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  • Hyderabad-based infra firm IVRCL booked for alleged bank fraud of Rs 4,837 crore, CBI raids premises Dec 30, 2020 10:52 PM IST

    Hyderabad-based infra firm IVRCL booked for alleged bank fraud of Rs 4,837 crore, CBI raids premises

    The central probing agency had earlier booked IVRCL and its directors on a complaint from the State Bank of India and raided their premises for an alleged fraud worth over Rs 4,800 crore against a consortium of banks.

  • RBI excludes 6 PSBs from Second Schedule of RBI Act Sep 30, 2020 09:22 PM IST

    RBI excludes 6 PSBs from Second Schedule of RBI Act

    A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as 'Scheduled Commercial Bank'. These six banks merged with other public sector banks (PSBs) with effect from April 1.

  • Merged PSBs to ensure no disruption to credit flow, enhanced customer experience: FinMin Mar 12, 2020 08:30 PM IST

    Merged PSBs to ensure no disruption to credit flow, enhanced customer experience: FinMin

    Finance Minister Nirmala Sitharaman on March 12 held meetings with chief executives of these banks, including Andhra Bank, Corporation Bank and Union Bank of India.

  • Andhra Bank Consolidated December 2019 Net Interest Income (NII) at Rs 1,845.67 crore, up  4.35% Y-o-Y Feb 07, 2020 11:43 AM IST

    Andhra Bank Consolidated December 2019 Net Interest Income (NII) at Rs 1,845.67 crore, up 4.35% Y-o-Y

  • Andhra Bank posts net profit of Rs 175cr in December quarter Feb 05, 2020 10:23 PM IST

    Andhra Bank posts net profit of Rs 175cr in December quarter

    Gross non-performing assets (NPAs) worsened to 17.26 per cent of the gross advances at the end of December 2019, compared with 16.68 per cent a year ago.

  • Andhra Bank share price falls 3% after RBI imposes Rs 25 lakh penalty Dec 06, 2019 02:46 PM IST

    Andhra Bank share price falls 3% after RBI imposes Rs 25 lakh penalty

    The bank was fined for non-compliance with RBI's directions on KYC norms, anti-money laundering standards and opening of current accounts.

  • RBI imposes Rs 25 lakh fine on Andhra Bank for violating KYC, AML norms Dec 05, 2019 08:45 PM IST

    RBI imposes Rs 25 lakh fine on Andhra Bank for violating KYC, AML norms

    The penalty has been imposed in exercise of powers vested in RBI under the provisions of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI, it said.

  • Andhra Bank to cut MCLR by 10 bps across all tenors from today Oct 15, 2019 08:23 AM IST

    Andhra Bank to cut MCLR by 10 bps across all tenors from today

    The benchmark one-year tenor MCLR, which is used to price most of the consumer loans, has been brought down to 8.30 per cent from 8.40 per cent.

  • Warburg may acquire an additional 20.5% stake in IndiaFirst from Andhra Bank Sep 16, 2019 04:01 PM IST

    Warburg may acquire an additional 20.5% stake in IndiaFirst from Andhra Bank

    The sale is expected to bring in Rs 700 crore for state-run lender Andhra Bank

  • Andhra Bank board okays merger with Union Bank Sep 13, 2019 10:05 PM IST

    Andhra Bank board okays merger with Union Bank

    Finance Minister Nirmala Sitharaman recently announced the merger of Oriental Bank of Commerce and UnitedBankwith Punjab National Bank, Syndicate Bank with Canara Bank, while Andhra Bank and Corporation Bank would merged with Union Bank of India.

  • Andhra Bank cuts MCLR by 25 basis points Aug 09, 2019 07:17 PM IST

    Andhra Bank cuts MCLR by 25 basis points

    The bank said it would soon introduce repo rate linked deposit and loan products.

  • Andhra Bank Standalone June 2019 Net Interest Income (NII) at Rs 1,650.59 crore, up  13.04% Y-o-Y Aug 05, 2019 11:51 AM IST

    Andhra Bank Standalone June 2019 Net Interest Income (NII) at Rs 1,650.59 crore, up 13.04% Y-o-Y

  • Andhra Bank back in the black, posts Q1 standalone net profit of Rs 52 cr Aug 02, 2019 09:06 PM IST

    Andhra Bank back in the black, posts Q1 standalone net profit of Rs 52 cr

    The lender's total income, however, increased to Rs 5,437.03 crore in three months to June 2019 as compared with Rs 5,092.08 crore in the year-ago period, Andhra Bank said in a regulatory filing on August 2.

