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Andhra Bank’s net loss widens to Rs 579 crore in Q3

12 Feb 2019 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 963.90
PNB 122.25
Bank Of Baroda 237.50
Canara Bank 120.05
Union Bank Of India 181.05
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