1. The Bank is following the same Accounting Policies in preparation of these financial results as were followed in the annual financial statements for the year ended 31st March, 2011.
2. The financial results for the Quarter and nine months period ended 31st December, 2011 have been arrived at, after considering provisions for Non-performing Assets, Standard Assets and Investment Depreciation on the basis of prudential norms issued by Reserve Bank of India. Income Tax, Deferred tax and other usual and necessary provisions including employee benefit have been made on estimated / proportionate basis and subject to adjustment at the year-end.
3. At some branches reconciliation of accounts relating to Balances with Banks and NOSTRO accounts are in progress. Since substantial progress has been made in the above areas, the management is of the view that the impact of reconciliation, if any, on the accounts of the Bank will not be material.
4. The above financial results have been approved and taken on record by the Board of Directors in its meeting held on 30th January, 2012 and has been subjected to Limited Review by the Statutory Central Auditors, in terms of RBI guidelines and the Listing Agreement with the Stock Exchanges.
5. In terms of the provisions of circular no. DBOD No. BP.BC. 80/21.4.018/2010-11 dated 9th February, 2011 issued on reopening Pension Option to employees of Public Sector Banks and enhancement in Gratuity Limits- Prudential Regulatory treatment, Rs.149.54 Crores is required to be amortized during the year. The provision for Pension and Gratuity for the nine months includes 112.20 Crores (corresponding previous nine months- NIL) being three fourth of Rs. 149.54 Crores.
6. The figures of previous period have been regrouped and reclassified wherever necessary in order to make them comparable.
7. Provision coverage ratio as on 31st December, 2011 is 78.03%
8. Status of Investor’s Complaints:
   As on 1st October, 2011, the Bank had no pending investor’s complaints. During the quarter, the Bank received 297 nos. of complaints, which were suitably resolved and no complaint was pending as on 31st December, 2011.
9. Statement of Assets and Liabilities:

To
The Board of Directors,
Allahabad Bank,
Kolkata.

1. We have reviewed the accompanying statement of unaudited financial results of Allahabad Bank for the Quarter and Nine months period ended 31st December, 2011 except for the disclosures regarding ‘Public Shareholding’ and ‘Promoter and Promoter Group Shareholding’ which have been traced from  disclosures  made  by  the management and have not been audited by us. This statement is the responsibility of the Bank’s Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.
2. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400, Engagements to Review Financial Statements issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to enquiries of Banks personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
3. In the conduct of our Review, we have reviewed 20 branches and relied on the review reports in respect of non-performing assets received from concurrent auditors of 20 branches. These review reports cover 56.43 percent of the advances portfolio of the Bank. Apart from these review reports, in the conduct of our review, we have also relied upon various returns received from the branches and consolidated return from Head Office of the Bank.
4. Attention is drawn to Note No.3 of “Notes on Accounts” in respect of pending reconciliation of accounts relating to Balances with Banks and NOSTRO accounts are in progress.
5. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared  in accordance with the relevant prudential norms  issued by the Reserve Bank of India  in respect of income recognition , asset classification, provisioning and other related matters.