Andhra Bank Q1 net jumps three-folds at Rs 256 cr

Public sector Andhra Bank on Saturday said reported three-folds jump in net profit at Rs 256.22 crore for the first quarter ended on June 30, 2009, over the same period last year.

Public sector Andhra Bank on Saturday said reported three-folds jump in net profit at Rs 256.22 crore for the first quarter ended on June 30, 2009, over the same period last year.

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The company had a net profit of Rs 77.62 crore in the same period last year, public sector bank said in a filing to the Bombay Stock Exchange.

Total income rose to Rs 1,742.70 crore in the latest quarter, against Rs 1,266.11 crore in the same period previous fiscal.