Andhra Bank has reported results for second quarter ended September 30, 2017.
The Bank has reported a net loss of Rs 385.11 crore for the quarter under review as compared to a net profit of Rs 51.42 crore for the same quarter in the previous year. Total income of the Bank was down by 0.74% at Rs 5005.34 crore for Q2FY18 as compared Rs 5042.67 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 13.27% as compared to 11.49% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.55% in Q2FY18.