Andhra Bank has posted 35% growth in net profit during the quarter ended September.
The net profit was ₹144 crore, a jump of 35% quarter-on-quarter.
The core operating profit of the bank during Q2 stood at ₹710 crore compared to ₹622 crore during corresponding quarter of previous year.
The bank said its total income grew by 16% year-on-year. It stood at ₹4,424 crore compared to ₹3,818 crore during Q2 of 2013-14. This comprised interest income of ₹4,146 crore and and non-interest income of ₹278 crore.
Total business of the bank stood at ₹260,012 crore, an increase of 13% year-on-year.
The deposits grew from ₹129,343 crore to ₹145,084 crore, an year-on-year increase of 12.2%.
The gross bank credit during the quarter stood at ₹114,928 crore, a growth of 14% over corresponding quarter last year.
