Comments
Shares of Allahabad Bank Limited fall as much 5.8 per cent to Rs 42.45, their lowest since February 20.
The bank’s March-quarter loss widened to Rs 3834 crore while provisions for bad loans grew three per cent.
Its forward PE of -1.45 was lower than the sector average of 13.02. Rivals - Bandhan Bank Limited and RBl Bank Limited have a forward PE of 27.46 and 24.29, respectively.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.