  • SFIO seeks action against Bhushan Steel's lenders, including SBI, PNB, LIC Jul 24, 2019 06:09 PM IST

    SFIO seeks action against Bhushan Steel's lenders, including SBI, PNB, LIC

    In its report that runs into over 70,000 pages, the investigating agency has charged officials of 13 banks of being hand-in-glove with the Bhushan Steel promoters

  • Andhra Bank board approves raising Rs 2,000 cr equity capital Jun 24, 2019 10:30 PM IST

    Andhra Bank board approves raising Rs 2,000 cr equity capital

    The board of directors of the bank at its meeting held on June 24, 2019, approved the proposal to raise the equity capital amounting to Rs 2,000 crore.

  • Andhra Bank Standalone March 2019 Net Interest Income (NII) at Rs 1,821.45 crore, up  5.87% Y-o-Y May 14, 2019 10:50 AM IST

    Andhra Bank Standalone March 2019 Net Interest Income (NII) at Rs 1,821.45 crore, up 5.87% Y-o-Y

  • Andhra Bank Q4 loss narrows to Rs 1,224 cr May 13, 2019 07:36 PM IST

    Andhra Bank Q4 loss narrows to Rs 1,224 cr

    The bank had booked a net loss of Rs 2,535.82 crore in the corresponding quarter of 2017-18.

  • Andhra Bank surges 2% on preferential share allotment to govt Mar 29, 2019 09:52 AM IST

    Andhra Bank surges 2% on preferential share allotment to govt

    At 0943 hrs, Andhra Bank was quoting Rs 28.25, up 1.62 percent on the BSE.

  • 19 PSBs write off loans worth Rs 41,000 crore in Q3FY19: Report Feb 20, 2019 10:56 AM IST

    19 PSBs write off loans worth Rs 41,000 crore in Q3FY19: Report

    The rise in the pace of the write-off exercise indicates that write-offs may be sizeable in the current year too.

  • Andhra Bank Standalone December 2018 Net Interest Income (NII) at Rs 1,698.27 crore, up  1.56% Y-o-Y Feb 12, 2019 10:48 AM IST

    Andhra Bank Standalone December 2018 Net Interest Income (NII) at Rs 1,698.27 crore, up 1.56% Y-o-Y

  • Andhra Bank's net loss widens to Rs 579 cr in Q3 as bad loans spurt Feb 11, 2019 07:54 PM IST

    Andhra Bank's net loss widens to Rs 579 cr in Q3 as bad loans spurt

    Total income, however, rose to Rs 5,322.33 crore for the third quarter of 2018-19 as against Rs 5,093.43 crore in same period last year, Andhra Bank said in a regulatory filing.

  • Andhra Bank to divest stakes in joint ventures Nov 05, 2018 10:12 PM IST

    Andhra Bank to divest stakes in joint ventures

    Andhra Bank earlier last week reported a net loss of Rs 434 crore in second quarter of this fiscal, which widened against Rs 385.11 crore loss in year ago same period.

  • Andhra Bank Standalone September 2018 Net Interest Income (NII) at Rs 1,728.39 crore, up  15.14% Q-o-Q Nov 05, 2018 10:17 AM IST

    Andhra Bank Standalone September 2018 Net Interest Income (NII) at Rs 1,728.39 crore, up 15.14% Q-o-Q

  • Sterling Biotech bank fraud: The reputation and independence of CBI at stake Oct 24, 2018 09:20 PM IST

    Sterling Biotech bank fraud: The reputation and independence of CBI at stake

    The controversy surrounding the appointment of Rakesh Asthana and how the probe into his misdemeanours is being thwarted, raises the question of whether the government exercises political discretion in selecting candidates who are pliant to their agenda.

  • Andhra Bank raises MCLR by 0.15% for various tenors Aug 16, 2018 02:47 PM IST

    Andhra Bank raises MCLR by 0.15% for various tenors

    The MCLR for overnight, 1 month, 3 month, 6 month and one year tenors has been raised by 0.15 percent each to 8.15 percent, 8.20 per cent, 8.40 percent, 8.55 percent and 8.70 percent, respectively, the bank said.

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