Andhra Bank reports 7% fall in Q1 net profit

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

06 Aug 2012 Evaluate

Andhra Bank has reported results for first quarter ended June 30, 2012.

The bank has registered a fall of 6.19% in its net profit at Rs 361.83 crore for the quarter under review as compared to Rs 385.71 crore for the same quarter in the previous year. However, the total income of the bank has increased by 17.75% at Rs 3357.22 crore for Q1FY13 as compared Rs 2851.18 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) rose to 2.72% in the April-June quarter as against 1.55% in the same quarter previous year while net NPAs increased to 1.52%.

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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