Money & Banking

Andhra Bank clarifies

| Updated on March 09, 2011 Published on March 09, 2011

With reference to ‘Govt stake in Andhra Bank to go up to 58%' ( Business Line, March 9), Andhra Bank has now clarified that the infusion of Rs 618 crore capital is yet to be gone through. This is inclusive of the Rs 1,100-crore likely to be infused. The bank had crossed Rs 1 lakh crore business as on March 31, 2009, and its Net Interest Margin was one of the highest among public sector banks.

Published on March 09, 2011
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