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Andhra Bank’s net loss widens to Rs 434 crore in Q2

Andhra Bank has reported results for second quarter ended September 30, 2018.

The Bank has reported net loss of Rs 434.10 crore for the quarter under review as compared to net loss of Rs 385.11 crore for the same quarter in the previous year. However, total income of the Bank increased by 4.87% at Rs crore for 5,249.32 Q2FY19 as compared Rs 5,005.34 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 16.36%, as compared to 13.27% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.49% in Q2FY19.

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