Federal Bank Q3 profit jumps 32% to Rs 441 crore
Net NPAs of the bank also fell to 1.63 per cent of the total assets in October-December 2019 as against 1.72 per cent a year ago.
By PTI |
BCCL
New Delhi: Federal Bank on Monday posted 32.1 per cent increase in net profit at Rs 440.64 crore for December quarter 2019-20.
The private sector lender registered a profit of Rs 333.63 crore in the year-ago period.
Total income also improved to Rs 3,738.22 crore during the third quarter as against Rs 3,299.96 crore in the year-ago period, Federal Bank said in a regulatory filing.
Gross non-performing assets (NPAs) declined to 2.99 per cent of the total advances during the quarter, compared with 3.14 per cent at the end of the third quarter of 2018-19.
Net NPAs of the bank also fell to 1.63 per cent of the total assets in October-December 2019 as against 1.72 per cent a year ago.
The private sector lender registered a profit of Rs 333.63 crore in the year-ago period.
Total income also improved to Rs 3,738.22 crore during the third quarter as against Rs 3,299.96 crore in the year-ago period, Federal Bank said in a regulatory filing.
Gross non-performing assets (NPAs) declined to 2.99 per cent of the total advances during the quarter, compared with 3.14 per cent at the end of the third quarter of 2018-19.
Net NPAs of the bank also fell to 1.63 per cent of the total assets in October-December 2019 as against 1.72 per cent a year ago.
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