Allahabad Bank to trim NPAs to 3.2%; aims to recover Rs 3K cr

Public sector lender Allahabad BankBSE 0.49 % aims to bring down its gross non-performing assets (NPAs) level to around 3.2 per cent from the last fiscal's level of 3.92 per cent on the back of sustained effort on recovery, a top bank official has said. 

"As far as asset quality is concerned, we aim to bring down our gross NPAs to around 3.2 per cent by end of this fiscal from 3.92 per cent in FY13," chairman and managing director Shubhalakshmi Panse told PTI over the weekend. 

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