Andhra Bank is expected to report a profit after tax of Rs 321 crore in the second quarter of FY12, a growth of 6% as compared to Rs 303 crore in the corresponding quarter of last fiscal.
Net interest income is seen going up by 15% to Rs 904 crore from Rs 783 crore during the same period. Factors to watch
-Margins compression could be around 15 - 20 bps
-Higher slippages from agriculture could result in further compression
-Provisions to remain high as bank transits to system recognition of NPAs
-Non interest income expected to grow 30% driven by higher trading gains
-Deposit growth 22%
-Loan growth at 25%
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