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Andhra Bank reports 15% fall in Q3 net profit

24 Jan 2013 Evaluate

Andhra Bank has reported results for third quarter ended December 31, 2012.

The bank has reported 15.20% fall in its net profit at Rs 257.08 crore for the quarter as compared to Rs 303.17 crore for the same quarter in the previous year. However, total income of the bank has increased by 9.50% at Rs 3469.21 crore for quarter under review as compared to Rs 3168.26 crore for the quarter ended December 31, 2011.

The bank’s gross NPA for the December 31, 2012 quarter of the current fiscal stood at 3.88%, higher as compared to 2.38% in the same quarter of the previous year. Besides, bank’s Net NPA remained higher at 2.29% in the quarter under review as against 1.21% in Q3FY12.

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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