New Delhi: State-owned Andhra Bank on Saturday reported widening of its net loss to Rs 434.10 crore in second quarter which ended September.
It had posted a net loss of Rs 385.11 crore during the July-September period of the previous fiscal.
On a sequential basis, however, its net loss narrowed from Rs 539.83 crore loss in the first quarter ended June of the current fiscal.
In the fiscal ended March 2018, the bank had posted a net loss of Rs 3,412.53 crore due to mounting bad loans.
Total income during the second quarter of 2018-19 rose to Rs 5,249.32 crore as against Rs 5,005.34 crore in the same quarter of 2017-18, Andhra Bank said in a regulatory filing.
Bank’s asset quality…
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Source: https://www.news18.com/amp/news/business/andhra-bank-q2-net-loss-widens-to-rs-434-crore-1929147.html