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Federal Bank Q2 profit jumps 45% to record ₹1,386 crore
The agricultural segment warranted close monitoring amid the threat of El Niño, though the bank had not yet recorded any significant impact on slippages.
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Federal Bank posted record Q2 profit of Rs 1,386 crore, up 45% year-on-year, as net interest income climbed 26%. Advances grew 22% and deposits 19%, while asset quality improved, with gross NPAs declining to 1.32% during the September quarter.
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Federal Bank posted record Q2 profit of Rs 1,386 crore, up 45% year-on-year, as net interest income climbed 26%. Advances grew 22% and deposits 19%, while asset quality improved, with gross NPAs declining to 1.32% during the September quarter.
