Andhra Bank has reported results for third quarter ended December 31, 2018.
The Bank has reported a net loss of Rs 578.59 crore for the quarter under review as compared to net loss of Rs 532.02 crore for the same quarter in the previous year. However, total income of the Bank increased by 4.49% at Rs 5322.33 crore for Q3FY19 as compared Rs 5093.43 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 16.68%, as compared to 14.26% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 6.99% in Q3FY19.