Andhra Bank has recovered around Rs 200 crore non-performing assets (NPAs) in the last three months. Both recovery and upgradation of stressed assets have been high during the current quarter. With this, the total recoveries for the bank stood at Rs 2,200 crore. At the end of September 2014, the recovered amount was Rs 2,000 crore.
Andhra Bank 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 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.
| Company Name | CMP |
|---|---|
| SBI | 979.65 |
| PNB | 105.65 |
| Bank Of Baroda | 271.35 |
| Canara Bank | 133.00 |
| Union Bank Of India | 166.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: