FOR FY10 VS FY 09
Andhra Bank has produced a quantum jump in its results for the FY10, compared to FY 09. Total income has risen to Rs.734058 lakhs from Rs.614225 lakhs. This was on the back of smart rise in interest on advances.bills to Rs.516127 from Rs.421506 lakhs.Operating profit has also risen smartly to Rs. 181379.07 lakhs from Rs. 129110.41 lakhs.
Andhra Bank had consistently improved QOQ in the past. Going forward, it seems, we can expect a smart jump in CASA RATIO, Interest income and EPS. Current year (FY11)could therefore be better than FY10.