Annual Report 2016-2017 of Andhra Bank

It is a broadly described annual report of Andhra Bank in the year of 2016-2017. During the financial year, The Bank’s Total Business increased to Rs. 3,39,673 Crore as on 31^st March 2017, from Rs. 3,10,673 Crore as on 31^st March 2016 registering a growth rate of 9.3%. Total Deposits increased to Rs. 1,95,441 Crore from Rs. 1,74,302 Crore in the previous year, registering a growth rate of 12.1%. Total Income for the financial year 2016-17 increased by 5.9%, from Rs. 19199 Crore during the financial year 2015-16 to Rs. 20336 Crore. Operating Profit of the Bank increased to Rs. 4388 Crore compared to Rs. 3960 Crore in the previous year registering a growth rate of 10.8%. Net Profit stood at Rs. 174 Crore for the financial year 2016-17. Earnings per Share (EPS) stood at Rs. 2.56 and Book Value per Share (BVPS) stood at Rs. 153.84.

As on 31^st March 2017, the Investments (net of depreciation) increased by 10.83% and stood at Rs. 59697.49 Crore, up from Rs. 53864.19 Crore as on 31^st March 2016.

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