FEDERAL BANK HITS HIGHEST EVER QUARTERLY NET PROFIT OF 954 CR AND NII OF 2056CR, REGISTERING STRONG GROWTH AND ROBUST ASSET QUALITY
MUMBAI, 16th OCTOBER, 2023 (GPN): Federal Bank announced the Financial Results for the quarter ended 30th September2023. The key highlights of the results on a Y-o-Y basis are as follows: Total Business of the Bank reached Rs 425685.12 Cr Net Profit highest ever @ Rs 953.82 Cr, grew 35.54 % Operating Profit highest ever @ Rs 1324.45 Cr ROA for Q2 stood at 1.36% and ROE stood at 15.72% GNPA and NNPA brought down to 2.26% and 0.64% respectively. Total Deposits increased by 23.12% Total Net Advances increased by 19.58% Highest ever Net Interest Income at ₹ 2056.42 Cr, grew by 16.72% WORKING RESULTS AT A GLANCE (Rs.in Cr) Particulars Q2 Q2 % y-o-y growth 2023-24 2022-23 Net Profit 953.82 703.71 é35.54% Total Income 6185.70 4630.30 é33.59% Operating Profit …
