The publicly held Allahabad bank has bettered on its financial results. The banks net interest income (NII) increased by 22%. NII is the difference between the interest earned and interest given. It reveals a bank ability to generate income from lending operations.

Most of the Allahabad bank's competitors either registers the same NII or posted single digit growth figures.

The non performing assets (NPAs) of the bank formed a meagre 0.35 percent of the net advances at the end of September 2009 as against 0.72 percent in the corresponding period the previous year. It shows that the banks asset quality is one of the best in the industry.

Allahabad bank's Net interest margin (NIM) increased by 14 basis points year-on-year at 2.84 percent for the quarter ending September 2009. Besides Allahabad bank, there are only a few who have managed an NIM of around 3 percent.

It has also improved on its return on Assets (ROA) which stood at 1.33 percent in September 2009 quarter as compared to 0.2 percent in the similar period last year.

As a result of strong financial results the bank's srip rose by 11 percent in the first eight trading days as compared to 5 percent gain by the benchmark Index NIFTY.