Andhra Bank has registered a net profit of R339.67 crore for the fourth quarter which is 9% higher than R312.78 crore reported for the same period last year. Net interest income touched R913.85 crore from R861.54 crore, an increase of 6% reported in the corresponding quarter last year. Total income rose by 21% to R3,228.90 crore from R2,662.48 crore in the previous year quarter.

According to a BSE filing, the operating profit, before provisions and contingencies, for the quarter, declined by 4% to R680.95 crore from R711.50 crore in the prior-year quarter.

For the financial year, the bank reported standalone net profit of R1,344.67 crore, up by 6% from R1,267.07 crore in 2011. Net interest income rose by 17% to R3,759.32 crore from R3,220.96 crore in the corresponding period last year. The total standalone income stood at R12,198.66 crore compared with R9,188.23 crore in April-March 2011, an increase of 33%.

As at the end of March 2012, gross NPA as percentage of gross advances stood at 2.12%, while net NPA as percentage of net advances was 0.91%. The capital adequacy ration, as per Basel-II, was 13.18% as on March 31, 2012.

While total deposits as on March 31 was R105,851 crore, up by 15%over last year, advances rose by 17% to R83,642 crore from 2011.