Money & Banking

Andhra Bank clarifies

| Updated 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.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on March 09, 2011
This article is closed for comments.
Please Email the Editor