Allahabad Bank, on Thursday, reported a sharp decline in its profit which dipped to Rs.310.83 crore for the October-December 2012 period from a year ago figure of Rs.560.4 crore.

The bank saw a rise in its gross non-performing assets from Rs.1,886.9 crore to Rs.3,531. 6 crore in the quarter under review.

Total income increased to Rs.4,785.34 crore from Rs.4,260.28 crore.