Andhra Bank reports marginal rise in Q2 net profit

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

06 Nov 2012 Evaluate

Andhra Bank has reported results for second quarter ended September 30, 2012.

The bank has registered marginal rise of 3.07% in its net profit at Rs 325.83 crore as compared to Rs 316.12 crore in the corresponding month previous year. The total income of the bank has also increased by 15.45% to Rs 3417.62 crore for the quarter under review as compared to Rs 2960.32 crore in the same month last year.

Gross non-performing assets (NPAs) rose to 3.48% in the quarter under review as against 2.67% in the same quarter previous year while net NPAs too rose to 2.16% from 1.48%.

Peers

Company Name	CMP
State Bank Of India	997.00
PNB	116.65
Bank Of Baroda	237.80
Canara Bank	123.90
Union Bank Of India	178.00
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