http://www.hybiz.tv/B-A-Prabhakar--Andhra-Bank---01/165603+
B. A. Prabhakar, Chairman & Managing Director, Andhra Bank,
Hyderabad, Andhra Pradesh. The third quarter was one of the challenging
factors for the entire banking industry. Andhra Bank has performed well
with the best results & growth in business. We are able to bring
down the NPAs. Total business crosses the Rs. 1, 75,000 crore mark
registering an impressive Year on Year growth of 20.4% over December
2010. Growth in terms of Total income-37.5%, Operating Profit-26.6%,
Net Interest Income-20.6%. Deposit growth stood on 20.2% on Y-o-Y which
reached to 98,680 crore. Advances recorded a growth of 20.7% (Y-o-Y)
with 79,169 crore. CASA Deposits increased to 26, 261 crore from 23, 428
crore. CASA share in total deposits is 26.6%. Net interest income has
improved to Rs. 984 crore recording a growth of 17.1%. Operating Profit
showed a growth at Y-o-Y growth at 22.3%. Net profit for Q3 was at Rs
303 crore, Gross NPA-2.38%, NIM-3.81%, etc.
B. A. Prabhakar, Chairman & Managing Director, Andhra Bank,
Hyderabad, Andhra Pradesh. The third quarter was one of the challenging
factors for the entire banking industry. Andhra Bank has performed well
with the best results & growth in business. We are able to bring
down the NPAs. Total business crosses the Rs. 1, 75,000 crore mark
registering an impressive Year on Year growth of 20.4% over December
2010. Growth in terms of Total income-37.5%, Operating Profit-26.6%,
Net Interest Income-20.6%. Deposit growth stood on 20.2% on Y-o-Y which
reached to 98,680 crore. Advances recorded a growth of 20.7% (Y-o-Y)
with 79,169 crore. CASA Deposits increased to 26, 261 crore from 23, 428
crore. CASA share in total deposits is 26.6%. Net interest income has
improved to Rs. 984 crore recording a growth of 17.1%. Operating Profit
showed a growth at Y-o-Y growth at 22.3%. Net profit for Q3 was at Rs
303 crore, Gross NPA-2.38%, NIM-3.81%, etc.
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