Edition:
India

Andhra Bank (ADBK.NS)

ADBK.NS on National Stock Exchange of India

27.60INR
3:57pm IST
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Latest Key Developments (Source: Significant Developments)

Andhra Bank Approves To Raise Up To 32.56 Bln Rupees Via Preferential Allotment Of Shares To India Govt
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Andhra Bank ::APPROVED TO RAISE CAPITAL VIA PREFERENTIAL ALLOTMENT OF SHARES TO INDIA GOVERNMENT WORTH UP TO 32.56 BILLION RUPEES.  Full Article

India's Andhra Bank Dec Qtr Net Loss Widens
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Andhra Bank ::DEC QUARTER NET LOSS 5.79 BILLION RUPEES VERSUS NET LOSS OF 5.32 BILLION RUPEES LAST YEAR.DEC QUARTER INTEREST EARNED 47.97 BILLION RUPEES VERSUS 45.49 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS AND CONTINGENCIES 16.53 BILLION RUPEES VERSUS 24.23 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS FOR NPA 17.90 BILLION RUPEES VERSUS 17.45 BILLION RUPEES LAST YEAR.DEC QUARTER GROSS NPA 16.68 PERCENT VERSUS 16.36 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 6.99 PERCENT VERSUS 7.49 PERCENT PREVIOUS QUARTER.  Full Article

India's Andhra Bank Posts June-Qtr Net Loss Of 5.40 Bln Rupees
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Andhra Bank ::JUNE QUARTER NET LOSS 5.40 BILLION RUPEES VERSUS PROFIT OF 404.2 MILLION RUPEES LAST YEAR.JUNE QUARTER INTEREST EARNED 45.28 BILLION RUPEES VERSUS 44.02 BILLION RUPEES LAST YEAR.JUNE QUARTER PROVISIONS AND CONTINGENCIES 17.08 BILLION RUPEES VERSUS 13.01 BILLION RUPEES LAST YEAR.JUNE QUARTER PROVISIONS FOR NPA 13.88 BILLION RUPEES VERSUS 12.09 BILLION RUPEES LAST YEAR.JUNE QUARTER GROSS NPA 16.69 PERCENT VERSUS 17.09 PERCENT PREVIOUS QUARTER.JUNE QUARTER NET NPA 7.96 PERCENT VERSUS 8.48 PERCENT PREVIOUS QUARTER.PROVISION COVERAGE RATIO AS OF JUNE 30 WAS 64.27 PERCENT.  Full Article

Andhra Bank Says Co's Exposure To Sterling Group Companies At 11.44 Bln Rupees
Thursday, 19 Jul 2018 

July 19 (Reuters) - Andhra Bank ::CO IS LEAD BANK OF CONSORTIUM IN CASE OF TWO GROUP COMPANIES OF STERLING GROUP.CO'S EXPOSURE TO STERLING GROUP COS AMOUNT TO 11.44 BILLION RUPEES AS ON DATE.CO'S EXPOSURE TO STERLING GROUP COMPANIES WAS CLASSIFIED AS NON-PERFORMING ASSETS SINCE MARCH 2015.CO HAS ALREADY LODGED FORMAL COMPLAINT WITH CBI AGAINST STERLING GROUP COMPANIES.  Full Article

Andhra Bank Says Co Filed Application In NCLT Against Provogue In May
Friday, 13 Jul 2018 

July 13 (Reuters) - Andhra Bank ::ANDHRA BANK SAYS FILED APPLICATION IN NATIONAL COMPANY LAW TRIBUNAL AGAINST PROVOGUE IN MAY.  Full Article

Indiafirst Life Announces Appointment Of Rushabh Gandhi As Deputy CEO
Monday, 2 Jul 2018 

July 2 (Reuters) - :INDIAFIRST LIFE ANNOUNCES APPOINTMENT OF RUSHABH GANDHI AS DEPUTY CEO.  Full Article

Andhra Bank Says M Babu Rajendra Prasad Designated As CFO
Wednesday, 23 May 2018 

May 23 (Reuters) - Andhra Bank ::SAYS M BABU RAJENDRA PRASAD DESIGNATED AS CFO.  Full Article

Andhra Bank Says Suresh N Patel, MD And CEO Demitted Office On Superannuation‍​
Monday, 1 Jan 2018 

Jan 1 (Reuters) - Andhra Bank ::SAYS SURESH N PATEL, MD AND CEO DEMITTED OFFICE ON SUPERANNUATION‍​.  Full Article

India's Andhra Bank posts Sept-qtr loss
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Andhra Bank ::Sept quarter net loss 3.85 billion rupees versus net profit of 514.2 million rupees last year.Sept quarter interest earned 44.17 billion rupees versus 44.73 billion rupees last year.Sept quarter provisions 16.68 billion rupees versus 9.57 billion rupees last year.Sept quarter gross NPA 13.27 percent versus 13.33 percent previous quarter.Sept quarter net NPA 7.55 percent versus 8.09 percent previous quarter.  Full Article

MEDIA-Allahabad Bank, Andhra Bank in talks to sell stakes in ASREC India - Mint

- Note: Reuters has not verified this story and does not vouch for its accuracy