Comments
Federal Bank has registered an 18.33-per cent growth in its net profit at ₹167.31 crore in the first quarter of the current fiscal against ₹141 crore in the corresponding year-ago quarter. The operating profit stood at ₹425.86 crore, up from ₹367.21 crore in Q1 FY16.
The total business registered a year-on-year growth of 15.25 per cent to reach ₹1.40-lakh crore, while total deposits rose 12.47 per cent to ₹81,132 crore. Total advances grew 19.30 per cent to ₹59,118 crore. Current account and savings account (CASA) deposits grew 18 per cent to ₹26,635 crore. CASA, as a percentage of total deposits, increased to 32.83 (31.26 in the corresponding period last year). NRE deposits rose 24.54 per cent to ₹32,121 crore, a release said.
On the asset side, while SME (small and medium enterprise) advances registered a growth of 17.79 per cent to ₹15,325 crore, large corporate advances rose 36.77 per cent to ₹20,693 crore.
While the net income grew 16.40 per cent to ₹929.72 crore, other income rose 22.48 per cent to ₹237.54 crore in Q1 FY17.
Net interest income grew 14.45 per cent to ₹692 crore. Net interest margin stood at 3.28 per cent. The gross NPA (non-performing asset) stood at ₹1,747 crore, which, as a percentage of gross advances came to 2.92. The net NPA was ₹994.50 crore, and as a percentage of net advances it was 1.68.
The capital adequacy ratio, computed according to Basel-III guidelines, stood at 13.59 per cent.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.