Andhra Bank today posted a 10.4% drop in its fourth quarter net profit at Rs 124.25 crore as against Rs 138.7 crore in January-March 2007 due to sharp rise in interest costs.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>According to a release issued by the bank to the BSE today, the total income for the January-March 2008 quarter rose by 22.03% to Rs 1,352 crore. The interest income moved up to Rs 1,169.22 crore from Rs 969.99 crore a year ago.</P>
</p><p class='TableClas'>The interest expenditure shot up by 41% to Rs 826.3 crore from Rs 582 crore. The net interest income for the Q4FY08 was down at Rs 343 crore from Rs 387.9 crore in same period of 2006-07.<BR></P>
</p><p class='TableClas'></p></table>


Andhra Bank Q4 down 10% at Rs 124cr

More From This Section

Rating outlook for Mumbai Airport revised to stable

Biggest fall for Re in 3 weeks; may rise from current levels

RBI forecasters cut growth projection for FY13 to 5.5%

ICICI, Axis Bank raise deposit rate ahead of RBI policy

Explore News