Andhra Bank has reported results for third quarter ended December 31, 2019.
The bank has reported a net profit of Rs 162.80 crore for the quarter under review against net loss of Rs 578.59 crore for the same quarter in the previous year. Total income of the bank increased by 5.13% at Rs 5,595.19 crore for Q3FY20 as compared Rs 5,322.33 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a net profit attributed to the Group at Rs 184.54 crore for the quarter under review against net loss of Rs 566.08 crore for the same quarter in the previous year. Total income of the bank increased by 5.52% at Rs 5,919.14 crore for Q3FY20 as compared Rs 5,609.43 crore for the corresponding quarter previous year.
