A. A Taj, Andhra Bank - 01

A.A Taj, Andhra Bank, Executive director, Andhra Bank, Hyderabad, Andhra Pradesh. Andhra Bank have shown its progress at a glance with an increase of 20.4 % Y-o-Y from 1, 47,000 crore to 1, 77,000 crore. Deposit growth stood on 20.2% on Y-o-Y which reached to 98,680 crore. Advances recorded a growth of 20.7% (Y-o-Y) with 79,169 crore. CASA Deposits increased to 26, 261 crore. Andhra Bank is one of the major players in MSME sectors. Growth is strong at 20.6%. Retail credit growth is about 9%, Housing loan at 13%, banking sector growth is at 12% and agricultural growth at 13%. The total income of the bank has gone up to 36.1 on Q-o-Q. Net Interest Margin (NIM) has gone to only 10 basis points on Q-o-Q (3.91-3.81).Y-o-Y decline point is only 4 basis points. Bank has possessed a good yield on advances. This increases the cost of deposits.