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.
Andhra Bank clarifies
Published on
March 9, 2011 18:14