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Allahabad Bank reports net loss of Rs 3509 cr in Q4 on NPA rise

The bank had registered a net profit of Rs 111.16 crore in the same quarter of preceding fiscal 2016-17. The bank had reported a loss of Rs 1,263.79 crore in the previous December quarter. Public sector lender Allahabad Bank today reported a standalone net loss of Rs 3,509.63 crore for the last quarter ended March of 2017-18