26-April-2024
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Andhra Bank posts Rs 2,535 cr net loss in Q4
24-May-2018

State-owned Andhra Bank today reported a standalone net loss of Rs 2,535.82 crore for the fourth quarter ended March 31, mainly due to higher non-performing assets. The bank had posted net profit of Rs 35.12 crore in the corresponding quarter of 2016-17. In a regulatory filing, Andhra Bank said its total income stood at Rs 5,092.62 crore in the March quarter, compared to Rs 5,424.69 crore in the year-ago period.

News Source:- http://www.business-standard.com/article/pti-stories/andhra-bank-posts-rs-2-535-cr-net-loss-in-q4-118052201465_1.html