Tuesday ended at Rs 73.10 on the NSE, a marginal increase of 1.95 per cent from its previous close. Volumes nevertheless stood at nearly 3.5 lakh shares, market circles have noted, adding that the current price is not too far away from its 52-week low of Rs 64.50. A breather for the stock, it is also added, will come when the bank's ambitious plans, including the one concerning its proposed foray into non-life insurance, takes off.

Nilanjan Dey

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