It is a broadly described annual report of Andhra Bank Limited in the year of 2017-2018. During the financial year, Total assets of the Bank stood at Rs. 242171,37,12 Crore. Andhra Bank’s Business stood at Rs. 3,72,605 Crores recording an increase of Rs. 32,932 Crore from Rs. 3,39,673 Crore as on 31st March 2017, with a growth rate of 9.70% (y-o-y). Andhra Bank’s Total Deposits stood at Rs. 2,08,070 Crore as on 31st March 2018, recording an incremental growth of Rs. 12,629 Crore (6.46%) over the previous year. Total Income for the financial year 2017-18 of the bank stood at Rs. 20347 Crore as compared to Rs. 20336 Crore for FY 2016-17. The Bank’s Total Expenses during the financial year 2017-18 is Rs. 14985 Crore against Rs. 15948 Crore during the previous year. The Operating Profit of the Bank increased to Rs. 5361 Crore compared to Rs. 4388 Crore in the previous year registering a growth rate of 22%. The Bank posted Net Loss of Rs. 3412 Crore for FY 2017-18 as compared to Net profit of Rs. 174 Crore for the financial year 2017-18. The Earnings per share (EPS) of the Bank stood at Rs. -42.12 and Book Value per Share (BVPS) stood at Rs. 60.25.
The Board of Directors of the Bank has not proposed any Dividend for the year 2017-2018.
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