Andhra Bank reports over two fold jump in Q2 net profit

Andhra Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532418 | NSE: ANDHRABANK

30 Oct 2014 Evaluate

Andhra Bank has reported results for second quarter ended September 30, 2014.

The bank has reported over two fold jump in its net profit at Rs 144.49 crore for the quarter ended September 30, 2014 as compared to Rs 70.65 crore for the same quarter in the previous year. Total income has increased by 15.88% at Rs 4423.62 crore for quarter under review as compared to Rs 3817.57 crore for the quarter ended September 30, 2013.

Gross non-performing assets (NPAs) increased to 5.99% in the July-September quarter as against 5.15% in the same quarter previous year, while net NPAs stood to 3.86%.

Peers

Company Name	CMP
State Bank Of India	982.50
PNB	116.70
Bank Of Baroda	235.25
Canara Bank	124.95
Union Bank Of India	180.00
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