State-run Andhra Bank today reported a growth of 20.16 per cent in its net profit at Rs 330.91 crore for the third quarter ended December 31, 2010.
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 per cent 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 per cent during the quarter under review, up from 0.17 per cent in the corresponding quarter of 2009-10.
Its gross NPAs at the end of the third quarter stood at 1.33 per cent, up from 0.87 per cent in the same quarter of last fiscal.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app