 "Andhra Bank Q1 profit up by 33% to Rs 40 crore")
The bank clocked a net profit of Rs 31.09 crore in the same quarter of the previous financial year.
The total income for the quarter increased to Rs 5,155.21 crore, from Rs 4,855.50 crore in the year-ago period, Andhra Bank said in a regulatory filing to the stock exchanges.
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Net NPAs were at 8.09% of net advances, as against 6.21% a year ago.
As a result, provisions for bad loans and contingencies were increased to Rs 1,301.11 crore in the reported quarter from Rs 943.77 crore in the same period a year ago.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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