Andhra Bank Q3 net up 33.74%

Andhra Bank Q3 net up 33.74%
PTI
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First Published: Thu, Jan 29 2009. 08 54 PM IST
Updated: Thu, Jan 29 2009. 08 54 PM IST
Hyderabad: State-run Andhra Bank has registered a 33.74% increase in its net profit to Rs213 crore during the third quarter (Q3) ending 31 December 2008.
Addressing a press conference, the bank’s CMD R.S. Reddy said the profit in the third quarter is increased by 33.74% from Rs159 crore during the same period last year.
He said the bank is poised to achieve a business level of Rs1 lakh crore by March next, thus becoming a major bank status.
He said the bank’s advances stood at Rs14,194 crore, which includes agricultural advances of Rs6,485 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.
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First Published: Thu, Jan 29 2009. 08 54 PM IST