Federal Bank posts record ₹1,386 crore quarterly profit, NPA hits decade low

Business & Economy

What to know

  • Net Interest Income rose 26.38% year-on-year to ₹3,153.40 crore, outpacing advances growth of 21.66%S1
  • Growth remained broad-based across the bank's chosen segments. Gold loans grew 37.13% YoY, loans against property (LAP) increased 32.21%, credit cards rose 28.27%, and commercial banking expanded 25.46%.S2
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Federal Bank posts record ₹1,386 crore quarterly profit, NPA hits decade low

Net Interest Income rose 26.38% year-on-year to ₹3,153.40 crore, outpacing advances growth of 21.66%

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Federal Bank Q2 Results: Net Profit Jumps 45% YoY To Record Rs 1,386 Crore; NII Rises 26%

Growth remained broad-based across the bank's chosen segments. Gold loans grew 37.13% YoY, loans against property (LAP) increased 32.21%, credit cards rose 28.27%, and commercial b…

Federal Bank posts record ₹1,386 crore quarterly profit, NPA hits decade low

2 outlets 2 reports

What to know

  • Net Interest Income rose 26.38% year-on-year to ₹3,153.40 crore, outpacing advances growth of 21.66%S1
  • Growth remained broad-based across the bank's chosen segments. Gold loans grew 37.13% YoY, loans against property (LAP) increased 32.21%, credit cards rose 28.27%, and commercial banking expanded 25.46%.S2
Timeline · newest first

Sources · 2 citations