Andhra Bank Q2 net profit up 4% at Rs 316 cr

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Andhra Bank Q2 net profit up 4% at Rs 316 cr

Andhra Bank has announced its July-September quarter results. The bank's Q2 net profit was up at Rs 316 crore versus Rs 303 crore, year-on-year, YoY.

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Andhra Bank has announced its July-September quarter results. The bank's Q2 net profit was up 4% at Rs 316 crore versus Rs 303 crore, year-on-year, YoY.

Total Income has increased from Rs 2132.33 crore for the quarter ended September 30, 2010 to Rs 2960.32 crore for the quarter ended September 30, 2011.

The banks net NPAs were at 1.48% versus 0.49%, YoY.

Its gross NPAs were at 2.67% versus 1.26%, YoY.

Its gross NPAs were at Rs 1,987 crore versus Rs 770 crore, YoY.