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Andhra Bank reports marginal rise in Q2 net profit

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%.

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