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17-May2017

Andhra Bank reports 32% fall in Q4 net profit

Andhra Bank has reported results for fourth quarter and year ended March 31, 2017.  

The bank has reported a fall of 31.92% in its net profit at Rs 35.13 crore for the quarter ended March 31, 2017 as compared to Rs 51.60 crore for the same quarter in the previous year. However, total income of the bank increased by 5.86% at Rs 5424.70 crore for quarter under review as compared to Rs 5124.37 crore for the quarter ended March 31, 2016. 

For the year ended March 31, 2017, the bank has posted a fall of 67.71% in its net profit at Rs 174.34 crore as compared to Rs 539.84 crore in FY16. However, total income of bank increased by 5.92% at Rs 20335.73 crore for year under review as compared to Rs 19199.16 crore for the year ended March 31, 2016. 


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