The provisions for bad loans also reduced to Rs 1,900 crore for the reported quarter, as against Rs 2,044.23 crore a year ago. The overall provisions and contingencies were at Rs 1,495.34 crore, down from Rs 2,413.46 crore.
For accounts under provisions of Insolvency and Bankruptcy Code (IBC), the bank is holding provision of Rs 4,887.17 crore (75 per cent of total outstanding as on December 31, 2018, it said.
The non-performing loan provision coverage ratio of the bank stood at 69.64 per cent by end of December 2018.
Stock of Allahabad Bank closed at Rs 42.35 on BSE, down 0.94 per cent from previous close.