May 13, 2019 / 5:23 AM / 2 months ago

BUZZ-India's Allahabad Bank falls after March-qtr loss widens

** Shares of Allahabad Bank Ltd fall as much 5.8% to 42.45 rupees, their lowest since Feb. 20

** Co's March-qtr loss widened here to 38.34 bln rupees ($546.35 mln) while provision for bad loans grew 3 pct

** Co’s forward PE of -1.45 is lower than sector avg of 13.02

** In comparison, rivals Bandhan Bank Ltd has forward PE of 27.46 and RBL Bank Ltd at 24.29

** Up to Friday’s close, stock had fallen 2.3 pct this year ($1 = 70.1750 Indian rupees)

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