Andhra Bank turns black in Q1
9th Aug 2019

Andhra Bank has reported results for first quarter ended June 30, 2019.

The Bank has reported net profit of Rs 51.56 crore for the quarter under review against net loss of Rs 539.83 crore for the same quarter in the previous year. Total income of the Bank increased by 6.77% at Rs 5,437.03 crore for Q1FY20 as compared Rs 5092.08 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported net profit of Rs 33.91 crore for the quarter under review against net loss of Rs 543.02 crore for the same quarter in the previous year. Total income of the Bank increased by 7.68% at Rs 5,723.60 crore for Q1FY20 as compared Rs 5315.56 crore for the corresponding quarter previous year.