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At National Stock Exchange, shares of the company fell by 3.96 per cent to
End at Rs 67.85.
The company's market valuation declined by Rs 200.12 crore to Rs 4,614.88 crore.
Andhra Bank's net profit declined by 32 per cent to Rs 35.13 crore in the quarter ended March
2017 due to rise in bad
The bank had posted a net profit of Rs 51.60 crore in the corresponding quarter of preceding fiscal.
Gross non-performing assets (NPAs) as of March-end 2017 hit 12.25 per cent as a percentage of gross loans, from 8.39 per cent year ago. Net NPAs or bad loans were of the order of 7.57 per cent, up from 4.61 per cent.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)