Andhra Bank Q1 net drops 43%

Andhra Bank has reported a 43% slump in net profit at Rs 85.16 crore for the first quarter ended June 30, 2005 as compared to Rs 150.16 crore in Q1FY05.

According to a release issued by Andhra Bank to the BSE, toal income has decreased to Rs 694.43 crore in Q1FY06 from Rs 755.28 crore in Q1FY05.