Andhra bank says Nowadays, interest rates Not Fall Down in 2013
Andhra bank says Nowadays, interest rates Not Fall Down in 2013 : Andhra bank One of the leading Bank In AP will said yester day for this year 2013 interest rates Not Fall Down .Decrease in interest rates and to look forward to three to four months will be announced Andhra bank. RBI has taken measures to stop the rupee fall when interest rates will low current conditions, for a reduction in interest rates will have to look to wait at least four months, Chairman and Managing deraiktar Andhra Bank. BA Prabhakar said.
To disclose financial results for the first quarter of the current fiscal year, he said at a press conference held on Wednesday, during the last three months, no signs of recovering Not shown, the persistent pressure on the peak harvesting debits. Loans worth Rs .649 crore during the first three months of re karincaga system, another Rs .3,000 crore in the next three months will be loans. That is 9.8 percent of the total debt so far Andhra Bank. Rs .9,846 crore worth of loans, he said. It is also 15 per cent of the debt becomes enpieluga Prabhakar said. Expect 13-14 per cent growth this year, the overall debt, corporate debt may not be any growth. With the growing interest also growing pressure, the amount of interest on the profitability of this year, said that it is expected to be 2.7%.
Damage to profits, bad debt
Andhra Bank. profit declined 36 per cent in the first quarter of the current fiscal year. Rs .361 crore in the same period of the previous year, the net profit in the quarter fell to Rs .276 crore. Persistent increase in arrears, the main reason for the decline in profit increased allocations to provisioning said Prabhakar. Provisioning of the review period increased allocation of Rs .206 crore to Rs .385 crore. But at the same time trade reached 16 per cent to Rs .2.6 billion. Gross wasting assets of Rs .4,748 crore (4.73%), the net assets of wasting Rs .3,211 crore (3.27%) were retained. Paditene streamlining the corporate sector are wasting assets and the recovery of the economy, but bad debt collection in other areas, he said that it is expected to improve from this quarter.
To disclose financial results for the first quarter of the current fiscal year, he said at a press conference held on Wednesday, during the last three months, no signs of recovering Not shown, the persistent pressure on the peak harvesting debits. Loans worth Rs .649 crore during the first three months of re karincaga system, another Rs .3,000 crore in the next three months will be loans. That is 9.8 percent of the total debt so far Andhra Bank. Rs .9,846 crore worth of loans, he said. It is also 15 per cent of the debt becomes enpieluga Prabhakar said. Expect 13-14 per cent growth this year, the overall debt, corporate debt may not be any growth. With the growing interest also growing pressure, the amount of interest on the profitability of this year, said that it is expected to be 2.7%.
Damage to profits, bad debt
Andhra Bank. profit declined 36 per cent in the first quarter of the current fiscal year. Rs .361 crore in the same period of the previous year, the net profit in the quarter fell to Rs .276 crore. Persistent increase in arrears, the main reason for the decline in profit increased allocations to provisioning said Prabhakar. Provisioning of the review period increased allocation of Rs .206 crore to Rs .385 crore. But at the same time trade reached 16 per cent to Rs .2.6 billion. Gross wasting assets of Rs .4,748 crore (4.73%), the net assets of wasting Rs .3,211 crore (3.27%) were retained. Paditene streamlining the corporate sector are wasting assets and the recovery of the economy, but bad debt collection in other areas, he said that it is expected to improve from this quarter.
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