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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (9317)	11/3/1999 11:32:00 PM
From: Mohan Marette	Read Replies (1) of 12475

Andhra bank posts operating profit of Rs 107.60 cr andhrabankindia.com Thursday, November 4, 1999 (Fe) HYDERABAD: Andhra Bank posted an operating profit of Rs 107.60 crore for the first half year ended September 1999 as against Rs 87.25 crore for the corresponding period last year, registering a growth rate of 23.32 per cent. The bank's total deposits have increased to Rs 11,690 crore for the half year, registering a 11.99 per cent growth rate. Advances reached Rs 5,128 crore, recording 7.35 per cent growth, an Andhra Bank release here today said. During the first half of the year, the bank mobilised Rs 150 crore under Tier-ii capital, strengthening the capital adequacy norms, the release added.

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