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Andhra Bank Eyes Massive Business Growth

Updated: July 14, 2015 10:48 am

Andhra Bank has reported a 110.3 per cent jump in net profit at Rs 185.24 crore for the quarter ended March 31 on the back of higher net interest margin(NIM) and the lower provisioning, as compared to Rs 88.08 crore a year earlier. Total income grew 15.8 per cent at Rs 4,699.1 crore from Rs 4,057.8 crore in the year-ago period. Net profit was down 8.16 per cent compared with Rs 201.71 crore in the quarter ended December, 2014.

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