Andhra Bank opens its new branch in Gujarat

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

11 Nov 2014 Evaluate

Andhra Bank, a public sector lender, has opened its new branch under the Ahmedabad Zone in Gujarat. This is the 27th Branch of the bank in state. Furthermore, the bank is planning to open 100 more new branches in the state by March 2016.

Andhra 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.

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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