State-run Andhra Bank has registered a 33.74 per cent increase in its net profit to Rs 213 crore during the third quarter ending December 31, 2008.
Addressing a press conference here today, the bank's CMD R S Reddy said the profit in the third quarter is increased by 33.74 per cent from Rs 159 crore during the same period last year.
He said the bank is poised to achieve a business level of Rs 1 lakh crore by March next, thus becoming a major bank status.
He said the bank's advances stood at Rs 14,194 crore, which includes agricultural advances of Rs 6,485 crore.
Reddy to a question said the overall performance of the bank is excellent and the corporate financing has not been affected due to slowdown in the economy.
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