Andhra Bank has announced its third quarter results of FY10. It has reported 29.29% jump in its net profit of Rs 275 crore as against Rs 212.7 crore in the same period of previous year.
Net interest income shot up 29% to Rs 583 crore from Rs 451.9 crore. Net interest margin stood at 3.35%.
Cost of funds declined to 5.38% from 6.18% (YoY). Capital adequacy ratio stood at 14.95%.
At 13:24 pm, the share was trading at Rs 107.80, up Rs 0.85, or 0.79%. Its current market cap stood at Rs 5,228.30 crore.
