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Andhra Bank reports 82% fall in Q3 net profit

07 Feb 2014 Evaluate

Andhra Bank has reported results for third quarter ended December 31, 2013.

The bank has reported 82.27% fall in its net profit at Rs 45.57 crore for the quarter as compared to Rs 257.09 crore for the same quarter in the previous year. However, total income of the bank has increased by 12.49% at Rs 3900.54 crore for quarter under review as compared to Rs 3467.57 crore for the quarter ended December 31, 2012.

The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 5.56%, as compared to 3.66% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 3.65% as compared to 2.29% in the same quarter of the previous year.

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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