merisarkar news service, New Delhi, January 31, 2011
Q3 Profit up by 20%: R Ramchandran
State-run Andhra Bank reported a growth of 20.16 % in its net profit at Rs. 330.91 crore for the third quarter ended December 31, 2010 on Monday.
It had a net profit of Rs. 275.39 crore during the same quarter of last fiscal, Andhra bank said in a filing to the Bombay Stock Exchange.
The bank also reported a jump of 27 % in its total income during the third quarter at Rs. 2,320.20 crore as against Rs. 1,826.81 crore during the year-ago period.
Andhra bank's net non-performing assets (NPAs) stood at 0.47 % during the quarter under review, up from 0.17 % in the corresponding quarter of 2009-10.
Its gross NPAs at the end of the third quarter stood at 1.33 %, up from 0.87 % in the same quarter of last fiscal.
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