Andhra Bank has reported results for third quarter ended December 31, 2014.
The bank has reported over four fold rise in its net profit at Rs 201.71 crore for the quarter ended December 31, 2014 as compared to Rs 45.57 crore for the same quarter in the previous year. Total income of the bank has increased by 16.41% at Rs 4540.61 crore for quarter under review as compared to Rs 3900.54 crore for the quarter ended December 31, 2013.
Gross non-performing assets (NPAs) increased to 5.99% in the October- December quarter as against 5.55% in the same quarter previous year, while net NPAs stood at 3.70%.