Andhra Bank reported fiscal year consolidated net profit attributed to the group of Rs.440.11 crore, lower by 66 percent than Rs. 1,284.54 crore reported last year.
Net interest income during the year amounted to Rs. 3,838.92 crore, flat from last year'sRs. 3,820.82 crore, while non-interest income increased by 30 percent to Rs. 2,035.85 crore from Rs. 1,570.24 crore a year-ago.
Total consolidated income rose by 13 percent to Rs. 16,432.90 crore from Rs. 14,542.30 crore in 2013.
Operating profit, before provisions and contingencies, for the year was flat at Rs.2,755.29 crore, compared with Rs. 2,757.63 crore last year.
Provisions for bad debts during the year was more than doubled to Rs. 1,477.17 crore from Rs. 615.12 crore last year.
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