The net interest income (NII) for the first quarter rose nearly 20% to Rs 1,919 crore. It was Rs 1,605 cr ...More

The net interest income (NII) for the first quarter rose nearly 20% to Rs 1,919 crore. It was Rs 1,605 crore in the same period last year. ...Less

Federal Bank reported a standalone net profit of Rs 1,009.5 crore for the quarter ended June 30, 2024, up ...More

Federal Bank reported a standalone net profit of Rs 1,009.5 crore for the quarter ended June 30, 2024, up by 18.2% on a YoY compared to Rs 853.74 crore reported in Q1FY24. NII for the quarter stood at Rs 2291.98 crore, a 19.46% rise over Rs 1,918.59 crore reported in Q1FY24. ...Less

The total income of the bank rose to Rs 1,661.04 cr during Q1 of the current fiscal, up from Rs 1,361.61 ...More

The total income of the bank rose to Rs 1,661.04 cr during Q1 of the current fiscal, up from Rs 1,361.61 cr a year ago. ...Less

Federal Bank reported a YoY earnings growth of 42% in Q1 but recorded a 16 bps QoQ decline in net interes ...More

Federal Bank reported a YoY earnings growth of 42% in Q1 but recorded a 16 bps QoQ decline in net interest margin (NIM). Despite this, most brokerages maintain a buy rating for the stock. Kotak Equities argues that the bank is well-positioned to achieve a return on assets (RoA) of over 1.2% in the next few years. ...Less

Federal Bank reported a net profit of Rs 861.75 crore, a 14.6% YoY decrease, despite a 2% rise in net int ...More

Federal Bank reported a net profit of Rs 861.75 crore, a 14.6% YoY decrease, despite a 2% rise in net interest income to Rs 2,336.83 crore. The bank achieved its highest-ever other income of Rs 1,113 crore, up 21.6%. Total deposits grew by 8.03%, and net advances increased by 9.24%, driven by strong growth in retail and commercial banking loans. ...Less

Net interest income (NII) for the quarter rose 17.8 per cent to Rs 1,154 crore. ...More

Net interest income (NII) for the quarter rose 17.8 per cent to Rs 1,154 crore. ...Less

The lender reported 25 per cent YoY jump in its net profit at Rs 262.71 crore for June quarter. ...More

The lender reported 25 per cent YoY jump in its net profit at Rs 262.71 crore for June quarter. ...Less

On Tuesday, Federal Bank reported its highest-ever standalone net profit at Rs 1,007 crore for the quarte ...More

On Tuesday, Federal Bank reported its highest-ever standalone net profit at Rs 1,007 crore for the quarter ended December, up 25% from Rs 804 crore reported in the year-ago period. Sequentially it was up 5.5% versus Rs 954 crore reported in Q2FY24. ...Less

Federal Bank reported its highest-ever standalone net profit of Rs 1,007 crore in Q3FY24, a 25% YoY incre ...More

Federal Bank reported its highest-ever standalone net profit of Rs 1,007 crore in Q3FY24, a 25% YoY increase. Additionally, the bank achieved its highest-ever net interest income of Rs 2,123 crore. The net advances at the end of the quarter stood at Rs 199,185 crore, showing an 18% YoY growth. The bank also registered a 24% YoY growth in the retail book and an 18% YoY growth in the business banking book. ...Less