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Andhra Bank (ADBK.NS)

ADBK.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

SBI Says Stay Order For Liquidation Of Sterling Biotech Passed
Thursday, 13 Jun 2019 

June 13 (Reuters) - Andhra Bank ::ANDHRA BANK APPEALED AGAINST ORDER IN NCLAT WHEREIN STAY ORDER IN REGARD TO LIQUIDATION OF STERLING BIOTECH LTD HAS BEEN PASSED.  Full Article

Andhra Bank Approves Divestment Of Of Stake In JVs
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Andhra Bank ::SAYS APPROVES DIVESTMENT OF OF STAKE IN JV ASREC INDIA, INDIA INTERNATIONAL BANK (MALAYSIA) AND INDIAFIRST LIFE INSURANCE CO.  Full Article

Andhra Bank Says CRISIL Rating Change Based On Expectation Of Continued Pressure On Asset Quality
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Andhra Bank ::SAYS CLARIFIES ON REVISION OF RATINGS OF CO'S BONDS BY CRISIL RATINGS.SAYS OUTLOOK REVISION DRIVEN BY EXPECTATION OF CONTINUED PRESSURE ON ASSET QUALITY AND IMPACT ON EARNINGS PROFILE OF THE BANK.  Full Article

India's Andhra Bank March Qtr Total Income From Ops 50.93 Bln Rupees
Tuesday, 22 May 2018 

May 22 (Reuters) - Andhra Bank ::MARCH QUARTER TOTAL INCOME FROM OPERATIONS 50.93 BILLION RUPEES VERSUS 54.25 BILLION RUPEES A YEAR AGO.MARCH QUARTER NET LOSS AFTER TAX 25.36 BILLION RUPEES VERSUS NET PROFIT AFTER TAX OF 351.2 MILLION RUPEES A YEAR AGO.SAYS GROSS NPA AS ON MARCH 31, 2017 AS REPORTED BY BANK 176.70 BILLION RUPEES.  Full Article

India's Andhra Bank Posts Q3 Net Loss
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - India's Andhra Bank ::DEC-QUARTER NET LOSS 5.3 BILLION RUPEES.DEC-QUARTER TOTAL INCOME 50.9 BILLION RUPEES.PERCENT OF GROSS NPA 14.26 AS OF END DEC VERSUS 13.27 AS OF END SEPT.  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

India's Andhra Bank June-qtr profit up about 30 pct
Friday, 4 Aug 2017 

Aug 4 (Reuters) - Andhra Bank ::June quarter net profit 404.2 million rupees versus net profit of 310.9 million rupees year ago.June quarter interest earned 44.02 billion rupees versus 43.72 billion rupees year ago.June quarter provisions 13.01 billion rupees versus 9.44 billion rupees year ago.June quarter gross NPA 13.33 percent versus 12.25 percent previous quarter.June quarter net NPA 8.09 percent versus 7.57 percent previous quarter.  Full Article

Deals of the day-Mergers and acquisitions

May 21 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: