B. A. Prabhakar, Andhra Bank - 01

B. A. Prabhakar, Chairman & Managing Director, Andhra Bank, Hyderabad, Andhra Pradesh. The third quarter was one of the challenging factors for the entire banking industry. Andhra Bank has performed well with the best results & growth in business. We are able to bring down the NPAs. Total business crosses the Rs. 1, 75,000 crore mark registering an impressive Year on Year growth of 20.4% over December 2010. Growth in terms of Total income-37.5%, Operating Profit-26.6%, Net Interest Income-20.6%. 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 from 23, 428 crore. CASA share in total deposits is 26.6%. Net interest income has improved to Rs. 984 crore recording a growth of 17.1%. Operating Profit showed a growth at Y-o-Y growth at 22.3%. Net profit for Q3 was at Rs 303 crore, Gross NPA-2.38%, NIM-3.81%, etc.