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Last 69.05 INR
Change Today -1.90 / -2.68%
Volume 2.6M
ANDB On Other Exchanges
Symbol
Exchange
Natl India
As of 7:06 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

andhra bank (ANDB) Snapshot

Open
71.50
Previous Close
70.95
Day High
71.50
Day Low
68.40
52 Week High
01/1/15 - 101.00
52 Week Low
09/26/14 - 60.50
Market Cap
41.6B
Average Volume 10 Days
2.0M
EPS TTM
11.12
Shares Outstanding
602.8M
EX-Date
06/30/15
P/E TM
6.2x
Dividend
2.00
Dividend Yield
2.90%
Current Stock Chart for ANDHRA BANK (ANDB)

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andhra bank (ANDB) Details

Andhra Bank provides a range of banking products and services to large, medium, and small customers in India. The company operates through Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. It accepts deposit products, including savings accounts, current accounts, and term deposits; and offers loan products, such as housing, vehicle, educational, personal, professional, mortgage, and reverse mortgage loans, as well as loans against gold, rent receivables, National Savings Certificates, Kisan Vikas Patra, life insurance policies, and other securities. The company also provides credit facilities comprising working capital finance, export import finance, working capital demand loans, bill finance, project and insurance finance, term finance, corporate loans, equipment finance, bridge loans, advances against share deposits, loan of credit, bank guarantees, and letters of credit, as well as forward contracts. In addition, it offers credit, debit, and prepaid cards; DMAT services; payment services; life, non-life, general, and health insurance products; mutual funds; project appraisal and loan syndication services; NRI banking services; and services to micro, small, and medium enterprises. Further, the company provides short term and medium/long term credit for agricultural and allied activities; women empowerment schemes; various special schemes; and rural self-employment training institutes, as well as Internet banking services. As of March 31, 2015, the company had 2,507 branches; 8 extension counters; 35 satellite offices; and 2,232 ATMs in 26 states and 3 union territories. Andhra Bank was founded in 1923 and is headquartered in Hyderabad, India.

Founded in 1923

andhra bank (ANDB) Top Compensated Officers

Chief Executive Officer, Managing Director, E...
Total Annual Compensation: 2.1M
Executive Director, Member of Share Transfer ...
Total Annual Compensation: 82.5K
Compensation as of Fiscal Year 2015.

andhra bank (ANDB) Key Developments

Andhra Bank Reports Unaudited Earnings Results for the First Quarter Ended June 30, 2015

Andhra Bank reported unaudited earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported total income of INR 45,292.3 million compared to INR 42,050.6 million a year ago. Operating profit (before provisions & contingencies) was INR 8,254.9 million compared to INR 6,262.7 million a year ago. Profit from ordinary activities before tax was INR 3,225.2 million compared to INR 2,120.0 million a year ago. Net profit was INR 2,025.2 million or INR 3.36 per basic and diluted share before/after extraordinary items (net of tax expense) compared to INR 1,070.0 million or INR 1.81 per basic and diluted share before/after extraordinary items (net of tax expense) a year ago. Return on assets (annualized) was 0.45% compared to 0.25% a year ago.

SBI, JSW, Ashok Leyland And Others Seek To Raise Funds

Fund-raising from institutional investors seems to be gaining favour. State Bank of India (NSEI:SBIN), JSW Steel Ltd. (BSE:500228) and Ashok Leyland Limited (BSE:500477) have lined up plans to raise over INR 550 billion through the route. Most of the companies eyeing to mobilise fresh capital through Qualified Institutional Placements (QIPs) or Institutional Placement Programmes (IPPs) routes are from the banking sector. The companies that have lined up such plans include Videocon Industries Ltd. (BSE:511389), Union Bank of India (BSE:532477), Yes Bank Limited (BSE:532648), Syndicate Bank (BSE:532276), Canara Bank Limited (BSE:532483), Central Bank of India (BSE:532885), Natco Pharma Limited (BSE:524816), Vijaya Bank Ltd. (BSE:532401), City Union Bank Ltd. (BSE:532210) , IL&FS Engineering and Construction Company Ltd. (BSE:532907), Omaxe Ltd. (BSE:532880), Andhra Bank (BSE:532418) and United Bank of India (BSE:533171). The funds would be used for expansion plans, refinancing of debt and to meet working capital requirements. Some of these companies have already received approval from their respective boards and shareholders for the fund-raising plans while others are in the process of securing the necessary clearances. Individually, State Bank of India plans to garner up to INR 150 billion through QIP/IPP route. Yes Bank intends to raise INR 64 billion and Videocon and Central Bank of India aim to mop up INR 50 billion each. Union Bank of India is targeting to rake in INR 37 billion. JSW Steel is eyeing an amount of INR 40 billion. Ashok Leyland and Syndicate Bank plan to raise INR 20 billion.

Andhra Bank, Board Meeting, Jul 25, 2015

Andhra Bank, Board Meeting, Jul 25, 2015. Agenda: To consider and approve the unaudited financial results of the bank for the quarter ended June 30, 2015.

 

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