Andhra Bank reports 89% rise in Q1 net profit

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

27 Jul 2015 Evaluate

Andhra Bank has reported results for first quarter ended June 30, 2015.

The bank has reported 89.27% rise in its net profit at Rs 202.52 crore for the quarter as compared to Rs 107.00 crore for the same quarter in the previous year. Total income of the bank has increased by 7.71% at Rs 4529.23 crore for quarter under review as compared to Rs 4205.06 crore for the quarter ended June 30, 2014.

The bank’s gross NPA for the April-June quarter of the current fiscal has improved to 5.75%, as compared to 5.98% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.99% in Q1FY16.

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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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